$ 1,050,000
-
$1,050,000
Price -
4,200
SqFt -
0.14
Acre
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About the Listing 15904 - 153676,250722
Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4,200 SF of building area on a 6,000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111,060 annually, with reported annual expenses of approximately $42,725 and an estimated $68,334 NOI, reflecting a 6.51 cap rate at the list price of $1,050,000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.
Listing Highlights for 8038 Grand Ave
Interior Details
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water
- Fireplaces: 0
- Floor:
- Basement: Partially Finished
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 6000
- Zoning: MULTI
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Assigned Spaces,Paved
Financial Details
- Tax Amount: $22,447
- Taxes w/Assessments: N/A
- Tax/Property ID: 12264070160000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
8038 Grand Ave River Grove, IL 60171
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