Entity Owned Property summary
This exceptional mixed-use property, located at 8827 W Grand Ave in River Grove, IL, presents a compelling investment opportunity. The 6,150 square foot building, constructed in 1964 and extensively renovated in 2023, comprises seven units: five two-bedroom, one-and-a-half-bathroom apartments and two retail spaces currently occupied by local businesses. The apartments boast updated kitchens with shaker or cherry cabinets and granite or formica countertops, along with vinyl flooring and… renovated bathrooms. Heating is a mix of individual boilers and radiant heat, with tenants responsible for their own utilities. Recent capital improvements include a new roof, replacement windows, a new water heater, and porch repairs. The property offers eleven parking spaces (five on-site, six city parking), on-site laundry facilities, and storage lockers. Its prime location on Grand Avenue, a major thoroughfare, ensures high visibility and convenient access to Route 171, Route 64, and public transportation, including the River Grove Metra Station and PACE bus routes. Nearby amenities include River Grove Library, River Front Park, Triton College, Indian Boundary Golf Course, and various shopping centers. The property's current NOI is $48,421, with a pro-forma NOI of $63,452, representing a 5.38% cap rate and a pro-forma cap rate of 7.05%. The asking price is $900,000. This turnkey property offers significant potential for increased cash flow through market rent adjustments and paid parking. The property is zoned 2-12. This is a value-add/turnkey opportunity in a desirable location, approximately 15 miles from the Chicago Loop and six miles from O'Hare International Airport.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Stories
- 1
- APN
- 12-27-406-071
- Assessed value · 2022
- $50,605
- Annual tax · 2022
- $16,655
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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