9620 Grand Avenue Franklin Park, IL $ 1,295,000
9620 Grand Avenue
$ 1,295,000
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9620 Grand Avenue

Franklin Park, IL, 60131
$ 1,295,000
Bedrooms3 Baths0.0 Sq 11,875

Monthly Estimate*

$ 7,974

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Multi-Family Home for sale in Franklin Park, IL

for $1,295,000 with 3 bedrooms. This 11,875 square foot home was built in 1961 on a lot size of 0.583058.

Excellent opportunity to acquire an amazing 8.0% cap rate 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. Possibility of seller financing

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Multi-Family Active

Price

$ 1,295,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 26,064

Style

Lot Size

0.583058

Year Built

1961

Town/City

Franklin Park

County/Region

Cook

MLS | Web ID

12680538

Features
General
Cooling Central Air Window Unit(s)
Utilities 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
Tax Year 2025
Gross Income 167220
Additional Parcels Description 12282330270000 12282330280000 12282330280000 12282330470000
County Cook
Net Operating Income 91541
Operating Expense 75678
Insurance Expense 13434
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
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 26064.18
Electric Expense 12521
Fuel Expense 0
Trash Expense 3542
Water Sewer Expense 6742
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 7.5
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Interior
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

Affordability Calculator

$10,146
Per Month
79%
21%
0%
Monthly Principal & Interest
$7,974
Monthly Property Taxes
$2,172
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$1,295,000 Listed Price

Map


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9620 Grand Avenue, Franklin Park, IL, 60131 is a Multi-Family Home for sale at $1,295,000 with 11,875 sqft and a lot size of 0.583058. 9620 Grand Avenue has 3 bedrooms, 0.0 baths, and was built in 1961. The property's zip code is 60131 which is in Franklin Park, IL