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  • $510,000

    8530 Grand Ave, River Grove, IL 60171

    6beds
    --sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $537,300 Zestimate®
    $--/sqft
    $2,521 Estimated rent

    Home value

    $537,300

    $478,000 - $602,000

    $2,521/mo

    Zestimate® history
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    $3,478/mo

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    What's special

    Discover this exceptional mixed-use four-unit building situated on Grand Ave in the vibrant heart of River Grove! Surrounded by new development, dining and just steps from Starbucks, this property boasts a prime location. Enjoy effortless access to public transportation, with the Blue Line within blocks, expressways, O'Hare Airport, and downtown Chicago all within easy reach, ensuring a seamless commute. Whether you're a business owner, investor, or looking for owner occupancy, this property is a perfect opportunity to maximize your investment potential. Head upstairs to find a spacious "owner's unit" apartment featuring three bedrooms, a full bath, and a half bath. The rear unit on the top floor includes two bedrooms, one bath, and a private rooftop deck. Conveniently, this unit provides direct access to the two-car garage without stepping outside. The ground floor features a 950-square-foot storefront with two half baths, previously operated as a hair salon and currently available for new opportunities. Toward the rear of the building is a cozy one-bedroom, one-bathroom apartment. The ground floor is complete with a convenient laundry/utility room.The roof was completely replaced (tear-off) in 2021, providing the new owner with peace of mind for years to come. Offering a generous 4,400 square feet of space, this property is brimming with potential!

    Zillow last checked: 8 hours ago

    Listing updated: November 22, 2024 at 07:59am

    Listing courtesy of:

    John Warren 847-894-2433,

    Forte Properties, Inc.,

    Sharon Knickerbocker 315-727-2028,

    Forte Properties, Inc.

    Bought with:

    Martha Lozano

    RE/MAX City

    Source: MRED as distributed by MLS GRID,MLS#: 12172005MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 3
    • 1/2 bathrooms: 3
    Heating
    • Baseboard
    Features
    • Basement: None

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Tandem, On Site, Garage Owned, Attached, Garage
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio
    • Exterior features: Balcony
    Lot
    • Size: 3,484 sqft
    • Dimensions: 25X150
    Details
    • Parcel number: 12263020130000
    • Zoning: MULTI
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & neighborhood

    Location
    • Region: River Grove

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/21/2024Sold$510,000-9.7%
    Source: MRED as distributed by MLS GRID #12172005
    10/29/2024Contingent$565,000
    Source: MRED as distributed by MLS GRID #12172005
    10/15/2024Price change$565,000-3.4%
    Source: MRED as distributed by MLS GRID #12172005
    9/24/2024Listed for sale$585,000-1.7%
    Source: MRED as distributed by MLS GRID #12172005
    9/1/2024Listing removed$595,000
    Source: MRED as distributed by MLS GRID #12144824

    Public tax history

    YearProperty taxesTax assessment
    2023$13,905 +2%$42,999
    2022$13,631 +49%$42,999 +76.7%
    2021$9,151 +5.3%$24,339

    Find assessor info on the county website

    Neighborhood: 60171

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: River Grove Elementary School
    • Middle: River Grove Elementary School
    • High: East Leyden High School
    • District: 85.5

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $537,300
    2% more+ $10,746
    With Zillow Showcase(estimated)
    $548,046