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$ 565,000

Est. payment -/mo

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Price Dropped by $20K

8530 Grand AVE River Grove, IL 60171

6 Beds

3,484 Sqft Lot

UPDATED:

10/20/2024 05:06 AM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12172005

Bedrooms 6

Year Built 1964

Annual Tax Amount $13,904

Tax Year 2023

Lot Size 3,484 Sqft

Lot Dimensions 25X150

Property Description

Discover this exceptional mixed-use four-unit building situated on Grand Ave in the vibrant heart of River Grove! Surrounded by new development, dining and just steps from Starbucks, this property boasts a prime location. Enjoy effortless access to public transportation, with the Blue Line within blocks, expressways, O'Hare Airport, and downtown Chicago all within easy reach, ensuring a seamless commute. Whether you're a business owner, investor, or looking for owner occupancy, this property is a perfect opportunity to maximize your investment potential. Head upstairs to find a spacious "owner's unit" apartment featuring three bedrooms, a full bath, and a half bath. The rear unit on the top floor includes two bedrooms, one bath, and a private rooftop deck. Conveniently, this unit provides direct access to the two-car garage without stepping outside. The ground floor features a 950-square-foot storefront with two half baths, previously operated as a hair salon and currently available for new opportunities. Toward the rear of the building is a cozy one-bedroom, one-bathroom apartment. The ground floor is complete with a convenient laundry/utility room.The roof was completely replaced (tear-off) in 2021, providing the new owner with peace of mind for years to come. Offering a generous 4,400 square feet of space, this property is brimming with potential!

Location

State IL

County Cook

Area River Grove

Zoning MULTI

Rooms

Basement None

Interior

Heating Baseboard

Fireplace N

Exterior

Exterior Feature Balcony, Patio

Garage Attached

Garage Spaces 2.0

Waterfront false

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

Elementary Schools River Grove Elementary School

Middle Schools River Grove Elementary School

High Schools East Leyden High School

School District 85.5 , 85.5, 212

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by John Warren • Forte Properties, Inc.

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