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River Grove, IL

Multifamily

River Grove, IL Multifamily Properties for Sale

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Franklin Park, IL Elmwood Park, IL Melrose Park, IL River Forest, IL Maywood, IL Oak Park, IL Bellwood, IL Cicero, IL

Brick 6-Unit Apartment Building

Updated: Aug 25

Brick 6-Unit Apartment Building

8038 Grand Avenue, River Grove, IL 60171

$1,050,000

0.14 AC lot

Six‑unit apartment building with five 2‑bedroom, 1‑bath units and one 3‑room, 1‑bath unit
Approximately 4,200 SF building on a 6,000 SF lot
10 rear parking spaces and an interior corridor layout
Separately metered electricity; tenants pay electric
On‑site laundry, six ranges, and six refrigerators

Renovated Duplex with Heated Garage

Updated: Jul 15

Renovated Duplex with Heated Garage

8211 W Grand Avenue, River Grove, IL 60171

$699,900

Two‑unit duplex with 3‑bedroom, 1.5‑bath layouts
Commercial‑grade rear garage with heat, water, bathroom facilities, and loft storage
Two oversized overhead doors provide drive‑through alley access
50' x 125' professionally landscaped lot with a deep setback
First‑floor brick patio and second‑floor private deck

6-Unit Apartment Building

6-Unit Apartment Building

8038 Grand Ave, River Grove, IL 60171

$1,050,000

4,200 sqft 0.14 AC lot

Brick multifamily asset with separately metered apartments, interior access, laundry, and a partially finished basement.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in River Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Duplex with Oversized Garages

Duplex with Oversized Garages

2924 N 75th Court, Elmwood Park, IL 60707

$649,000

0.50 AC lot

Vacant two-unit property with updated systems, private outdoor space, and flexible lower-level use.

Two-Flat Mixed-Use Property

Two-Flat Mixed-Use Property

8110 W Addison Street, Chicago, IL 60634

$560,000

Two second-floor apartments are in place, while the first floor requires conversion to residential use.

Brick Duplex with Garage

Brick Duplex with Garage

2924 N 75th Ct, Elmwood Park, IL 60707

$599,000

Vacant two-unit brick property with updated mechanical systems, flexible lower-level space, and a detached garage.

Leased Triplex with Fenced Yard

Leased Triplex with Fenced Yard

3301 N Ozanam Avenue, Chicago, IL 60634

$450,000

0.12 AC lot

Fully leased building with updated units, separate utilities, basement laundry, and outdoor storage.

Off-Market Properties in River Grove, IL

Consider similar Off-Market properties in River Grove, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

8519 Grand Ave

GARDEN APT, COURT APT (5+ UNITS)

8519 Grand Ave, River Grove, IL 60171-1487

Estimated value:

$1,880,000

11,840 sqft 0.37 AC lot

2453 1st Ave

GARDEN APT, COURT APT (5+ UNITS)

2453 1st Ave, River Grove, IL 60171-1782

Estimated value:

$2,150,000

14,900 sqft 0.41 AC lot

2917 Elm St

APARTMENT HOUSE (UNDER 5 UNITS)

2917 Elm St, River Grove, IL 60171-1390

Estimated value:

$145,000

1,824 sqft 0.11 AC lot

2662 Elm St

GARDEN APT, COURT APT (5+ UNITS)

2662 Elm St, River Grove, IL 60171-1644

Estimated value:

$900,000

0.07 AC lot

2514 Erie St

APARTMENT HOUSE (UNDER 5 UNITS)

2514 Erie St, River Grove, IL 60171-3503

Estimated value:

$325,000

1,784 sqft 0.12 AC lot

8241 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8241 Grand Ave, River Grove, IL 60171-3701

Estimated value:

$520,000

3,937 sqft 0.07 AC lot

8245 Grand Ave, Unit 2

APARTMENT HOUSE (UNDER 5 UNITS)

8245 Grand Ave, River Grove, IL 60171-1573

Unit 2

Estimated value:

$330,000

3,864 sqft 0.09 AC lot

8247 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8247 Grand Ave, River Grove, IL 60171-1574

Estimated value:

$605,000

3,864 sqft 0.09 AC lot

2900 Riv Rd

GARDEN APT, COURT APT (5+ UNITS)

2900 Riv Rd, River Grove, IL 60171-1351

Estimated value:

$480,000

5,583 sqft 0.14 AC lot

2524 Budd St

APARTMENT HOUSE (UNDER 5 UNITS)

2524 Budd St, River Grove, IL 60171-1737

Estimated value:

$315,000

1,112 sqft 0.11 AC lot

8923 Chestnut Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8923 Chestnut Ave, River Grove, IL 60171-1391

Estimated value:

$85,000

2,044 sqft 0.22 AC lot

8147 Smith Ln

APARTMENT HOUSE (UNDER 5 UNITS)

8147 Smith Ln, River Grove, IL 60171-3346

Estimated value:

$525,000

3,765 sqft 0.11 AC lot

8827 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8827 Grand Ave, River Grove, IL 60171-1388

Estimated value:

$370,000

3,780 sqft 0.07 AC lot

8827 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8827 Grand Ave, River Grove, IL 60171-1388

Estimated value:

$305,000

1,700 sqft 0.04 AC lot

8214 Enger Ln

APARTMENT HOUSE (UNDER 5 UNITS)

8214 Enger Ln, River Grove, IL 60171-3341

Estimated value:

$645,000

3,908 sqft 0.12 AC lot

2848 Auxplaines Ave, Unit 2

APARTMENT HOUSE (UNDER 5 UNITS)

2848 Auxplaines Ave, River Grove, IL 60171-3119

Unit 2

Estimated value:

$555,000

2,597 sqft 0.13 AC lot

9017 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

9017 Grand Ave, River Grove, IL 60171-1324

Estimated value:

$325,000

3,500 sqft 0.07 AC lot

8251 Grand Ave

APARTMENT HOUSE (UNDER 5 UNITS)

8251 Grand Ave, River Grove, IL 60171-1583

Estimated value:

$610,000

3,864 sqft 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

8157 Walsh Ln, River Grove, IL 60171-3327

Estimated value:

$700,000

4,032 sqft 0.12 AC lot

8147 Walsh Ln

APARTMENT HOUSE (UNDER 5 UNITS)

8147 Walsh Ln, River Grove, IL 60171-3325

Estimated value:

$570,000

4,053 sqft 0.12 AC lot

8222 Grand Ave, Unit 2

APARTMENT HOUSE (UNDER 5 UNITS)

8222 Grand Ave, River Grove, IL 60171-1568

Unit 2

Estimated value:

$710,000

4,536 sqft 0.10 AC lot

River Grove, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in River Grove, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,200 square feet of properties for sale, with an estimated market value of $2,799,900.

Sale prices for multifamily properties in River Grove, IL start at $699,900, averaging $933,300, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 10K

Population Growth (5Y) +3.3%

Median Household Income $74,793

College Educated 30.8%

High-Yield Neighborhoods for Investment

Identify River Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60171	$933.3K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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