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$680,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 1 Car Garage
  • Updated 7 hours ago
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Welcome to 8824 Cherry - A Turnkey Investment/money making Opportunity! Investors and potentially owner-occupant! This legal 3-unit building is a proven money maker w/ long-term tenants in place and low rents. Fully rented and well-maintained, w/ a lot of room to increase rental amounts to market rates. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath & includes the newer oversized garage spot & has a private dedicated washer/dryer closet, right outside the door. Middle floor has 3 good sized bedrooms 1 1/2 baths, was completely remodeld w/ beautiful finishes, rent here could much higher...Top floor same floor plan as middle floor and in good condition. No history of flooding in this building. Large front side driveway big enough to fit 6 exterior cars. All leases expire 4.30.2026. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 6-7 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!

Full Property Details for 8824 Cherry Ave

General

  • Price: $680,000
  • Taxes: $14,228 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12580377
  • Updated: 3/1/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Equipment: Water Heater-Gas
  • Other Features: Flood Zone (Partial)

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 7
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Assigned, Off-Street, Side Apron, Driveway, Additional Parking, Direct Access, Storage, Owned, Garage

Location

  • Area: River Grove
  • County: Cook
  • Township: Leyden
  • Driving Directions: River Road, North of Grand Ave and South of Belmont Ave

School Information

  • School District: 85.5
  • Elem School District: 85.5
  • Midd School District: 85.5
  • High School District: 212
  • Elementary School: River Grove Elementary School
  • Middle School: River Grove Elementary School
  • High School: East Leyden High School
  • Private School: East Leyden High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Trash: 1080

Structural Information

  • Model: 3 UNIT PROPERTY
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1965
  • Built Before 1978: Yes
  • Remodeled/Updated: 2020

Unit Information

  • Units in Building: 3

Manufactured Home

  • Model: 3 UNIT PROPERTY

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3706 SQFT
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $4,100
  • Parking Included: Yes
  • Assessment Year: 1965
  • Tax Amount: $14,228
  • Tax Year: 2023
  • Pays Electric: 650
  • Pays Trash: 1080
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 12272210670000

Listed by @properties Christie's International Real Estate

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— 8824 Cherry Ave —

  • @properties Christie's International Real Estate

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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 8824 Cherry 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-80.6 mi
East Leyden High School
3400 Rose Street, Franklin Park, IL 60131
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8824 Cherry Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$680,000
29.52%
MLS
3/07/2022
Sold
$525,000
—
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 8824 Cherry Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,228
11%
$43,999
—
2022
$12,864
35%
$43,999
53%
2021
$9,549
-7%
$28,726
—
2020
$10,260
-3%
$28,726
-15%
2019
$10,546
11%
$33,638
23%
2018
$9,484
32%
$27,343
—
2017
$7,165
-14%
$27,343
—
2016
$8,299
11%
$27,343
18%
2015
$7,480
1%
$23,121
—
2014
$7,410
18%
$23,121
—
2013
$6,301
-15%
$23,121
-23%
2012
$7,448
—
$30,067
—
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 @properties Christie's International Real Estate

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8824 Cherry Avenue, River Grove, IL 60171 (MLS# 12580377) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 8824 Cherry Avenue is currently listed for $680,000 and was received on March 01, 2026. Want to learn more about 8824 Cherry Avenue? Do you have questions about finding other Multi-Family 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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