8824 Cherry Avenue, River Grove, IL

$690,000

Previous Next

8

Beds

5

Baths

About 8824 Cherry Avenue

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!

Features of 8824 Cherry Avenue

MLS® # 12454642
Price $690,000
Bedrooms 8
Bathrooms 5.00
Acres 0.00
Year Built 1965
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 8824 Cherry Avenue
Area River Grove
City River Grove
County Cook
State IL
Zip Code 60171

Amenities

Parking Spaces 7
Parking Garage Door Opener, On Site, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Garage Faces Side, Storage, Owned, Garage
# of Garages 1
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick

School Information

District 212
Elementary River Grove Elementary School
Middle River Grove Elementary School
High East Leyden High School

Additional Information

Days on Market 48
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Office@properties Christie's International Real Estate
Contact Info773-432-0200

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?