10-Unit Mixed-Use
For Sale
$1,295,000
9620 Grand Avenue, Franklin Park, IL 60131
Stabilized mixed-use building with seven apartments and three storefronts and a 7.5% cap rate.
Days on Market16
Property Features for 9620 Grand Avenue
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
5 x 1BR, 2 x 2BR
Multifamily Units
7
Additional Details
Cap Rate
7.5%
Building Details
Building Size
11,875 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Aria Real Estate
(877) 495-1984
Listed By:
Jacob Blieden · License #475217789
(877) 495-1984
Source:
Perillorealestategroup
Added: Jul 17
Changed: Jul 30
Last Checked: Aug 1 at 12:44PM
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 stabilized mixed-use property features a diversified income mix of 7 residential apartments and 3 commercial storefronts. The residential component includes five 1-bedroom units and two 2-bedroom units, all fully occupied with consistent rental history. The commercial portion is anchored by two tenants, supporting in-place income and long-term stability. The property is presented as a 7.5% cap rate investment.
Located at 9620-9626 W Grand Ave in Franklin Park, the property is positioned along Grand Avenue with strong visibility and convenient access to major transportation routes and O'Hare Airport. The surrounding retail corridor supports steady tenant demand.
Built in 1961, the building offers a balanced blend of residential and commercial revenue streams for buyers seeking stabilized cash flow with diversified operations. Seller financing is mentioned as a possibility.
Located at 9620-9626 W Grand Ave in Franklin Park, the property is positioned along Grand Avenue with strong visibility and convenient access to major transportation routes and O'Hare Airport. The surrounding retail corridor supports steady tenant demand.
Built in 1961, the building offers a balanced blend of residential and commercial revenue streams for buyers seeking stabilized cash flow with diversified operations. Seller financing is mentioned as a possibility.
Key Highlights
- 7.5% cap rate mixed‑use investment property
- 10 total units: 7 apartments plus 3 commercial storefronts
- Residential mix: five 1‑bedroom and two 2‑bedroom units, all fully occupied
Property Analytics
Current Use
Lease Details
7
Residential units
100%
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
Properties on Market for Mixed-use properties in Cook County
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Stabilized mixed-use building with seven apartments and three storefronts and a 7.5% cap rate.
Where is this mixed-use property located?
The property is located at 9620 Grand Avenue Franklin Park, IL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 7.5% cap rate mixed‑use investment property; 10 total units: 7 apartments plus 3 commercial storefronts; Residential mix: five 1‑bedroom and two 2‑bedroom units, all fully occupied
