Welcome to 8824 Cherry - A Turnkey Investment Opportunity! Attention investors and potentially owner-occupants! This legal 3-unit building is a proven income generator with long-term tenants in place. Fully rented and well-maintained, with room to increase rental amounts. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath's rented at $1550 including the newer oversized garage spot and private dedicated w/d right outside door. Middle floor was completely remodeld w/ beautiful finishes. 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. $4970 total gross income but can be much higher. All leases expire 4.30.2026. Coin laundry in basement. Good condition and well maintained. Make your offer now!
Active
Price cut: $6K (7/31)
$699,000
8824 Cherry Ave, River Grove, IL 60171
8beds
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Radiant heated floorsBeautiful finishesNewer oversized garage spotLarge front side drivewayCoin laundry in basement
- 35 days
- on Zillow |
- 617 |
- 43 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 01:03pm
Listing courtesy of:
Rose Toma 312-282-9616,
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12411670

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished,Full
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Garage Faces Side, Storage, Owned, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 3,706 Square Feet
Details
- Parcel number: 12272210670000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1965
- Major remodel year: 2020
Details
- Builder model: 3 UNIT PROPERTY
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: River Grove
Financial & listing details
- Tax assessed value: $439,990
- Annual tax amount: $14,228
- Date on market: 7/11/2025
- Ownership: Fee Simple
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