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$989,900 Just Listed
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Property Description
Excellent Investment Opportunity! Add this fully occupied, well-maintained brick 6-unit to your investment portfolio. Featuring six 2-bedroom, 1-bath units, this income-producing property offers approximately 5,773 square feet of building space on a 50' x 124' lot. Each unit is separately metered for electric, with tenants responsible for their own electric usage, helping simplify operating expenses. All six units include a range and refrigerator, hot water baseboard heat with individual thermostats, and window A/C units. Tenant conveniences include an on-site laundry room with two coin operated washers and two coin operated dryers, dedicated storage for each unit, and operated six rear parking spaces. The property is currently fully occupied, providing an investor with established tenancy from day one. Long-time ownership and consistent maintenance add to the appeal of this solid investment property. Conveniently located near public transportation, schools, shopping, and area amenities. A great opportunity to acquire an established multi-unit property with immediate rental income and long-term investment potential. This property will convey up to code per Village of River Grove Pre-sale inspection.
Full Property Details
Full Property Details for 8609 W Grand Ave
General
- Price: $989,900
- HOA FEE: $3,089
- Taxes: $22,683 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12720675
Interior
- Interior Features: Laundry Room
Location
- Area: River Grove
- County: Cook
- Township: Leyden
- Driving Directions: River Road to Grand Avenue, East to 8609 W. Grand Avenue
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Hot Water, Baseboard
Utilities
- Trash: 945
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Composition
- Stories/Levels: 3
- Square Feet: 5,773
- Current Bldg. Use: Multi-Family
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 50 x 124
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $3,089
- Insurance Fee: $4,302
- Operating Expenses: $38,138
- Assessment Year: 1960
- Tax Amount: $22,683.62
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 574
- Pays Trash: 945
Disclosures and Reports
- Property ID: 12263070130000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 8609 W Grand Ave
School Districts:River Grove School District 85-5, Leyden Community High School District 212
| Name | Grades | Distance |
|---|---|---|
River Grove Elementary School 2650 North Thatcher Avenue, River Grove, IL 60171 | PK-8 | 0.2 mi |
East Leyden High School 3400 Rose Street, Franklin Park, IL 60131 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 8609 W Grand Ave
8609 W Grand Avenue, River Grove, IL 60171 (MLS# 12720675) is a Commercial property. 8609 W Grand Avenue is currently listed for $989,900 and was received on September 10, 2026. This property is listed by Lynn Bjorvik from our McMullen/O'Hare Office.Want to learn more about 8609 W 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.



