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Property view

8824 Cherry Avenue, 
River Grove, IL 60171

$690,000


8

Beds


5

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Rose Toma

Bought with Enterprise Realty Brokers Inc

@Properties Christie'S International Real Estate

MLS#

12580377

Source:

MLSNI

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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. Middle/top floor Leases expire 4.30.2026. Garden lease through 3/31/26. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 7-8 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

680,000

MLS #:

12580377

Sold:

April 17, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

3


Structure

Structure

Year Built:

1965


Finances & Disclosures

Finances

Price:

$680,000

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