Veterans United Realty
5 Photos

8305 N Solon Road, Richmond, IL 60071

$450,000 Asking Price

4 beds
5 baths
3,000  sqft
Built in 1948

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 Status:
Active
Date Added:
August 19, 2024 — 89 days ago
Listing Office:
RE/MAX Plaza, Russell Hart (630-309-9939)
Office Phone:
815-385-6770
MLS ID:
12141802

Features & Amenities

Interior

Rooms:
Kitchen
Basement:
Full
A/C:
None
Heating:
Natural Gas
Disability Feature:
None

Exterior

General:
Cedar
Parking:
Space/s, Parking spaces: 10

Construction

General:
2 Stories

Location

HOA Amenities:
Not Applicable
Originating MLS:
mred
School District:
157
County:
McHenry

Lot

Zoning:
0422400008

Utilities

Water:
Private Well
Sewer:
Septic-Private

Financial

Source:
mred
Ownership:
Fee Simple

This listing courtesy of:
RE/MAX Plaza, Russell Hart

About Richmond, IL

Housing

Number of Units
1,863
Median Home Value
$297,341
Median Rent
$879

28.23% of housing units are renter occupied.

5.83% are vacant.

Commute

Car
47.60%
Public Transportation
0.54%
Walk to Work
0.00%
Work from Home
51.66%
Other
0.14%

The median travel time to work is 17 minutes.

People

Population
4,399
Median Age
42.20
Median Household Size
2.56

Education

High School
32.02%
Associate’s Degree
9.89%
Bachelor’s Degree
22.38%
Graduate Degree
7.26%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last Updated: November 16, 2024 5:52 am.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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