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!
Closed
$690,000
8824 Cherry Ave, River Grove, IL 60171
8beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$697,800 Zestimate®
$--/sqft
$2,179 Estimated rent
Home value
$697,800
$635,000 - $768,000
$2,179/mo
Zestimate® history
Owner options
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$2,179/mo
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$2,179/mo
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$4,061/mo
Est. payment
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$4,061/mo
Est. payment
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Radiant heated floorsNewer oversized garage spot
Zillow last checked:
Listing updated:
Listed by:
Rose Toma, ABR,GREEN 312-282-9616,
@properties Christie's International Real Estate
Bought with:
Milan Gacanovic
Enterprise Realty Brokers Inc
Source: MRED as distributed by MLS GRID,MLS#: 12580377
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 7
- Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Storage, Owned, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 3,706 Square Feet
Details
- Parcel number: 12272210670000
- 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: 1965
- Major remodel year: 2020
Details
- Builder model: 3 UNIT PROPERTY
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: River Grove
Financial & listing details
- Tax assessed value: $440,000
- Annual tax amount: $15,017
- Date on market: 3/1/2026
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Sold | $690,000+1.5% |
Source:  MRED as distributed by MLS GRID #12580377 Report a problem | ||
| 3/16/2026 | Contingent | $680,000 |
Source: MRED as distributed by MLS GRID #12580377 Report a problem | ||
| 3/1/2026 | Listed for sale | $680,000 |
Source: MRED as distributed by MLS GRID #12580377 Report a problem | ||
| 11/18/2025 | Listing removed | $680,000 |
Source: MRED as distributed by MLS GRID #12454642 Report a problem | ||
| 10/16/2025 | Price change | $680,000-1.4% |
Source: MRED as distributed by MLS GRID #12454642 Report a problem | ||
| 8/25/2025 | Price change | $690,000-1.3% |
Source: MRED as distributed by MLS GRID #12454642 Report a problem | ||
| 7/31/2025 | Price change | $699,000-0.9% |
Source: MRED as distributed by MLS GRID #12411670 Report a problem | ||
| 7/11/2025 | Listed for sale | $705,000+34.3% |
Source: MRED as distributed by MLS GRID #12411670 Report a problem | ||
| 3/8/2022 | Sold | $525,000-4.5% |
Source: MRED as distributed by MLS GRID #11305999 Report a problem | ||
| 1/28/2022 | Contingent | $549,900 |
Source: MRED as distributed by MLS GRID #11305999 Report a problem | ||
| 1/18/2022 | Listed for sale | $549,900+48.6% |
Source: MRED as distributed by MLS GRID #11305999 Report a problem | ||
| 11/7/2019 | Sold | $370,000-5.1% |
Source: Public Record Report a problem | ||
| 10/2/2019 | Pending sale | $389,900 |
Source: Sergio & Banks Real Estate #10497684 Report a problem | ||
| 8/27/2019 | Listed for sale | $389,900 |
Source: Sergio & Banks Real Estate #10497684 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $44,000 +0% |
| 2023 | $14,228 +10.6% | $43,999 |
| 2022 | $12,864 +34.7% | $43,999 +53.2% |
| 2021 | $9,549 -6.9% | $28,726 |
| 2020 | $10,260 -2.7% | $28,726 -14.6% |
| 2019 | $10,546 +11.2% | $33,638 +23% |
| 2018 | $9,484 +1.2% | $27,343 |
| 2017 | $9,371 +12.9% | $27,343 |
| 2016 | $8,299 +11% | $27,343 +18.3% |
| 2015 | $7,480 +0.9% | $23,121 |
| 2014 | $7,410 +17.6% | $23,121 |
| 2013 | $6,301 -15.4% | $23,121 -23.1% |
| 2012 | $7,448 +7% | $30,067 |
| 2011 | $6,963 +1% | $30,067 |
| 2010 | $6,893 +9.1% | $30,067 -0.4% |
| 2009 | $6,316 +0.8% | $30,198 -12% |
| 2008 | $6,268 +2.8% | $34,317 |
| 2007 | $6,095 +1% | $34,317 +6.5% |
| 2006 | $6,033 +1.4% | $32,235 |
| 2005 | $5,947 +1.7% | $32,235 |
| 2004 | $5,845 -3.8% | $32,235 +1.5% |
| 2003 | $6,076 +11.3% | $31,760 |
| 2002 | $5,457 +4.5% | $31,760 |
| 2001 | $5,224 +5% | $31,760 +7.1% |
| 2000 | $4,973 -1.1% | $29,653 |
| 1999 | $5,030 | $29,653 |
Find assessor info on the county website
Neighborhood: 60171
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Nearby schools
GreatSchools rating
- 7/10River Grove Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 5/10East Leyden High SchoolGrades: 9-12Distance: 1.3 mi
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
$697,800
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
$697,800
- Illinois
- Cook County
- River Grove
- 60171
- 8824 Cherry Ave
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