8038 Grand Avenue,River Grove, IL 60171
River Grove, IL 60171
Description
Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4,200 SF of building area on a 6,000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111,060 annually, with reported annual expenses of approximately $42,725 and an estimated $68,334 NOI, reflecting a 6.51 cap rate at the list price of $1,050,000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.
Details
| MLS # | 12741653 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1968 |
| Days On Site | 42 |
| Listing Provided By | Re/Max Cityview | Ryan Rahim |
Features
| SQ Feet | 4,200 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 6000.00 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 22447 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | River Grove |
| Zip Code | 60171 |
| Area | River Grove |
| Listing VS Median (in 60171) | |
Price: $1,050,000 low | high Med: $409,900 sqft: 4,200 low | high Med: 1,754 $ / sqft: $250 low | high Med: $244 On site: 42 low | high Med: 55.5 | |
Market Activity 60171
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | River Grove |
| Zip Code | 60171 |
| Area | River Grove |
| Listing VS Median (in 60171) | |
Price: $1,050,000 low | high Med: $409,900 sqft: 4,200 low | high Med: 1,754 $ / sqft: $250 low | high Med: $244 On site: 42 low | high Med: 55.5 | |
