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$475,000

For Sale - Active
1880 Saunders Rd, Riverwoods, IL 60015
3 Beds
3 Baths
1,690 Square Feet
0.00 Acres Lot
Built in 1956
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Sep 04, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$981
Cap Rate
3.2%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Property Description


0.00 Acres Lot
Built in 1956
For Sale - Active
Units n/a

A NICE LOOKING RANCH SITUATED ON 3.9 ACRES IS A WONDERFUL PLACE TO CALL HOME AND A GREAT OPPORTUNITY TO BUY INTO RIVERWOODS. ALTHOUGH PRIVATELY LOCATED, THIS HOME IS NEAR SHOPPING, GOLF COURSES & HIGHWAYS. IT IS ALSO SERVED BY THE HIGHLY REGARDED BANNOCKBURN ELEMENTARY SCHOOL. THIS HOME OFFERS HARDWOOD FLOORS, A NICELY UPDATED KITCHEN WITH GRAY STAINED WOOD CABINETS, STONE COUNTERTOPS AND STAINLESS STEEL APPLIANCES ALONG WITH PORCELEIN PLANK FLOORING. THE LIVING ROOM AREA HAS A WOODBURNING FIREPLACE AND LARGE, LOVELY PICTURE WINDOWS OVERSEEING THE VAST PROPERTY. A 4 SEASONS SUN ROOM ADJACENT TO THE DINING ROOM OFFERS ADDITIONAL LIVING SPACE. THE FINISHED BASEMENT HAS A RECREATION ROOM, A LARGE ADDITIONAL BATHROOM, A GENEROUS ADDITIONAL ROOM WITH A FIREPLACE THAT WAS USED AS A 4TH BEDROOM AND PLENTY OF STORAGE. THE HOUSE IS BEING CONVEYED "AS IS" THIS HOUSE IS PERFECT FOR A BUYER THAT WOULD LIKE PRIVACY AND PICTURESQUE VIEWS OF THE BEAUTIFUL PROPERTY! Please note: Pictures are from when they purchased the house. The house is in a flood plain and flood way. There are restrictions on what can be done to the house and the property. It can not be expanding from it's original footprint. The house has a very nice basement that has not flooded. The change in Topography from the new construction North of the property upgraded the house into a flood way in 2020 by Fema. There are also restrictions on how much can be spent on improvements to the house. Please contact Marla if you would like more information.

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage On-Site, Garage Door Opener(s)
  • Details: Asphalt, Garage Door Opener, On Site, Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Concrete Perimeter
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1619303005
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1956

Tax Information

  • Annual Tax: $17,920

Utilities

  • Water & Sewer: Well
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Lake

Listing Details


Listed by:
Marla Marcus
Compass
(847) 644-9359

Source:
Midwest Real Estate Data (MRED)
MLS#: 12434617
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
-$981
Cap Rate
3.2%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-6.4%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
1,690
Cost per square foot:
$281
Monthly rent per square foot:
$2.37

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,248
Property tax:
$1,493
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,021

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (37%)
37%-$1,493-$17,920
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (62%)
62%-$2,493-$29,920

Cash Flow


Monthly Yearly
Net operating income:
$1,267 $15,204
Mortgage payments:
-$2,248 -$26,976
Cash flow:
$981 $11,772