8824 Cherry AVE new Save Request In-Person Tour Request Virtual Tour
River Grove,IL 60171
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12454642
Bedrooms 8
Year Built 1965
Annual Tax Amount $14,228
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Cook
Area River Grove
Zoning MULTI
Interior
Heating Natural Gas
Equipment Water Heater-Gas
Exterior
Garage Spaces 1.0
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools River Grove Elementary School
Middle Schools River Grove Elementary School
High Schools East Leyden High School
School District 85.5 ,85.5, 212
Others
Special Listing Condition List Broker Must Accompany