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    8233 W Oconnor Dr River Grove, IL 60171

    Under Contract
    For Sale
    $899,000

    Commercial Sale - River Grove, IL

    Property size:
    4,914 SF
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 8233 W Oconnor Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    12262060670000
    Size
    4,914 SF

    Building Details

    Year built
    1969
    Number of units
    6
    Roof type
    Rubber
    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Tadeusz Guz (773) 745-1000 License #475107752

    Listing date Nov 26, 2025

    MLS# 12505407 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River Grove Multifamily Investment Property

    This is a fully rented, free-standing brick building containing six units. The property features copper water pipes, updated kitchens, and hardwood floors in all units. A newer furnace is installed. Each apartment includes one outdoor parking space. The building is located on a quiet residential street with convenient access to public transportation and stores. The property size is 4914 square feet and the zoning is MULTI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.831891
    Latitude
    41.934164

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    FAQs

    What type of property is this?
    Apartment building - Fully rented 6-unit brick building near transportation and stores.
    Where is this apartment building located?
    The property is located at 8233 W Oconnor Dr River Grove, IL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Fully rented 6-unit free-standing brick building.; - Updated kitchens.; - Hardwood floors in all units.
    (773) 745-1000
    Request Owner's contact information
    8233 W Oconnor Dr River Grove, IL 60171
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    River Grove, IL 60171
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8233 W Oconnor Dr River Grove, IL 60171
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