8038 Grand AVE, River Grove, IL 60171
8038 Grand AVE, River Grove, IL 60171
8038 Grand AVE, River Grove, IL 60171
8038 Grand AVE, River Grove, IL 60171
8038 Grand AVE, River Grove, IL 60171
8038 Grand AVE, River Grove, IL 60171
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Legacy Property Management

Legacy Property Management

+1(224) 999-9200
$ 1,050,000
Est. payment | /mo

4,200 SqFt

Save
$ 1,050,000
Est. payment | /mo
Save

4,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $250

MLS Listing ID 12741653

Maintenance Fees $5,661

Year Built 1968

Annual Tax Amount $22,447

Tax Year 2025

Lot Dimensions 6000

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Area River Grove

Zoning MULTI

Rooms

Basement Partially Finished

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

Others

HOA Fee Include None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ryan Rahim of  Re/Max Cityview 
Legacy Property Management

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(224) 999-9200

propertymanagement@legacypropertiesil.com

1350 Remington Rd, Suite B, Schaumburg IL, Other

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8038 Grand AVE