$ 690,000
-
$690,000
Price -
8
Bed -
5
Bath -
0
SqFt
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About the Listing 84025 - 118252
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!
Listing Highlights for 8824 Cherry Ave
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
12454642
Year Built
1965
Total Square Footage
0
Lot/Acreage
3706 SQFT
County
Cook
Area
River Grove
School District
85.5
Elementary School
River Grove Elementary School
Middle School
River Grove Elementary School
High School
East Leyden High School
Interior Details
- Bedrooms: 8
- Bathrooms: 5 Full
- Appliances: Water Heater-Gas
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: 1 car
- Parking Spaces: 7
- Lot Dimensions: 3706 SQFT
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,On Site,Garage Owned,Detached,Assigned,Off Street,Side Apron,Driveway,Additional Parking,Direct Access,Garage Faces Side,Storage,Owned,Garage
Financial Details
- Tax Amount: $14,228
- Taxes w/Assessments: N/A
- Tax/Property ID: 12272210670000
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
8824 Cherry Ave River Grove, IL 60171
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