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$1,050,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,200 Sq. Ft.
  • Updated 5 hours ago
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Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4,200 SF of building area on a 6,000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111,060 annually, with reported annual expenses of approximately $42,725 and an estimated $68,334 NOI, reflecting a 6.51 cap rate at the list price of $1,050,000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.

Full Property Details for 8038 Grand Ave

General

  • Price: $1,050,000
  • HOA FEE: $5,661
  • Taxes: $22,447 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12741653
  • Updated: Today (8/25/2026)
  • Added to Site: Today

Interior

  • Basement: Partially
  • Interior Features: Inside Corridor(s), Laundry Room

Additional Information

  • Security/Safety: Smoke or Fire Protectors

Location

  • Area: River Grove
  • County: Cook
  • Township: Leyden
  • Driving Directions: Cumberland to Grand east 5 blocks

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Hot Water

Utilities

  • Water: Municipal Water
  • Trash: 1764

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 4,200
  • Current Bldg. Use: Multi-Family
  • Year Built: 1968
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 6,000
  • Lot Dimensions: 6000
  • Frontage: City Street
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $5,661
  • Insurance Fee: $5,918
  • Operating Expenses: $42,725
  • Security Deposit: Smoke or Fire Protectors
  • Assessment Year: 1968
  • Tax Amount: $22,447
  • Tax Year: 2025
  • Tenant Pays: Electricity
  • Pays Electric: 988
  • Pays Trash: 1764

Disclosures and Reports

  • Documents Avail.: Rent Roll
  • Property ID: 12264070160000

Listed by Re/Max Cityview

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— 8038 Grand Ave —

  • Re/Max Cityview

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 8038 Grand Ave

School Districts:River Grove School District 85-5, Leyden Community High School District 212
NameGradesDistance
River Grove Elementary School
2650 North Thatcher Avenue, River Grove, IL 60171
PK-80.5 mi
East Leyden High School
3400 Rose Street, Franklin Park, IL 60131
9-122.2 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 8038 Grand Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/25/2026
Listed
$1,050,000
56.02%
MLS
4/11/2023
Sold
$673,000
—
Public Record
Get Price Alerts and Save Property
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 8038 Grand Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,402
—
$72,000
20%
2023
$19,402
2%
$59,999
—
2022
$19,021
18%
$59,999
40%
2021
$16,112
5%
$42,850
—
2020
$15,305
-3%
$42,850
-15%
2019
$15,732
13%
$50,176
25%
2018
$13,908
1%
$40,096
—
2017
$13,742
13%
$40,096
—
2016
$12,170
10%
$40,096
17%
2015
$11,093
1%
$34,289
—
2014
$10,989
4%
$34,289
—
2013
$10,544
-7%
$34,289
-19%
2012
$11,390
—
$42,166
—
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 Re/Max Cityview

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8038 Grand Avenue, River Grove, IL 60171 (MLS# 12741653) is a Commercial property. 8038 Grand Avenue is currently listed for $1,050,000 and was received on August 25, 2026. Want to learn more about 8038 Grand Avenue? Do you have questions about finding other Commercial real estate for sale in River Grove? You can browse all River Grove real estate or contact a Coldwell Banker agent to request more information.

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