8824 Cherry AVE, River Grove, IL 60171 - MLS#12454642

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Ashley Dirks

redefinedliving@ashleydirks.com +1(530) 864-4808

$690,000

Est. payment - /mo

8 Beds

5 Baths

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UPDATED:

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

Lot Dimensions 3706 SQFT

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

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Equipment Water Heater-Gas

Fireplace N

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

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Read Less Info

Listed by Rose Toma • @properties Christie's International Real Estate

8824 Cherry AVE River Grove, IL 60171