8305 N Solon Rd, Richmond, IL 60071
FOR SALE1 ACRE

8305 N Solon Rd
Richmond, IL 60071

  • 4 Beds
  • 2 Baths
  • 4 Beds
  • 2 Baths

$475,000

Est. Mortgage $3,514/mo*
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Local Information

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Commute Destination

Description

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. 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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
173 days ago

Home Details for 8305 N Solon Rd

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: FullNumber of Rooms: 12
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Heating & Cooling
Heating: Natural GasHas HeatingHeating Fuel: Natural Gas

Exterior Features

Exterior Home Features
Roof: AsphaltOther Structures: Guest House
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 10Parking: Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank

Days on Market

Days on Market: 173

Property Information

Year Built
Year Built: 1948
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: CedarNot a New Construction
Property Information
Parcel Number: 0422400008

Price & Status

Price
List Price: $475,000
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Richmond
School Information
Elementary School: Richmond-Burton Community High SElementary School District: 157Jr High / Middle School: Richmond-Burton Community High SJr High / Middle School District: 157High School: Richmond-Burton Community High SHigh School District: 157

Agent Information

Listing Agent
Listing ID: 11925481

Lot Information

Lot Area: 1 Acres

Listing Info

Special Conditions: None

Compensation

Buyer Agency Commission: 2.5% - $395Buyer Agency Commission Type: See Remarks:
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11925481

Additional Information

Mlg Can ViewMlg Can Use: IDX
Last check for updates: about 16 hours ago
Listing courtesy of: Russell Hart, (630) 309-9939
RE/MAX Plaza
Source: MRED as distributed by MLS GRID, MLS#11925481

Price History for 8305 N Solon Rd

DatePriceEventSource
11/08/2023$475,000Listed For SaleMRED as distributed by MLS GRID #11925481
11/04/2021$280,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$8,126
Assessment$290,700
Home facts updated by county records

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What Locals Say about Richmond

  • Brynnagael
    "new to living here. just moved this month. it's a super quiet town. stores or a little far but not the worst. "
    1
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  • Gabrielle
    "Richmond ia a great place to raise kids with top school's in Illinois. And good old fashioned living. I loved growing up here. "
    1
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  • Jessica S.
    "There really isn't anything going on except things at the library and maybe we hear about the little shops in town but that's about it"
    1
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  • Jessica S.
    "Some owners pick up after their dogs but some don't I've noticed. Also there isn't sidewalks for dogs to go for walks but there is land that they can take walks on. "
    0
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  • Taylorbattaglia343
    "Everyone’s friendly and takes care of their animals waste. dogs all seem to be friendly as well and owners handle them with care "
    0
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  • Khoa A. T.
    "Actually in spring grove right on the border of Richmond. nice quiet conservative town. friendly people and community."
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  • jdm
    "Close to major highways with easy access to Lake Geneva, Milwaukee, Madison, and all the NW IL 'burbs. Schools are excellent! Parents and neighbors are active and involved in safety and looking out for each other. I've lived in 15 areas of IL and WI and this is the best!"
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LGBTQ Local Legal Protections

Russell Hart, RE/MAX Plaza
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
8305 N Solon Rd, Richmond, IL 60071 is a 4 bedroom, 2 bathroom multi-family built in 1948. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Nov 8, 2023. The MLS # for this home is MLS# 11925481.