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Map
$977,326*
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Commercial -
Off Market
8324 Grand Avenue
River Grove, IL 60171
Studio
0 Bath
16000 Sqft
$882,000 - $1,078,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
The building has had several major improvements, the flat roof
structure removed and new TJI clear span beams installed giving all
the units vaulted ceilings some over 16' tall and no flat roof
problems, there are 10 indoor parking spots for the residential
component, all 8 residential units are 2 bedroom 2 full bath and
extremely marketable. It also includes an extra double wide lot
contiguous to the East, which will be used for parking and could
later be used to build an additional 8 units. This building
is roughly 70% residential providing a very favorable real estate
tax benefit as multifamily. New 8" water service, new
individual electric meters, new windows, new triple trap and floor
drains for indoor parking, parking lot to the east has new storm
drainage and base layer. It is an excellent rental
market, situated in the center of the newly developed central
business district, Starbucks, one block from elementary schools and
the Metra station. See Additional information for Pro Forma,
Plans, Cost to Complete. Projected NOI $273,000
The manager has listed the unit size as 16000 square feet.
The manager has listed the unit size as 16000 square feet.
Unit Size
16,000Ft²
Days on Market
-
Land Size
-
Price per sqft
$61
Property Type
Commercial
Property Taxes
$397
HOA Dues
-
Year Built
1943
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 18, 2023 | No longer available | - | |
No longer available | |||
Jul 9, 2023 | In contract | - | |
In contract | |||
Jul 8, 2023 | No longer available | - | |
No longer available | |||
Jun 23, 2023 | Sold | $950,000 | |
Sold | |||
Jan 11, 2023 | In contract | - | |
In contract |
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Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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