Glenwood, IL 60425,502 N Roberts Drive
Glenwood, IL 60425,502 N Roberts Drive
Glenwood, IL 60425,502 N Roberts Drive
Glenwood, IL 60425,502 N Roberts Drive
Glenwood, IL 60425,502 N Roberts Drive
Glenwood, IL 60425,502 N Roberts Drive
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Listed by William Soleof Sancken Sole Realty
Bought with Michael Scanlon of eXp Realty

$1,200,000

$1,300,000

7.7%
Est.Price: ?

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Est. payment /mo

0.51 Acres Lot


SOLD DATE : 11/21/2025

Key Details

Sold Price $1,200,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12450881

Sold Date 11/21/25

Year Built 1967

Annual Tax Amount $30,393

Tax Year 2023

Lot Size 0.510 Acres

Lot Dimensions 22250

Property Sub-Type Multi Family 5+

Property Description

Great Investment Opportunity, 502-504-506 Roberts Drive presents a unique opportunity to acquire a well-maintained 12-unit brick building, 2 one bedrooms and 10 two bedrooms units in the charming community of Glenwood, Illinois. This property offers consistent rental income with all units featuring spacious layouts, abundant natural light, generous closet space, and functional floor plans designed for tenant convenience and on-sight laundry facility. Ideally located near S. Halsted Street, the primary north/south arterial through Chicago's south suburbs, the property benefits from excellent accessibility and visibility. S. Halsted averages 21,100 vehicles per day and provides access to a wide range of retailers, dining, services, and community amenities. Additionally, the property is adjacent to ongoing redevelopment efforts within Glenwood's commercial corridor-further enhancing long-term investment value. Glenwood is a reputable and sought-after bedroom community, offering residents a peaceful suburban setting with easy commutes to Chicago and the surrounding Chicagoland area. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a reliable, income-producing asset, this 12-unit building is a fantastic opportunity. Roof replacements, coin laundry, interior and exterior lighting, thermostats in all units from 2022-2024. Contact us today to schedule a private tour and explore the potential of this strong investment property.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement None

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

Roof Type Composition

Building

Foundation Concrete Perimeter

Structure Type Brick

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