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8305 N Solon Road

Richmond, IL 60071

4 beds
5 baths
3,000 sqft
~1 acre lot
$150 per sqft
1948 build
– on site

This opportunity presents an excellent chance to generate substantial rental income. The property comprises five rental units spread across two separate houses, as well as a spacious 24 x 40 garage, all situated on a one-acre wooded lot. The first building underwent reconstruction in the early 2000s and now features two units, each boasting two bedrooms and a full bathroom, as well as a full basement. Each units is on seperate utilities The second building contains three units: the first unit consists of two bedrooms with a full bathroom, the second unit is a studio with a full bathroom, and the third upper unit offers two bedrooms with a full bathroom. Notably, the detached garage also serves as a source of rental income.

Listing courtesy of MRED / RE/MAX Plaza as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# 12141802 —

The Building

Year Built:

1948
Rebuilt:

No
New Construction:

false
Basement:

Full
Disability Access:

No
Living Area Source:

Estimated

Interior

Rooms Total:

8
Room Type:

Kitchen

Room Dimensions

Living Area:

3000

Location

Directions:

Rt 12 to N Solon rd. Head north to property located on the West side of the road.
Location:

5366

The Property

Parcel Number:

0422400008
Property Type:

Residential
Lot Features:

Wooded
Lot Size Dimensions:

165 X 264
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

7366.38

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

5
Full Baths:

5

The Listing

Special Listing Conditions:

List Broker Must Accompany

Heating & Cooling

Heating:

Natural Gas
Cooling:

None

Utilities

Sewer:

Septic-Private
Water Source:

Private Well

Schools

Elementary School:

Richmond-Burton Community High S
Elementary School District:

157
Middle Or Junior School:

Richmond-Burton Community High S
Middle Or Junior School District:

157
High School:

Richmond-Burton Community High S
High School District:

157

The Community

Association Fee Includes:

None
Association Fee Frequency:

Not Applicable
Master Assoc Fee Frequency:

Not Required

Parking

Parking Total:

10
Parking Onsite:

Yes

Monthly cost estimate

Asking price

$450,000

Expense	Monthly cost
Mortgage	$2,409
Taxes	$613
Insurance	$123
Utilities	$227 See report
Total	$3,372/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price
8/19/24 Aug 19, 2024	Listed / Active	MRED	$450,000
5/20/24 May 20, 2024	Price Changed	MRED
11/7/23 Nov 7, 2023	Listed / Active	MRED

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This house located in IL 60071 is currently for sale for $450,000. 8305 N Solon Road is a 3,000 square foot house with 4 beds and 5 baths that has been on Estately for 94 days. This house is in the attendance area of Richmond-Burton Community High School, Nippersink Middle School, and Richmond Grade School.

Listing courtesy of MRED, RE/MAX Plaza, and Russell Hart as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2024 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Nov 2, 2024, 07:40 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.