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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Connie Dornanof @properties Christie's International Real Estate

Est. payment - /mo

13,000 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 13,000 sqft

MLS Listing ID 12797527

Year Built 1943

Annual Tax Amount $52,371

Tax Year 2025

Lot Dimensions 100X125X129X122

Property Sub-Type Mixed Use

Property Description

Lease-Up has Begun! Exceptional Mixed-Use Investment Opportunity - Fully Renovated 13,000+ SF Asset offering 8 Apartments, 3 Retail, Garage + Side Lot Parking. This extensively renovated mixed-use property offers a rare turnkey investment opportunity with significant capital improvements and strong long-term income potential. The building features 8 residential units, each offering 2 bedrooms and 2 full bathrooms with stainless steel appliance packages, quartz countertops, white shaker cabinetry, LVP flooring, porcelain-tiled bathrooms with tubs or walk-in showers, 2 Panel Logan Doors, Grohe Fixtures, Nickel Hardware, and individual HVAC systems. Newly installed TJI clear-span beams create impressive vaulted ceilings throughout the residential units. 3 Different Laundry Rooms on Main Floors for Groupings of Apartments + 8 indoor garage spaces dedicated to the residential component, along with a contiguous lot to the east featuring asphalt parking lot with approximately 15 additional spaces serving commercial or residential uses. New water service, individual electric metering, new windows, sprinklered system, new triple trap and floor drains for the indoor garage. Retail Stores total just over 4,000sf with 1,000sf extra if needed + over 6,700sf of Residential creating a favorable residential-to-retail ratio providing the benefit of multifamily-oriented real estate taxation. Strategically located on Grand Avenue, just two blocks from the River Grove Metra Station, the property enjoys outstanding visibility with over 22,000 vehicles per day on Grand and 26,000 on Thatcher/Cumberland. Well positioned within the heart of the area's revitalized business district and surrounded by national retailers like Starbucks, Rosati's, schools, and commuter traffic, the location supports a strong rental market and continued appreciation. An exceptional opportunity for investors or owner-users (Restaurant w/ Gaming License Income) or anyone seeking a high-quality asset with multiple income streams and value-add possibilities.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air, Central Individual

Flooring Concrete, Vinyl, Other

Fireplace N

Exterior

Utilities Available Sewer Connected, Water Available

View Y/N true

Roof Type Composition

Building

Foundation Concrete Perimeter

Water Municipal Water

Structure Type Brick,Concrete,Steel Siding,Wood

Others

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Joanna Lewkowicz

Designated Managing Broker | Owner Illinois: 471.018027Indiana: RB18001061Florida: BK3514240

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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8324 Grand AVE River Grove, IL 60171

Joanna Lewkowicz

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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8324 Grand AVE

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