River Grove, IL 60171,8827 Grand AVE
River Grove, IL 60171,8827 Grand AVE
River Grove, IL 60171,8827 Grand AVE
6
$800,000
$900,000
11.1%
Est.Price: ?

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8827 Grand AVE River Grove, IL 60171

Est. payment /mo
SOLD DATE : 05/09/2025

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Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12290683

Year Built 1965

Annual Tax Amount $25,236

Tax Year 2023

Property Sub-Type Mixed Use

Property Description

8827 Grand Avenue, a seven unit mixed use property located in River Grove, Illinois. The subject property consists of five two-bedroom / one and one-half bathroom apartments and two retail spaces. The retail spaces are occupied by local service-oriented tenants. The apartment units have been renovated with various updates over the years. Four units have individual boilers and one apartment has radiant heat. Tenants are responsible for their own heat and electricity. Recent capital improvements include newer apartment windows, water heater and rear porch. On-site amenities include five parking spaces, laundry facility and storage lockers. This opportunity allows for a new investor or owner-user the ability to acquire a well-maintained, mixed-use asset located in a desirable River Grove location. New ownership can increase cashflow by bringing rents to market and marketing for the five parking spaces.

Location

State IL

County Cook

Area River Grove

Interior

Cooling Central Air

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Midwest Real Estate Data (MRED) IDX
Listed by Alex Bok of  Cross Street Real Estate 
Bought with Non Member of NON MEMBER

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Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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