$916,000
SOLD JUL 10, 2025

8225 W Belmont Ave River Grove, IL 60171

-- Bed
-- Bath
5,202 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$176 Per Sq Ft

5% Above List Price

7 Days on Market

Highlights

  • Laundry Room
  • Storage Room
  • Baseboard Heating

About This Home

As of July 2025

Exceptional Investment Opportunity in River Grove, IL Add a solid, income-generating asset to your portfolio with this well-maintained 6-unit building located in a prime River Grove location. The property features four spacious 2-bedroom, 1-bath units and two 1-bedroom, 1-bath garden apartments, offering a great mix for tenant demand. Recent updates include a brand new roof (2025) and a newer hot water tank (less than 5 years old). Additional highlights: * Coin-operated laundry (owner-owned) for added income * 6 dedicated parking spaces * Private storage unit for each apartment. A rare opportunity to acquire a turnkey property in a high-demand rental area. Don't miss out-schedule your showing today!

Last Agent to Sell the Property

Barbara Stefanovic

@properties Christie's International Real Estate License #475214367 Listed on: 05/12/2025

@properties Christie's International Real Estate

Last Buyer's Agent

Dmytro Bezrukavyi

KOMAR License #475195911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,746

Year Built

  • Built in 1969

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,202 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $420
  • Fuel Expense $4,800
  • Insurance Expense $1,943
  • Maintenance Expense $500
  • Trash Expense $1,020
  • Water Sewer Expense $3,800
  • Operating Expense $12,113
  • Gross Income $100,800
  • Net Operating Income $67,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,746

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 875000
  • Roof: Composition
  • Roof Structure: Pitched

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters
  • Water Source: Municipal Water
  • Heat/Ventilation: Baseboard

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Trash Expense: 1020
  • Water Sewer Expenses: 3800
  • Janitor Expense: 2000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7085
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 5202

Multi Family

  • Net Operating Income: 67941
  • Fuel Expense: 4800
  • Insurance Expense: 1943
  • ElectricExpense: 420
  • GrossIncome: 100800
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 12113
  • Expense Year: 2024
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 20745.99
  • Tax Year: 2023

Range of Values:

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Sold Price
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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
07/10/2025 07/10/25 Sold $916,000 +4.7% $176 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $875,000 -- $168 / Sq Ft
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: 12331249

Midwest Real Estate Data (MRED)