Welcome to this FULLY OCCUPIED, 4-Unit, brick investment opportunity in the heart of Richton Park, IL. This well-maintained brick building currently presents an impressive 7.6% cap rate, with the potential to soar to a lucrative 12% cap ratio by enforcing current market rents.The building consists of (3) Two bedroom and 1 bath units, and (1) One bedroom and 1 bath unit. Each unit includes individual HVAC system (Tenant responsibility). This unit has been meticulously maintained and updated throughout the years of current ownership. This building sits at the end of the cul de sac which offer privacy and parking for 8 cars. Located minutes away from the Metra station, shopping, restaurants and much more that create a strong rental demand for this building
Closed
$330,000
5 Thomas Ct, Richton Park, IL 60471
7beds
--sqft
Multi Family
Built in 1972
-- sqft lot
$410,700 Zestimate®
$--/sqft
$2,135 Estimated rent
Home value
$410,700
$370,000 - $452,000
$2,135/mo
Zestimate® history
Owner options
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$2,135/mo
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$2,346/mo
Est. payment
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$2,346/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Moin Haque, ABR,CNC,CSC,E-PRO,SFR,SRS 630-518-0806,
Coldwell Banker Realty,
Eabad Haque 630-788-7512,
Coldwell Banker Realty
Bought with:
George Sierra
Golden Homes Real Estate Inc.
Source: MRED as distributed by MLS GRID,MLS#: 11891897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Parking
- Total spaces: 8
- Parking features: Unassigned, On Site, Other
Lot
- Size: 8,712 Square Feet
- Features: Cul-De-Sac
Details
- Parcel number: 31263030430000
- Zoning: MULTI
- Special conditions: None
- Other equipment: TV-Cable
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
Location
- Region: Richton Park
Financial & listing details
- Tax assessed value: $260,000
- Annual tax amount: $12,649
- Date on market: 9/26/2023
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/11/2024 | Sold | $330,000+6.5% |
Source:  MRED as distributed by MLS GRID #11891897 Report a problem | ||
| 10/12/2023 | Contingent | $309,995 |
Source: MRED as distributed by MLS GRID #11891897 Report a problem | ||
| 9/26/2023 | Listed for sale | $309,995+47.6% |
Source: MRED as distributed by MLS GRID #11891897 Report a problem | ||
| 9/1/2020 | Sold | $210,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $26,000 +0% |
| 2023 | $11,083 -12.9% | $25,999 +16.5% |
| 2022 | $12,727 +0.6% | $22,310 |
| 2021 | $12,649 +7.4% | $22,310 |
| 2020 | $11,780 -8.1% | $22,310 -8.3% |
| 2019 | $12,820 +0% | $24,339 |
| 2018 | $12,814 +3.4% | $24,339 |
| 2017 | $12,390 +21.2% | $24,339 +21.2% |
| 2016 | $10,223 +1.2% | $20,083 |
| 2015 | $10,099 +1.7% | $20,083 |
| 2014 | $9,927 +13.1% | $20,083 +2.8% |
| 2013 | $8,781 +5.4% | $19,527 |
| 2012 | $8,335 +8.5% | $19,527 |
| 2011 | $7,682 -8.6% | $19,527 -19.6% |
| 2010 | $8,405 +3% | $24,278 |
| 2009 | $8,164 +8.3% | $24,278 -5% |
| 2008 | $7,538 +5.8% | $25,556 +5.4% |
| 2007 | $7,126 +4.8% | $24,242 |
| 2006 | $6,802 +0.3% | $24,242 |
| 2005 | $6,781 +7.4% | $24,242 +13.8% |
| 2004 | $6,314 +6.1% | $21,310 |
| 2003 | $5,954 +2.8% | $21,310 |
| 2002 | $5,789 +11.8% | $21,310 +10.2% |
| 2001 | $5,179 +1.6% | $19,336 |
| 2000 | $5,099 +0.1% | $19,336 |
| 1999 | $5,094 | $19,336 |
Find assessor info on the county website
Neighborhood: 60471
Nearby homes
- $--2 bd1 ba1.1k sqft5 Thomas Ct APT 2W, Richton Park, IL 60471Off Market
- $--1 bd1 ba750 sqft5 Thomas Ct APT 1E, Richton Park, IL 60471Off Market
- $401,0007 bd4 ba3.9k sqft4 Thomas Ct, Richton Park, IL 60471Off Market
- $--2 bd1 ba1.1k sqft6 Thomas Ct #2W, Richton Park, IL 60471Off Market
- $90,1001 bd1 ba900 sqft6 Thomas Ct #1E, Richton Park, IL 60471Off Market
- $353,5007 bd4 ba3.9k sqft6 Thomas Ct, Richton Park, IL 60471Off Market
- $382,3007 bd-- ba3.9k sqft3 Thomas Ct, Richton Park, IL 60471Off Market
- $--2 bd1 ba-- sqft7 Thomas Ct APT 2W, Richton Park, IL 60471Off Market
Nearby schools
GreatSchools rating
- 5/10Sauk Elementary SchoolGrades: 4-6Distance: 0.9 mi
- 5/10O W Huth Middle SchoolGrades: 7-8Distance: 1.1 mi
- 6/10Rich Township High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- High: Fine Arts And Communications Cam
- District: 159
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Cook County
- Richton Park
- 60471
- 5 Thomas Ct
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