8250 W Grand Ave River Grove, IL 60171
Estimated payment $4,863/month
Highlights
- Property is near public transit
- River Grove School Rated 9+
- Central Heating
About This Home
Investment Opportunity in River Grove! Seize the chance to own a unique 6-unit building in the thriving West Cook community of River Grove, where growth and positive change are everywhere! This non-conforming property consists of five spacious 2-bedroom units and one 1-bedroom unit in the basement all generously sized due to the building's layout. Recent updates include improved rear decking, the hot water boiler is only six years old, and Hot water heater 2025! Each unit is separately metered for cooking gas and electricity, providing efficiency and convenience. The property features general storage in the basement, parking for 5 cars, and off-street parking options. Owner-supplied refrigerators and stoves are included, and with no leases in place, this is the perfect opportunity to select your own tenants or house family members. Income and Expenses are from 2024! A 2025 Market Rent Research shows Rentals for this area to be in $1650 a month. River Grove offers a blend of small-town charm and city accessibility, with amenities such as scenic river trails along the Des Plaines River, vibrant festivals, and proximity to Triton College. Don't miss this fantastic chance to invest in a high-demand rental market!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,169
Year Built
- Built in 1930
Lot Details
- 4,980 Sq Ft Lot
- Lot Dimensions are 50x125
Home Design
- Mixed Use
- Gable Roof Shape
- Brick Exterior Construction
- Composition Roof
- Concrete Block And Stucco Construction
- Concrete Perimeter Foundation
Interior Spaces
- 4,092 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
Location
- Property is near public transit
Utilities
- No Cooling
- Central Heating
- Radiator
- Heating System Uses Gas
- No Utilities
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,450
- Fuel Expense $2,816
- Insurance Expense $1,100
- Maintenance Expense $4,390
- Other Expense $1,798
- Trash Expense $1,143
- Water Sewer Expense $1,901
- Operating Expense $31,767
- Gross Income $72,480
- Net Operating Income $40,713
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $659,900 | -- | $161 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12463353
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