$680,000

beds

baths

half baths

8824 Cherry Avenue

River Grove, Illinois 60171

Contingent / MLS #12580377 / Multiple Unit (2-4) / River Grove

Listing information updated 3/16/2026 at 7:23am

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!

Full Features

Exterior Type:

Brick

Basement:

Finished,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

61-70 Years

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Detached,Assigned,Off Street,Side Apron,Driveway,Additional Parking,Direct Access,Storage,Owned,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Taxes & Assessments

Tax Amount:

$15,017

Tax Year:

2024

Location

Zip Code:

60171

City:

River Grove

County:

Cook

Schools

School District(s):

85.5, 212

Elementary School:

River Grove Elementary School

Middle School:

River Grove Elementary School

High School:

East Leyden High School

Exterior Type:

Brick

Basement:

Finished,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

61-70 Years

Parking Type:

Garage - Garage Door Opener,Yes,Garage Owned,Detached,Assigned,Off Street,Side Apron,Driveway,Additional Parking,Direct Access,Storage,Owned,Garage

Parking Spaces:

Garage:

Detached

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Tax Amount:

$15,017

Tax Year:

2024

Zip Code:

60171

City:

River Grove

County:

Cook

School District(s):

85.5, 212

Elementary School:

River Grove Elementary School

Middle School:

River Grove Elementary School

High School:

East Leyden High School

Listing Office: @PROPERTIES

Listing Office Phone: 773.432.0200

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/16/2026 at 7:23am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.