Real Estate Agent Elmo Dowd

Elmo Dowd REALTOR®

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8824 Cherry Avenue, River Grove, IL 60171

$680,000
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  • 8824 Cherry Avenue, River Grove, IL 60171 Main Photo

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Contingent
BEDS8 BATHS5 full MLS#12580377
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 212
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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. 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!

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 elmo.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Garage: 1
Heating: Natural Gas
Lot Size: 3706 SQFT
Taxes: $15,017
Year Built: 1965

Feature Descriptions

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

Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 2,963.14 per month $1,513.39 Principal & Interest $1,251.42 Property Tax $198.33 Homeowner's Insurance

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