NOT LISTED FOR SALE

8218 W Grand Ave River Grove, IL 60171

8 Beds
5 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold October 22, 2021

Last sale price $527,500

12 Days on Market

About This Home

As of October 2021

Turnkey investment opportunity available in River Grove! This jumbo 3 flat is fully rented with separate utilities. All units have large, spacious kitchens with eating areas, hardwood floors throughout and plenty of parking - up to 9 cars in tandem parking lanes behind the building. Units 2 and 3 have 2 FULL bathrooms. Coin laundry on the main level for additional income. Building is lovingly maintained and awaiting new owner to collect rent. Roof is 7 years old. Great building. Great value.

Last Agent to Sell the Property

Manuel Doctor

Compass License #475137123 Listed on: 08/28/2021

Compass

Last Buyer's Agent

Mark Bystrowicz

RE/MAX City License #475101812

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,043

Year Built

  • Built in 1975

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 9 Parking Spaces
  • Alley Access
  • Uncovered Parking
  • Parking Included in Price

Schools

  • River Grove Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units
  • Gross Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,043

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner

Exterior Features

  • List Price: 550000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Alley Access
  • ParkingTotal: 9
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Elementary School: River Grove Elementary School
  • Middle/Junior School: River Grove Elementary School
  • Middle/Junior School District: 85.5

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.09
  • Lot Dimensions: 4175
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 4200
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 13043
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $527,500 -4.1% --
09/11/2021 09/11/21 Pending -- -- --
08/29/2021 08/29/21 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11203539

Midwest Real Estate Data (MRED)