8824 Cherry AVE new Save Request In-Person Tour Request Virtual Tour
River Grove,IL 60171
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12411670
Bedrooms 8
Year Built 1965
Annual Tax Amount $14,228
Tax Year 2023
Lot Dimensions 3706 SQFT
Property Sub-Type Two to Four Units
Property Description
Welcome to 8824 Cherry - A Turnkey Investment Opportunity! Attention investors and potentially owner-occupants! This legal 3-unit building is a proven income generator with long-term tenants in place. Fully rented and well-maintained, with room to increase rental amounts. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath's rented at $1550 including the newer oversized garage spot and private dedicated w/d right outside door. Middle floor was completely remodeld w/ beautiful finishes. 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. $4970 total gross income but can be much higher. All leases expire 4.30.2026. Coin laundry in basement. Good condition and well maintained. Make your offer now!
Location
State IL
County Cook
Area River Grove
Zoning MULTI
Rooms
Basement Finished,Full
Interior
Heating Natural Gas
Equipment Water Heater-Gas
Fireplace N
Exterior
Garage Spaces 1.0
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools River Grove Elementary School
Middle Schools River Grove Elementary School
High Schools East Leyden High School
School District 85.5 ,85.5, 212
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany