8824 Cherry Avenue, River Grove, Illinois 60171
$680,000
|
For Sale
|
|
| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1965 |
| Property Taxes: | $15,017 |
| Days On Market: | 20 |
| Lot Size: | 0,00 |
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. Middle/top floor Leases expire 4.30.2026. Garden lease through 3/31/26. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 7-8 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1965 | |
| — | |
| 3 UNIT PROPERTY | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12580377 | |
| 12272210670000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
River Grove Elementary School |
85.5 | — | |
|
Middle School
River Grove Elementary School |
85.5 | Not in DB | |
|
High School
East Leyden High School |
212 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 22 Oct, 2019 | Sold | $370,000 | MRED MLS |
| 25 Sep, 2019 | Under contract | $389,900 | MRED MLS |
| 26 Aug, 2019 | Listed for sale | $389,900 | MRED MLS |
| 8 Mar, 2022 | Sold | $525,000 | MRED MLS |
| 26 Jan, 2022 | Under contract | $549,900 | MRED MLS |
| 17 Jan, 2022 | Listed for sale | $549,900 | MRED MLS |
| 14 Mar, 2026 | Under contract | $680,000 | MRED MLS |
| 1 Mar, 2026 | Listed for sale | $680,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 1 | |
| — | |
| — | |
| — | |
| — | |
| 3706 SQFT | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $9,371 |
| 2022 | $10,260 |
| 2026 | $15,017 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
@properties Christie's International Real Estate
