NOT LISTED FOR SALE

8820 Cherry Ave River Grove, IL 60171

8 Beds
5 Baths
-- Sq Ft
1967 Built

Last Sold November 15, 2018

Last sale price $330,000

21 Days on Market

Highlights

  • Brownstone
  • Heating System Uses Steam
  • Paved or Partially Paved Lot
  • River Grove School Rated 9+

About This Home

As of November 2018

Look no further fantastic investment opportunity legal 3-flat. Live in one unit and rent the others OR rent all 3 Units. Garden unit completely gutted in 2013. Low Taxes, Regular Sale. New windows and custom organizers in closets throughout the building. 1st & 2nd floor have 3bedrooms, 1.1baths. Garden unit has 2bedrooms, 1 bath. On-site parking spaces. Tenants are currently Month-To-Month. River Grove Elementary, Guerin College Prep & Holy Cross High School are nearby. There are plenty of parks including La Framboise Reserve & River Front Park. Transportation close by includes River Grove Metra station and I-294, I-290 expressways to get to downtown. For access to tons of retail shops and restaurants Harlem and Irving Plaza Mall also 10 minutes way. Please note: Property is in a a flood zone area.

Last Agent to Sell the Property

Sonia Figueroa

Turn Key Realty Solutions License #471003220 Listed on: 10/04/2018

Last Buyer's Agent

Maria Baran

RE/MAX Enterprises License #475101882

RE/MAX Enterprises

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,120

Year Built

  • Built in 1967

Lot Details

  • Paved or Partially Paved Lot

Home Design

  • Brownstone
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,120

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Flood Zone
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • 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
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Dimensions: 2904 IRREGULAR
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 4120.48
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat
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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 List to Sale Price per Sq Ft
11/15/2018 11/15/18 Sold $330,000 -10.6% --
10/25/2018 10/25/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $369,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,348 $42,000 $3,630 $38,370
2024 $10,348 $32,000 $3,049 $28,951
2023 $10,144 $32,000 $3,049 $28,951
2022 $10,144 $32,000 $3,049 $28,951
2021 $7,908 $21,032 $2,178 $18,854
2020 $6,127 $17,155 $2,178 $14,977
2019 $8,574 $27,348 $2,178 $25,170
2018 $8,561 $24,682 $1,887 $22,795
2017 $8,459 $24,682 $1,887 $22,795
2016 $7,492 $24,682 $1,887 $22,795
2015 $5,426 $16,773 $1,669 $15,104
2014 $5,375 $16,773 $1,669 $15,104
2013 $5,158 $16,773 $1,669 $15,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10103378

Midwest Real Estate Data (MRED)