For Residential Income For Sale

8530 Grand Avenue, River Grove, Illinois 60171

Price: $585000

Property Description


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. With a total living space exceeding the storefront area, this property easily qualifies for FHA or conventional financing. 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!

  • Property Type House
  • Property ID #12172005
  • Price $585000
  • Year Built 1964
  • Contract type Residential Income For Sale
  • Agent John Warren
  • Home Area 0.08 sqft
  • Rooms 6
  • Bedrooms 6
  • Bathrooms 6
  • Sewer
  • RoomType
  • Price $ 289.0/mounth
  • Year Built 2019
  • Contract type Rent
  • Agent Ashton Kutcher
  • Home Area 1200 sqft
  • Rooms 9
  • Bedrooms 4
  • Bathrooms 3
  • Garages 2
  • Parking lots 2

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