BEDS8
BATHS5 full
MLS#12580377
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 212
Property 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. 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Garage: 1
Heating: Natural Gas
Lot Size: 3706 SQFT
Taxes: $14,228
Year Built: 1965
Feature Descriptions
Days on Site: 1
Exterior: Brick
Lot Dimensions: 3706 SQFT
Other Equipment: Water Heater-Gas
Parcel#: 12272210670000
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Storage, Owned, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: Leyden
Water: Public
Local Schools
High School: East Leyden High School
Middle School: River Grove Elementary School
Elementary School: River Grove Elementary School
School District: District 212
Listed By / Shown By
Listed By
Agency Name: @properties Christie's International Real Estate
Agency Phone: 773-432-0200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 2,897.39 per month $1,513.39 Principal & Interest $1,185.67 Property Tax $198.33 Homeowner's InsuranceChange Payment Information
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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8824 Cherry Avenue | MLS# 12580377
This multi-family property located at 8824 Cherry Avenue, River Grove, IL 60171 is currently listed for sale with an asking price of $680,000. Cherry Avenue is located within the District 212 school district. Search River Grove real estate on www.bhhscrosby.com today.