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8824 Cherry Avenue, 
River Grove, IL 60171

$690,000


8

Beds


5

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Rose Toma

@Properties Christie'S International Real Estate

Last updated:

September 3, 2025, 10:45 AM

MLS#

12454642

Source:

MLSNI

About This Home

8824 Cherry Avenue

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. All leases expire 4.30.2026. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 6-7 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1965

Price Summary

690,000

MLS #:

12454642

Last Updated:

September 3, 2025, 10:45 AM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

3


Structure

Structure

Year Built:

1965


Finances & Disclosures

Finances

Price:

$690,000

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