NOT LISTED FOR SALE

8620 Grand Ave River Grove, IL 60171

12 Beds
8 Baths
-- Sq Ft
7,725 Acres

Last Sold November 24, 2020

Last sale price $830,000

359 Days on Market

About This Home

As of November 2020

All brick 8-unit. Very well-maintained with ample parking off-street. This property is 2 lots in River Grove. 100% occupied. Great opportunity for armchair investing. Owner installed a cistern in the front for preventative flood control. No basement. Coin laundry and storage lockers on first level. Oak hardwood under the carpet on 2nd and 3rd floors. 12 parking spaces. Updated kitchens.

Last Agent to Sell the Property

Billy Mayer

Compass License #475146660 Listed on: 10/08/2019

Compass

Last Buyer's Agent

Sarita Scherpereel

Kale Realty License #471022685

Kale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 7,725

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Community Details

  • Fuel Expense $4,418
  • Insurance Expense $2,906

Listing and Financial Details

  • Tenant pays for electric, hot water
  • $15,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Net Oper Income: 63421
  • Repairs Decor Expense: 3000
  • Scavenger Expense: 1405
  • Total Annual Income: 96740
  • Total Monthly Income: 7895
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Window A C: 8
  • Number Of Stories: 3
  • Estimated Year Built: 1965
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1965

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 7725.09
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Baseboard
  • Water Expense: 3970

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 632

Lot Info

  • Lot Dimensions: 151X50
  • Parcel Identification Number: 12263010070000

Rental Info

  • Gross Rental Income: 96740
  • Tenant Pays: Electric, Hot Water

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 4418
  • Insurance Expense: 2906
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 14985.8

Range of Values:

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Average Value
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List Price
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
11/24/2020 11/24/20 Sold $830,000 -12.6% --
10/01/2020 10/01/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $950,000 0.0% --
09/06/2020 09/06/20 Pending -- -- --
09/06/2020 09/06/20 For Sale $950,000 +14.5% --
08/30/2020 08/30/20 Off Market $830,000 -- --
06/05/2020 06/05/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $950,000 0.0% --
01/17/2020 01/17/20 Pending -- -- --
10/08/2019 10/08/19 For Sale $950,000 -- --
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: MRD10542742

Midwest Real Estate Data (MRED)