Property profile

8824 Cherry Ave River Grove, IL 60171

OFF-MARKET
Residential income homes
Property ID
US28-2715169
3,416 SF 0.09 ac lot Built 1966
Entity Owned 4-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,416 SF
Lot 0.09 ac (3,706 SF)
APN 12-27-221-067
UPID US28-2715169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8824 Cherry Ave River Grove, IL 60171-1393
River Grove metro Census 811200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$680k
Comparable Approach Comparable
$491k
Blend (final) Blend
$605k

Owner & transaction history

since 2022
Last sale
$525,000
3 recorded transactions
2022
Price N/A
2022
$525,000
2019
$370,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $750,000 +63.9%
Retail stores $510,000 +11.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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