Superb investment opportunity in the heart of Orland Park. Cap Rate of 6.7 and GRM of 10.3 Located on a quiet cul-de-sac, this fully leased four-unit building is an exceptional find for a savvy investor looking for immediate cash flow or an owner-occupant wanting to live rent-free while tenants pay the mortgage. The building features a massive owner's unit with 3 spacious bedrooms, 3 full bathrooms, and a fully finished basement-ideal for a primary residence or a premium rental. The other three units, feature 2-bedroom, 1-bathroom layouts. Tenants will love the convenience of the large private parking lot with ample space for residents and guests. The property has been meticulously maintained with numerous updates throughout the years, keeping capital expenditures low for the next owner. A full list of these updates is uploaded in the additional information section of the MLS. The location couldn't be better for tenant retention. It is just minutes from the Metra station for an easy commute, close to Orland Park's best shopping and dining, and situated in the highly desirable, top-rated Orland Park school district. This is a rare, turnkey building in a premium South Suburb market that checks every single box for portfolio growth. Schedule your walkthrough today before it's gone. LIVE, INVEST, ENJOY!
Contingent
$849,900
9761 Ravinia Ln, Orland Park, IL 60462
9beds
--sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fully finished basementQuiet cul-de-sac
- --
- on Zillow |
- 623
- views |
- 51
- saves |
Zillow last checked:
Listed by:
Greg Mucha, ABR,RSPS,SFR 708-301-4700,
Coldwell Banker Real Estate Group
Source: MRED as distributed by MLS GRID,MLS#: 12675736
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 6
Heating
- Natural Gas, Baseboard
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Off Street, Yes, Owned
Features
- Exterior features: Balcony
Lot
- Size: 0.31 Acres
- Dimensions: 60 x 122 x 72 x 92 x 115
- Features: Cul-De-Sac
Details
- Additional structures: Shed(s)
- Parcel number: 27092130340000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1971
Details
- Builder model: 4 Unit Apartment
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
Location
- Region: Orland Park
Financial & listing details
- Tax assessed value: $480,010
- Annual tax amount: $11,495
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2014 | Sold | $370,000 |
Source:  MRED as distributed by MLS GRID #08674985 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $48,001 +0% |
| 2023 | $11,183 -12.6% | $47,999 +4.1% |
| 2022 | $12,789 +3.3% | $46,111 |
| 2021 | $12,377 +3.3% | $46,111 |
| 2020 | $11,977 +10.7% | $46,111 +7.6% |
| 2019 | $10,818 +2.8% | $42,840 |
| 2018 | $10,519 +2.2% | $42,840 |
| 2017 | $10,297 +9.8% | $42,840 +27.4% |
| 2016 | $9,380 +1% | $33,615 |
| 2015 | $9,290 +1.5% | $33,615 |
| 2014 | $9,152 -2.2% | $33,615 -7.9% |
| 2013 | $9,355 -9.6% | $36,500 -9.7% |
| 2012 | $10,353 +4.6% | $40,426 |
| 2011 | $9,893 +0.5% | $40,426 -5.5% |
| 2010 | $9,842 +1.7% | $42,797 |
| 2009 | $9,675 +1.2% | $42,797 -9.3% |
| 2008 | $9,558 +18% | $47,160 +20.7% |
| 2007 | $8,102 +0.9% | $39,065 |
| 2006 | $8,027 -1.4% | $39,065 |
| 2005 | $8,142 +17.7% | $39,065 +23.1% |
| 2004 | $6,918 +8.6% | $31,735 |
| 2003 | $6,371 +9% | $31,735 |
| 2002 | $5,843 -6.8% | $31,735 +0.2% |
| 2001 | $6,267 +1.5% | $31,685 |
| 2000 | $6,172 +18.3% | $31,685 |
| 1999 | $5,219 | $31,685 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60462
Nearby schools
GreatSchools rating
- NAOrland Park Elementary SchoolGrades: PK-2Distance: 0.3 mi
- 6/10Orland Jr High SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Carl Sandburg High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: 135
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Orland Park
- 60462
- 9761 Ravinia Ln
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