ClosedPrice Reduced

$565,000

$585,000
8530 Grand Avenue, River Grove, IL 60171
6 Beds6 Baths34 days
8530 Grand Avenue·River Grove, IL 60171
6Bedrooms
6Bathrooms
1964Year Built
About This Home

Discover this exceptional mixed-use four-unit building situated on Grand Ave in the vibrant heart of River Grove! Surrounded by new development, dining and just steps from Starbucks, this property boasts a prime location. Enjoy effortless access to public transportation, with the Blue Line within blocks, expressways, O'Hare Airport, and downtown Chicago all within easy reach, ensuring a seamless commute. Whether you're a business owner, investor, or looking for owner occupancy, this property is a perfect opportunity to maximize your investment potential. Head upstairs to find a spacious "owner's unit" apartment featuring three bedrooms, a full bath, and a half bath. The rear unit on the top floor includes two bedrooms, one bath, and a private rooftop deck. Conveniently, this unit provides direct access to the two-car garage without stepping outside. The ground floor features a 950-square-foot storefront with two half baths, previously operated as a hair salon and currently available for new opportunities. Toward the rear of the building is a cozy one-bedroom, one-bathroom apartment. The ground floor is complete with a convenient laundry/utility room.The roof was completely replaced (tear-off) in 2021, providing the new owner with peace of mind for years to come. Offering a generous 4,400 square feet of space, this property is brimming with potential!

MLS# 12172005Listed September 24, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms6
Total Rooms16

Size & Structure

Garage Spaces2
Year Built1964
Lot Size0.080 acres

Location

CountyCook
TownshipLeyden
Zip Code60171

Financial

List Price$565,000
Original Price$585,000
Annual Taxes (2023)$13,905
Monthly Tax Est.$1,159
Parcel #12263020130000
Interior Features

Heating

Baseboard

Basement

None
Exterior & Lot

Construction

Brick

Exterior Features

Balcony

Patio & Porch

Patio
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerTandemOn SiteGarage OwnedAttachedGarage
Schools
Elementary
River Grove Elementary School
District: 85.5
Middle School
River Grove Elementary School
District: 85.5
High School
East Leyden High School
District: 212
Tax & Financial
Annual Taxes
$13,905
Tax Year 2023
Monthly Tax Est.
$1,159
per month
Price Reduced by $20,000
Original list price: $585,000
Property Location

8530 Grand Avenue, River Grove, IL 60171Cook County

$565,000
8530 Grand Avenue
6 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
34 days on market
2-car garage
0.080 acres
$13,905/yr taxes
Price reduced $20,000
$4,128
estimated monthly payment
Principal & Interest
$2,969/mo
Property Tax
$1,159/mo
$565,000
20% — $113,000
3%50%
6.875%
3%12%
Loan Amount
$452,000
Down Payment
$113,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Forte Properties, Inc.
Agent: John Warren
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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