8609 W Grand Avenue River Grove, IL $ 989,900
8609 W Grand Avenue
$ 989,900
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8609 W Grand Avenue

River Grove, IL, 60171
$ 989,900
Bedrooms2 Baths0.0 Sq 5,773

Monthly Estimate*

$ 6,837

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Multi-Family Home for sale in River Grove, IL

for $989,900 with 2 bedrooms. This 5,773 square foot home was built in 1960 on a lot size of 0.07174.

Excellent Investment Opportunity! Add this fully occupied, well-maintained brick 6-unit to your investment portfolio. Featuring six 2-bedroom, 1-bath units, this income-producing property offers approximately 5,773 square feet of building space on a 50' x 124' lot. Each unit is separately metered for electric, with tenants responsible for their own electric usage, helping simplify operating expenses. All six units include a range and refrigerator, hot water baseboard heat with individual thermostats, and window A/C units. Tenant conveniences include an on-site laundry room with two coin operated washers and two coin operated dryers, dedicated storage for each unit, and operated six rear parking spaces. The property is currently fully occupied, providing an investor with established tenancy from day one. Long-time ownership and consistent maintenance add to the appeal of this solid investment property. Conveniently located near public transportation, schools, shopping, and area amenities. A great opportunity to acquire an established multi-unit property with immediate rental income and long-term investment potential. This property will convey up to code per Village of River Grove Pre-sale inspection.

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Multi-Family Active

Price

$ 989,900

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 22,683

Style

Multi-Family

Lot Size

0.07174

Year Built

1960

Town/City

River Grove

County/Region

Cook

MLS | Web ID

12720675

Features
General
Cooling Window Unit(s)
Possession Closing
Roof Composition
Zoning MULTI
Construction Materials Brick
Year Built 1960
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 3
Township Leyden
Tax Year 2024
Current Use Multi-Family
Gross Income 73925
Additional Parcels Description 12263070140000
County Cook
Net Operating Income 35786
Operating Expense 38138
Insurance Expense 4302
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 3089
Status Active
Directions River Road to Grand Avenue East to 8609 W. Grand Avenue
City River Grove
Number Of Units Total 6
MLS Area River Grove
Lot Size Square Feet 3125
Tax Annual Amount 22683.62
Electric Expense 574
Fuel Expense 2452
Trash Expense 945
Water Sewer Expense 3401
Additional Parcels Y/N Y
Standard Status Active
Cap Rate 3.6
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Exterior
Building Area Total 5773
Lot Dimensions 50 x 124
Frontage Type City Street
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* Excluded Features
List By
Coldwell Banker Realty

Broker

lynn.bjorvik@cbexchange.com;jlteamrealtors@gmail.com

Email

Affordability Calculator

$8,727
Per Month
78%
22%
0%
Monthly Principal & Interest
$6,837
Monthly Property Taxes
$1,890
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/10/2026$989,900 Listed Price

Map


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8609 W Grand Avenue, River Grove, IL, 60171 is a Multi-Family Home for sale at $989,900 with 5,773 sqft and a lot size of 0.07174. 8609 W Grand Avenue has 2 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 60171 which is in River Grove, IL