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8314-8324 W Grand Ave 8 Unit Apartment Building $3,200,000 ($400,000/Unit) 7.09% Cap Rate River Grove, IL 60171

Apartment Buildings Illinois River Grove 8314-8324 W Grand Ave, River Grove, IL 60171

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Investment Highlights

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

Executive Summary

Currently Vacant with Lease Up to start late Summer.

Attachments

OM 8314-8324_W_Grand_River_Grove @properties

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,200,000 Apartment Style Low-Rise
Price Per Unit $400,000 Building Class C
Sale Type Investment Lot Size 0.09 AC
Cap Rate 7.09% Building Size 14,486 SF
Sale Condition Deferred Maintenance Average Occupancy 0%
No. Units 8 No. Stories 2
Property Type Multifamily Year Built/Renovated 1943/2025
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
 Parking Ratio 1.59/1,000 SF
Zoning Mixed Use
Price $3,200,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 7.09%
Sale Condition Deferred Maintenance
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.09 AC
Building Size 14,486 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1943/2025
Parking Ratio 1.59/1,000 SF
Zoning Mixed Use

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Vaulted Ceiling
  • Refrigerator
  • Sprinkler System
  • Range
  • Attic
  • Double Pane Windows
  • Instant Hot Water
  • Smoke Free
  • Vinyl Flooring
  • Quartz Countertops

Site Amenities

  • Public Transportation
  • Private Bathroom
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 8 $2,078 6,701
1 1
8314-8324 W Grand Ave, River Grove, IL - Aerial map view - Image1
8314-8324 W Grand Ave, River Grove, IL - Aerial map view - Image2
8314-8324 W Grand Ave, River Grove, IL - Aerial map view - Image3
8314-8324 W Grand Ave, River Grove, IL - Aerial map view - Image4
8314-8324 W Grand Ave, River Grove, IL - Aerial map view - Image5
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Source: Local Logic®

Property Taxes

Parcel Number 12-26-402-027-0000 Total Assessment $79,419 (2025)
Land Assessment $6,869 (2025) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $72,550 (2025) Tax Year 2026

Property Taxes

Parcel Number
12-26-402-027-0000
Land Assessment
$6,869 (2025)
Improvements Assessment
$72,550 (2025)
Total Assessment
$79,419 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026

Still interested?

Contact the broker for more information about this property

Contact

  • Kostas Giannikoulis
    Kostas Giannikoulis

  • Listing ID: 40917444

  • Date on Market: 6/14/2026

  • Last Updated:

  • Address: 8314-8324 W Grand Ave, River Grove, IL 60171

The Multifamily Property at 8314-8324 W Grand Ave, River Grove, IL 60171 is currently available for Sale. Contact @properties | Christie's International Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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