This opportunity presents an excellent chance to generate substantial rental income. The property comprises 4 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 separate utilities The second building contains two units: the first unit consists of two bedrooms with a full bathroom, and a extra bonus room. The upper unit offers two bedrooms with a full bathroom. Notably, the detached garage also serves as a source of rental income.
Closed
$400,000
8305 N Solon Rd, Richmond, IL 60071
7beds
--sqft
Multi Family
Built in 1896
-- sqft lot
$406,900 Zestimate®
$--/sqft
$1,788 Estimated rent
Home value
$406,900
$378,000 - $439,000
$1,788/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: November 07, 2025 at 12:03am
Listing courtesy of:
Russell Hart 630-309-9939,
RE/MAX Plaza
Bought with:
Jennifer Henry
RE/MAX All Pro - St Charles
Source: MRED as distributed by MLS GRID,MLS#: 12466570
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Cellar,Full
Property
Parking
- Total spaces: 10
- Parking features: Detached, Garage
- Garage spaces: 4
Lot
- Size: 1 Acres
- Dimensions: 165 x 264
Details
- Parcel number: 0422400008
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Cedar
Condition
- New construction: No
- Year built: 1896
- Major remodel year: 2000
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Richmond
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Sold | $400,000-2.4% |
Source:  MRED as distributed by MLS GRID #12466570 Report a problem | ||
| 5/15/2025 | Listing removed | $410,000 |
Source: MRED as distributed by MLS GRID #12141802 Report a problem | ||
| 4/10/2025 | Price change | $410,000-8.9% |
Source: MRED as distributed by MLS GRID #12141802 Report a problem | ||
| 5/20/2024 | Price change | $450,000-5.3% |
Source: MRED as distributed by MLS GRID #11925481 Report a problem | ||
| 11/8/2023 | Listed for sale | $475,000+69.6% |
Source: MRED as distributed by MLS GRID #11925481 Report a problem | ||
| 11/4/2021 | Sold | $280,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,563 +2.7% | $102,087 +9.4% |
| 2023 | $7,366 -9.3% | $93,324 -3.7% |
| 2022 | $8,126 +3.1% | $96,900 +4.2% |
| 2021 | $7,883 +1.4% | $93,003 +3.9% |
| 2020 | $7,773 | $89,486 +3.3% |
| 2019 | -- | $86,611 +4.3% |
| 2018 | $7,825 -0.4% | $83,033 +5% |
| 2017 | $7,855 +1% | $79,072 +6.7% |
| 2016 | $7,776 | $74,135 +5.8% |
| 2013 | $7,776 | $70,096 -13.8% |
| 2011 | -- | $81,349 -6.8% |
| 2010 | -- | $87,294 -8.3% |
| 2009 | -- | $95,206 +2.7% |
| 2008 | -- | $92,667 +1.9% |
| 2006 | -- | $90,912 |
| 2005 | $5,756 +5.6% | $90,912 +7.4% |
| 2004 | $5,450 -0.9% | $84,664 +5.4% |
| 2003 | $5,502 +3.5% | $80,349 +4.5% |
| 2002 | $5,318 +5.5% | $76,904 +4.4% |
| 2001 | $5,039 +5.6% | $73,677 +5.3% |
| 2000 | $4,770 | $69,988 |
Find assessor info on the county website
Neighborhood: 60071
Nearby schools
GreatSchools rating
- 6/10Richmond Grade SchoolGrades: PK-5Distance: 2.7 mi
- 6/10Nippersink Middle SchoolGrades: 6-8Distance: 2.2 mi
- 8/10Richmond-Burton High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Richmond-Burton Community High S
- Middle: Richmond-Burton Community High S
- High: Richmond-Burton Community High S
- District: 157
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$406,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$406,900
- Illinois
- McHenry County
- Richmond
- 60071
- 8305 N Solon Rd