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  • $510,000

    8530 Grand Ave, River Grove, IL 60171

    6beds
    --sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $605,900 Zestimate®
    $--/sqft
    $2,427 Estimated rent

    Home value

    $605,900

    $551,000 - $666,000

    $2,427/mo

    Zestimate® history
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    What's special

    Private rooftop deckCozy one-bedroom one-bathroom apartment
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    John Warren 847-894-2433,

    Forte Properties, Inc.,

    Sharon Knickerbocker 315-727-2028,

    Forte Properties, Inc.

    Bought with:

    Martha Lozano

    RE/MAX City

    Source: MRED as distributed by MLS GRID,MLS#: 12172005MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 3
    • 1/2 bathrooms: 3
    Rooms
    • Room types: Den, Utility Room-1st Floor, Workshop
    Heating
    • Baseboard
    Features
    • Basement: None

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Tandem, On Site, Garage Owned, Attached, Garage
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio
    • Exterior features: Balcony
    Lot
    • Size: 3,484 Square Feet
    • Dimensions: 25X150
    Details
    • Parcel number: 12263020130000
    • Zoning: MULTI
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & HOA

    Location
    • Region: River Grove

    Financial & listing details

    • Tax assessed value: $292,670
    • Annual tax amount: $13,904
    • Date on market: 9/24/2024
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/21/2024Sold$510,000-9.7%
    Source: MRED as distributed by MLS GRID #12172005 Report a problem
    10/29/2024Contingent$565,000
    Source: MRED as distributed by MLS GRID #12172005 Report a problem
    10/15/2024Price change$565,000-3.4%
    Source: MRED as distributed by MLS GRID #12172005 Report a problem
    9/24/2024Listed for sale$585,000-1.7%
    Source: MRED as distributed by MLS GRID #12172005 Report a problem
    9/1/2024Listing removed$595,000
    Source: MRED as distributed by MLS GRID #12144824 Report a problem
    8/26/2024Listed for sale$595,000+108.8%
    Source: MRED as distributed by MLS GRID #12144824 Report a problem
    11/3/2017Sold$285,000-3.4%
    Source: MRED as distributed by MLS GRID #09697292 Report a problem
    11/3/2017Listed for sale$295,000
    Source: Goodwill Realty Group Inc #09697292 Report a problem
    7/28/2017Pending sale$295,000
    Source: Goodwill Realty Group Inc #09697292 Report a problem
    7/21/2017Listed for sale$295,000
    Source: Goodwill Realty Group Inc #09697292 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $29,267 -31.9%
    2023$13,905 +2%$42,999
    2022$13,631 +49%$42,999 +76.7%
    2021$9,151 +5.3%$24,339
    2020$8,693 -2.7%$24,339 -14.6%
    2019$8,936 -9.6%$28,500
    2018$9,886 +28.6%$28,500
    2017$7,685 -37.9%$28,500 -36.7%
    2016$12,368 +90.2%$45,029 +22.7%
    2015$6,504 +3.1%$36,696
    2014$6,309 +1.8%$36,696
    2013$6,197 +20%$36,696 -12.8%
    2012$5,165 +11.1%$42,092
    2011$4,651 +13%$42,092
    2010$4,115 +12.1%$42,092 -8.8%
    2009$3,670 +0.9%$46,161 -12%
    2008$3,639 -3.3%$52,457
    2007$3,762 -10.2%$52,457 +30.8%
    2006$4,190 +1.5%$40,111
    2005$4,127 -4.4%$40,111
    2004$4,318 -10.8%$40,111 +41.1%
    2003$4,840 $28,422
    Find assessor info on the county website

    Neighborhood: 60171

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: River Grove Elementary School
    • Middle: River Grove Elementary School
    • High: East Leyden High School
    • District: 85.5

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $605,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $605,900