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8314-8324 W Grand Ave
River Grove, IL 60171

$3,200,000 USD

Apartments For Sale • 14,486 SF

Property Details

Property Type Apartments
Total Building Size 14,486 SF
Lot Size 0.09 AC
Building Class C
Year Built 1943
Cap Rate 7.09 %
Zoning Mixed Use

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                2 Blocks from River Grove Metra Station
                            
                                Individual HVAC & Metered Apartments
                            
                                8 Allocated Garage Parking
                            
                                3 Dedicated Laundry Rooms
                            
                                ~15 Exterior Parking in Side-Lot
                            
                                22,000 Daily Traffic on Grand Avenue

Property Flyers

OM 8314-8324_W_Grand_River_Grove @properties

Financial Summary (Proforma)

Net Operating Income: $226,960 USD (2026)

Cap Rate:	7.09 %
Total Expenses:	$74,300 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Family Fun Center		6/10/2024

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Microwave
Storage Space
Tenant Controlled HVAC
Washer/Dryer
Heating
Recycling
Tile Floors
Vaulted Ceiling
Refrigerator
Sprinkler System
Range
Attic
Double Pane Windows
Instant Hot Water
Smoke Free
Vinyl Flooring
Public Transportation
Private Bathroom
Walk-Up
Quartz Countertops
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
River Grove Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.2 mi
Elmwood Park Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.3 mi
Transit/Subway	Drive	Walk	Distance
River Grove Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	4 min	0.2 mi
Airport	Drive	Walk	Distance
Chicago O'Hare International	14 min	-	7.2 mi
Chicago Midway International	26 min	-	13.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes

Kostas Giannikoulis @properties | Christie's International Real Estate

8314-8324 W Grand Ave River Grove, IL 60171