Search
Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

8538 W Grand Ave, River Grove, IL 60171

Recently constructed multifamily property with two-bedroom residences, private outdoor space, in-unit laundry, and individual HVAC.

Property SizeContact for details
Days on Market147

Property Features for 8538 W Grand Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Essex Realty Group
Listed By: Steven Livaditis · License #IL
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 2 at 2:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essex Realty Group

Investment Insights

Based on property information with market context.

Completed in 2019, this apartment building at 8538 W Grand Ave in River Grove contains six two-bedroom, two-bath residences. Each unit includes a gourmet kitchen, modern bathroom finishes, individual HVAC, a domestic hot water tank, and in-unit laundry. Private balconies or gated outdoor areas provide additional resident space.

The property includes nine rear surface parking spaces. River Grove is a northwestern suburb of Chicago, Illinois. The building may be acquired independently or alongside 8465-71 W. Grand Ave and 7353 W. Grand Ave as part of a 60-unit portfolio.

Key Highlights

  • Six two‑bedroom, two‑bath apartments
  • Completed in 2019
  • Individual HVAC and domestic hot water tanks in each unit

Property Analytics

Current Use

Empire Heating & Air ... HVAC Service

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Food Market Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

629
Businesses Nearby

Demographics for 60171, IL

10,612
Population
4,456
Households
2.4
Avg Household Size
40
Median Age
26%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
4,614
Density / Sq Mi
$74,793
Median Household Income
$43,696
Median Earnings
$1,230
Median Rent
$244,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Recently constructed multifamily property with two-bedroom residences, private outdoor space, in-unit laundry, and individual HVAC.
Where is this apartment building located?
The property is located at 8538 W Grand Ave River Grove, IL.
What are key features of this property?
This property features: Six two‑bedroom, two‑bath apartments; Completed in 2019; Individual HVAC and domestic hot water tanks in each unit
(312) 935-1050 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message