Property profile

8900 Grand Ave River Grove, IL 60171

OFF-MARKET
Residential income homes
Property ID
US28-0490468
4,804 SF 0.07 ac lot Built 1961
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,804 SF
Lot 0.07 ac (2,900 SF)
APN 12-27-226-021
UPID US28-0490468

Cap rate & NOI

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

Location

8900 Grand Ave River Grove, IL 60171-1346
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
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$448k
Blend (final) Blend
$620k

Owner & transaction history

since 2022
Last sale
$540,000
7 recorded transactions
2022
$540,000
2022
Price N/A
2015
Price N/A
2006
$520,000
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $715,000 +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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