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Image 1 - 8275 North Solon Road, Richmond, McHenry County, IL 60071, USA - House for sale

Image 2 - 8275 North Solon Road, Richmond, McHenry County, IL 60071, USA - House for sale

Image 3 - 8275 North Solon Road, Richmond, McHenry County, IL 60071, USA - House for sale

Image 4 - 8275 North Solon Road, Richmond, McHenry County, IL 60071, USA - House for sale

Home For Sale In Richmond, Illinois

8275 North Solon Road, Richmond, McHenry County, IL 60071, USA

Home For Sale In Richmond, Illinois

house for sale

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Listed: 02/07/24

8275 North Solon Road, Richmond, McHenry County, IL 60071, USA

4 Bed:

2 Bath:

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Price

$ 475,000

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About This House

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.

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Original listing

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Richmond Housing & Living

Household Income

Median household income: $46,898

Number of households: 779

The average household income in Richmond, IL grew from $43,681 to $46,898 in the past year. This data is an estimate based upon 779 households in Richmond, IL.
The chart below presents how household income is distributed in Richmond, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Richmond, IL compared to median property taxes around the country. The prevalent amount of property taxes in Richmond, IL equals $3k+ , which is more than the national average.