Mixed-Use Building with Retail
For Sale
$1,325,000
9620 Grand Avenue, Franklin Park, IL 60131
Mixed-use property with 7 residential units and 3 commercial spaces, including one currently vacant commercial unit.
Property Size11,875 SF
Days on Market122
Property Features for 9620 Grand Avenue
General Information
Standard status
Active
Size
11,875 SF
Zoning
OTHER
Occupancy
90%
Net Operating Income
$50,260
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$26,362
Amenities
Central Air, Window Unit(s)
Building Details
Building Size
11,875 SF
Year Built
1961
Stories
2
Tenancy
Multi
Listing Agency:
Aria Real Estate
(502) 314-4278
Listed By:
Jacob Blieden · License #471022459
(502) 314-4278
Source:
Evrealestate
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 22 at 6:33AM
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 Aria Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes 7 residential units and 3 commercial spaces at 9620–9626 W Grand Ave. The property is currently 90% occupied, with one vacant commercial unit available. Residential and commercial tenancy are combined within the same building, supporting income from both unit types.
The property also includes a 13,523 sq. ft. parking lot located at 10135 Gustave St., directly behind the building. The overall site configuration provides parking support for the property’s users while keeping the commercial and residential components in one offering.
For sale, the asset’s current configuration consists of income-producing apartments alongside street-level commercial space, with on-site parking included through the separate lot behind the building.
The property also includes a 13,523 sq. ft. parking lot located at 10135 Gustave St., directly behind the building. The overall site configuration provides parking support for the property’s users while keeping the commercial and residential components in one offering.
For sale, the asset’s current configuration consists of income-producing apartments alongside street-level commercial space, with on-site parking included through the separate lot behind the building.
Key Highlights
- Mixed‑use property built in 1948 with 7 residential units and 3 commercial spaces
- Currently 90% occupied, with one vacant commercial unit available
- Includes a 13,523 SF parking lot at 10135 Gustave St. directly behind the building
Property Analytics
Current Use
Lease Details
7
Residential units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 60131, IL
18,205
Population
6,120
Households
3
Avg Household Size
39
Median Age
19%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
3,371
Density / Sq Mi
$76,404
Median Household Income
$39,117
Median Earnings
$1,092
Median Rent
$261,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with 7 residential units and 3 commercial spaces, including one currently vacant commercial unit.
Where is this apartment building located?
The property is located at 9620 Grand Avenue Franklin Park, IL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Mixed‑use property built in 1948 with 7 residential units and 3 commercial spaces; Currently 90% occupied, with one vacant commercial unit available; Includes a 13,523 SF parking lot at 10135 Gustave St. directly behind the building
