Closed
$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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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#: 12172005
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
| Date | Event | Price |
|---|---|---|
| 11/21/2024 | Sold | $510,000-9.7% |
Source: | ||
| 10/29/2024 | Contingent | $565,000 |
Source: | ||
| 10/15/2024 | Price change | $565,000-3.4% |
Source: | ||
| 9/24/2024 | Listed for sale | $585,000-1.7% |
Source: | ||
| 9/1/2024 | Listing removed | $595,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
- 9/10River Grove Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 6/10East Leyden High SchoolGrades: 9-12Distance: 1.6 mi
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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$537,300
2% more+ $10,746
With Zillow Showcase(estimated)
$548,046

