$ 1,295,000
-
$1,295,000
Price -
0
Bed -
0
Bath -
11,875
SqFt
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About the Listing 88563 - 1018369,874988
Excellent opportunity to acquire an amazing 7.5% 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
Listing Highlights
Status
Active
Days on Site
29
Property Type
Multi-Family
MLS ®
12680538
Year Built
1961
Total Square Footage
11,875
Lot/Acreage
0.58
County
Cook
Area
Franklin Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Central Bldg Heat,Radiators
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: .6 acres
- Zoning: OTHER
- Roof: Reflective Coating,Rubber
- Others:
- Sewer:
- Parking Features: 19-30 Spaces,Detached
Financial Details
- Tax Amount: $26,064
- Taxes w/Assessments: N/A
- Tax/Property ID: 12282330290000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
9620 Grand Ave Franklin Park, IL 60131
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