9620 Grand Avenue Franklin Park, IL $ 1,350,000
9620 Grand Avenue
$ 1,350,000
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9620 Grand Avenue

Franklin Park, IL, 60131
$ 1,350,000
Bedrooms-- Baths-- Sq 11,875
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Property for Rent in Franklin Park, IL

for $1,350,000. This 11,875 square foot property was built in 1961 on a lot size of 0.583058.

Excellent opportunity to acquire an amazing mixed-use investment property in the heart of Franklin Park. Located at 9620-9626 W Grand Ave, this stabilized asset features a strong income-producing unit mix consisting of 7 residential apartments and 3 commercial storefronts. The residential portion includes five 1-bedroom units and two 2-bedroom units, all fully occupied with consistent rental history. The commercial component is anchored by two solid tenants providing reliable in-place income and long-term stability. Property offers diversified cash flow with a balanced mix of residential and commercial revenue streams, making it attractive for both investors and 1031 exchange buyers. Well-positioned along Grand Avenue with strong visibility, convenient access to major transportation routes, O'Hare Airport, and surrounding retail amenities. The property benefits from steady tenant demand in a well-established rental corridor. Ideal opportunity for investors seeking a stabilized mixed-use asset with immediate cash flow and future upside potential through continued rent optimization and long-term appreciation.

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Rental Active

Price

$ 1,350,000

Taxes

$ 26,362

Style

Commercial

Lot Size

0.583058

Year Built

1961

Town/City

Franklin Park

County/Region

Cook

MLS | Web ID

12644133

Features
General
Cooling Central Air Window Unit(s)
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Reflective Coating Rubber
Zoning OTHER
Construction Materials Brick Concrete Block Aluminum Siding
Year Built 1961
Electric Circuit Breakers Fuses Separate Meters Service - 201 to 600 Amps
Tenant Pays Electricity
Stories Count 2
Township Leyden
Property Subtype Mixed Use
Tax Year 2025
Current Use Commercial
Gross Income 154917
Additional Parcels Description 12282330270000 12282330300000 12282330280000 12282330470000
County Cook
Net Operating Income 50260
Operating Expense 104657
Insurance Expense 13434
Property Type Commercial Sale Mixed Use
Status New
Directions Heading South on Rose Street turn west on grand and you will find parking for the building immediately turning north on Gustav
City Franklin Park
Number Of Units Total 10
MLS Area Franklin Park
Lot Size Square Feet 25398
Tax Annual Amount 26362.28
Electric Expense 15064
Fuel Expense 4857
Trash Expense 3542
Water Sewer Expense 12650
Additional Parcels Y/N Y
Lease Type Modified Gross
Standard Status Active
Total Actual Rent 13805
Cap Rate 7.5
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Interior
Flooring Varies
Total Fireplaces 0
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 11875
Lot Dimensions .6 acres
Frontage Type City Street
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* Excluded Features
List By
Aria Real Estate

Broker

jake@ariare.net;jakeblieden@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/13/2026$1,350,000 Listed Price

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9620 Grand Avenue, Franklin Park, IL, 60131 is a Property for Rent at $1,350,000 with 11,875 sqft and a lot size of 0.583058. 9620 Grand Avenue was built in 1961. The property's zip code is 60131 which is in Franklin Park, IL