Residential Income for Sale: 8530 Grand, River Grove, IL 60171

6 beds
$565,000
$565,000
8530 Grand, River Grove, IL 60171
6 beds
$565,000
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Price:
$565,000
$20,000 - 10/14/2024

Type Residential Income
Beds 6
Lot Size 0.08 acres
Year Built 1964

City River Grove
County Cook
School District 212

MLS 12172005
Status Active Under Contract
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!

Room Features

Basement Description None

Lot & Building Features

Heating Baseboard
Parking Description Garage
Sewer Public Sewer
Tax Year 2023
Water Lake Michigan, Public
Lot Dimensions 25X150 ft

Community and Schools

Elementary School 85.5
Junior High School River Grove Elementary School
Senior High School East Leyden High School

Price History of 8530 Grand, River Grove, IL

Date Name Price Difference
10/14/2024 Price Adjustment $565,000 3.42%
12/31/1969 Listing Price $585,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Erin Cotter
Direct: 773-879-1060
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Forte Properties, Inc., John Warren & Sharon Knickerbocker
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1%
6.75%
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8530 Grand (MLS #12172005) is a residential income listing located in River Grove, IL. This residential income listing on a lot of 3,485 sqft (or 0.08 acres) with 6 bedrooms, 6 baths and is 51-60 Years years old. This property was listed on 09/24/2024 and has been priced for sale at $565,000.

Nearby zip codes are 60131, 60160, 60305, 60634 and 60707. This property neighbors other cities such as Chicago, Elmwood Park, Franklin Park, Melrose Park and River Forest.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Forte Properties, Inc.