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8038 Grand Avenue
River Grove IL 60171 US

$1,050,000

Active Listing ID 12741653
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11 bed
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6.00 Bath (6 Full)
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Lot: 0.14 Acres
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Other

$1,050,000

Active Listing ID 12741653
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8038 Grand Avenue Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4, 200 SF of building area on a 6, 000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111, 060 annually, with reported annual expenses of approximately $42, 725 and an estimated $68, 334 NOI, reflecting a 6.51 cap rate at the list price of $1, 050, 000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • Cooling System: Window Unit(s)
  • Roof Type: Composition
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1050000
  • unparsedaddress: 8038 Grand Avenue
  • postalcity: River Grove
  • stateorprovince: IL
  • country: US
  • postalcode: 60171
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1377
  • lotsizeunits: Acres
  • lotsizearea: 0.1377
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.927605
  • longitude: -87.827515
  • listagentfullname: Ryan Rahim
  • listagentemail: ryanrahim25@hotmail.com
  • listagentkey: 3yd-MREDIL-153676
  • listagentmlsid: 153676
  • listagentpreferredphone: (773) 631-8260
  • listagentofficephone: 7733432160
  • listofficekey: 3yd-MREDIL-15904
  • listofficemlsid: 15904
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1968
  • listingcontractdate: 2026-08-25
  • listagenturl: http://www.thepadronteam.com
  • countyorparish: Cook
  • parcelnumber: 12264070160000
  • cooling: Window Unit(s)
  • constructionmaterials: Brick
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 10, Bedroom 7, Bedroom 6, Bathroom 6, Bedroom 8, Bedroom 4, Basement, Bedroom 11, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 1
  • basement: Partially Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.827515, 41.927605
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Cityview", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ryanrahim25@hotmail.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"robertp@remax-cityview.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"RE/MAX Cityview", "ListBrokeragePhone":"(773) 631-8260", "ListBrokeragePostalCode":"60646", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6430 N Central Ave", "ListBrokerageWebsiteUrl":"http://www.thepadronteam.com", "ListOfficeAddress1":"5795 N Elston Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"15904", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"robertp@remax-cityview.com", "ListOfficePostalCode":"60646", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, River Grove, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/8038-Grand-Ave_River-Grove_IL_60171_M75411-60126?f=listhub&s=MREDIL&m=12741653&c=rexren", "MLSModificationTimestamp":"2026-08-31 05:06:07", "Neighborhoods":[{"Description":null, "Name":"River Grove"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":22447, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/3/2026 5:38:20 AM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Ryan Rahim, Re/Max Cityview, ryanrahim25@hotmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.