$585,000
Active
2 Days Online
6 Beds0 Baths0 SQFT
Active

8530 Grand Avenue River Grove, IL 60171

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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. With a total living space exceeding the storefront area, this property easily qualifies for FHA or conventional financing. 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!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCook
  • Taxes$13,904
  • HOA/Condo/Coop Fees$0
  • Days on Site2 Days
  • MLS StatusActive
  • MLS ID Number12172005
  • Home Size Source N/A
  • Year Built1964
  • Lot Size0.08 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 2
  • Sewer Public Sewer
  • Basement None
  • Acreage 0.08
  • Water PublicLake Michigan
  • Property Sub Type Multi Family
  • Garage Spaces 2
  • Zoning MULTI
  • General Information Commuter BusCommuter Train
  • Garage Attached
  • Rooms Total 16
  • Lot Size Less Than .25 Acre
  • Parking Total 2

Interior Features

  • Heating Baseboard
  • Room Types DenUtility Room-1st FloorWorkshop

Exterior Features

  • Waterfront Property No
  • Exterior BalconyPatio

Community Features

  • Township Leyden
  • MLS Area River Grove

Schools

School District
85.5
Elementary School
River Grove Elementary School
Middle School
River Grove Elementary School
High School
East Leyden High School

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Monthly Payment (Est.)

$2,830
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