28
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$1,050,000
Est. payment /mo
4,200 SqFt
New
8038 Grand AVE River Grove, IL 60171
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $250
MLS Listing ID 12741653
Maintenance Fees $5,661
Year Built 1968
Annual Tax Amount $22,447
Tax Year 2025
Lot Dimensions 6000
Property Sub-Type Multi Family 5+
Property 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.
Location
State IL
County Cook
Area River Grove
Zoning MULTI
Rooms
Basement Partially Finished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
Others
HOA Fee Include None
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Listed by Ryan Rahim of Re/Max Cityview
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