Welcome to 8824 Cherry - A Turnkey Investment/money making Opportunity! Investors and potentially owner-occupant! This legal 3-unit building is a proven money maker w/ long-term tenants in place and low rents. Fully rented and well-maintained, w/ a lot of room to increase rental amounts to market rates. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath & includes the newer oversized garage spot & has a private dedicated washer/dryer closet, right outside the door. Middle floor has 3 good sized bedrooms 1 1/2 baths, was completely remodeld w/ beautiful finishes, rent here could much higher...Top floor same floor plan as middle floor and in good condition. No history of flooding in this building. Large front side driveway big enough to fit 6 exterior cars. All leases expire 4.30.2026. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 6-7 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!
Property Map
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7 Parking Spaces (1 Garage Spaces), Garage Door Opener, On Site, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Garage Faces Side, Storage, Owned, Garage, Parking included in price
Schools
East Leyden High School (212), River Grove Elementary School (85.5), River Grove Elementary School (85.5)
For more information about 8824 Cherry, River Grove, IL 60171 contact Corcoran Urban Real Estate.
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