NOT LISTED FOR SALE

8674 Grand Ave River Grove, IL 60171

11 Beds
6 Baths
-- Sq Ft
1969 Built

Last Sold March 15, 2024

Last sale price $860,000

4 Days on Market

About This Home

As of March 2024

The subject investment properties consist of (2) six-unit buildings located next door to each (8670 and 8674 W Grand Ave). The properties have been well-maintained by the same ownership for nearly twenty (20) years. Ownership will consider selling the properties individually. Each building consists of one (1) 1 bed / 1 bath and five (5) 2 bed / 1 bath units. The units are heated by baseboard heat and cooled with individual wall A/C units. The properties have seen recent capital improvements including new roofs, soffits and gutters. Each property features over 1:1 parking, tenant storage and common laundry.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 01/29/2024

Last Buyer's Agent

Rafal Szypcio

Coldwell Banker Real Estate Group License #475192968

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,922

Year Built

  • Built in 1969

Interior Spaces

  • 3-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $462
  • Fuel Expense $3,684
  • Insurance Expense $3,290
  • Maintenance Expense $1,500
  • Other Expense $1,500
  • Trash Expense $1,020
  • Water Sewer Expense $4,264
  • Operating Expense $41,249
  • Gross Income $95,400
  • Net Operating Income $55,669

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,922

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Room: 4
  • Room: 4
  • Room: 0

Exterior Features

  • List Price: 825000

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 1020
  • Water Sewer Expenses: 4264
  • Janitor Expense: 4607

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6950

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 2

Multi Family

  • Net Operating Income: 55669
  • Fuel Expense: 3684
  • Insurance Expense: 3290
  • ElectricExpense: 462
  • GrossIncome: 95400
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 41249
  • Expense Year: 2023
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 20922
  • Tax Year: 2022

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/15/2024 03/15/24 Sold $860,000 +4.2% --
02/04/2024 02/04/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $825,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11969883

Midwest Real Estate Data (MRED)