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$1,350,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 11,875 Sq. Ft.
  • Updated 1 day ago
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Excellent opportunity to acquire an amazing mixed-use investment property in the heart of Franklin Park. Located at 9620-9626 W Grand Ave, this stabilized asset features a strong income-producing unit mix consisting of 7 residential apartments and 3 commercial storefronts. The residential portion includes five 1-bedroom units and two 2-bedroom units, all fully occupied with consistent rental history. The commercial component is anchored by two solid tenants providing reliable in-place income and long-term stability. Property offers diversified cash flow with a balanced mix of residential and commercial revenue streams, making it attractive for both investors and 1031 exchange buyers. Well-positioned along Grand Avenue with strong visibility, convenient access to major transportation routes, O'Hare Airport, and surrounding retail amenities. The property benefits from steady tenant demand in a well-established rental corridor. Ideal opportunity for investors seeking a stabilized mixed-use asset with immediate cash flow and future upside potential through continued rent optimization and long-term appreciation.

Full Property Details for 9620 Grand Ave

General

  • Price: $1,350,000
  • Taxes: $26,362 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12644133
  • Updated: 5/13/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Varies

Additional Information

  • Security/Safety: Alarm Monitored, Fire Extinguisher(s), Smoke or Fire Protectors, Sprinklers, Carbon Monoxide Detector(s)

Location

  • Area: Franklin Park
  • County: Cook
  • Township: Leyden
  • Driving Directions: Heading South on Rose Street, turn west on grand and you will find parking for the building immediately turning north on Gustav
  • Location Details: Chicago West, High Traffic Area

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Window Unit(s)
  • Heating Type: Central Building Heat, Radiators

Utilities

  • Water: Municipal Water
  • Trash: 3542
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Construction: Brick, Concrete, Block, Aluminum Siding
  • Exterior Const.: Brick, Concrete, Block, Aluminum Siding
  • Foundation: Concrete Perimeter
  • Roof: Reflective Coating, Rubber
  • Loading: Exterior, Drive-In Doors, Service Entrance
  • Sub-Flooring: Varies
  • Stories/Levels: 2
  • Square Feet: 11,875
  • Current Bldg. Use: Commercial
  • # of Stores: 1
  • Year Built: 1961
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 9
  • Units w/Refrigerators: 7
  • Units w/Range/Oven: 7
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 25,398
  • Lot Dimensions: .6 acres
  • Frontage: City Street
  • Zoning: OTHER

Financial Considerations

  • Lease Price: $1
  • Insurance Fee: $13,434
  • Operating Expenses: $104,657
  • Other Fee: $29,404
  • Security Deposit: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors, Sprinklers, Carbon Monoxide Detector(s)
  • Assessment Year: 1961
  • Tax Amount: $26,362.28
  • Tax Year: 2025
  • Tenant Pays: Electricity
  • Pays Electric: 15064
  • Pays Trash: 3542

Disclosures and Reports

  • Documents Avail.: Rent Roll, Leases, Operating Statement
  • Property ID: 12282330290000

Listed by Aria Real Estate

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— 9620 Grand Ave —

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Schools serving 9620 Grand Ave

School Districts:Franklin Park School District 84, Leyden Community High School District 212
NameGradesDistance
Passow Elementary School
2838 Calwagner Street, Franklin Park, IL 60131
K-50.1 mi
Hester Jr High School
2836 Gustav Street, Franklin Park, IL 60131
6-80.1 mi
East Leyden High School
3400 Rose Street, Franklin Park, IL 60131
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 9620 Grand Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$1,350,000
74.19%
MLS
5/09/2000
Sold
$775,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 9620 Grand Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,742
-3%
$15,441
—
2022
$4,893
10%
$15,441
37%
2021
$4,454
5%
$11,246
—
2020
$4,238
9%
$11,246
—
2019
$3,896
-50%
$11,246
-42%
2018
$7,771
1%
$19,258
—
2017
$7,659
8%
$19,258
—
2016
$7,118
36%
$19,258
44%
2015
$5,237
3%
$13,412
—
2014
$5,099
8%
$13,412
—
2013
$4,726
-2%
$13,412
-8%
2012
$4,826
—
$14,529
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Mireille Sabatini (708) 600-1902

9620 Grand Avenue, Franklin Park, IL 60131 (MLS# 12644133) is a Commercial property. 9620 Grand Avenue is currently listed for $1,350,000 and was received on May 13, 2026. Want to learn more about 9620 Grand Avenue? Do you have questions about finding other Commercial real estate for sale in Franklin Park? You can browse all Franklin Park real estate or contact a Coldwell Banker agent to request more information.

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