$1,050,000

8038 Grand Avenue, River Grove, IL 60171

Active

beds 0 baths Built 1968 Commercial Sale MLS #MRD12741653 1 days on market

Listing courtesy of Re/Max Cityview · 773-631-8260 · MLS #MRD12741653 · Status: Active

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.

Property details

Interior

Fireplaces: 0
Basement: Partially Finished

Building & exterior

Exterior: Brick
Roof: Composition
Foundation: Concrete Perimeter

Lot & location

Lot dimensions: 6000
Township: Leyden
County: Cook

Utilities

Cooling: Window Unit(s)
Water: Municipal Water
Electricity: Circuit Breakers

HOA & community

Assessment includes: None

Taxes & terms

Annual taxes: $22,447 (2025)
Parcel number (PIN): 12264070160000
PIN: 12264070160000
Possession: Closing
Listed: 8/25/2026

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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