Franklin Park, IL 60131 9830-32 W Grand Avenue

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Presented By: Caporale Realty Group
  • MLS# 12070978
  • 05/31/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 1

Home Details

Prime investment opportunity to add to your portfolio. Attractive, All brick, well maintained 8 unit building in Prime Franklin Park Location maintained by the same ownership for over 30 years! This asset is comprised of 7 -1 bedroom units and 1 studio. Spacious units featuring hardwood floors, ample closet space, oak cabinet kitchens with ceramic tile flooring in most, including ceramic tiled bathrooms. Tenants have the convenience of Storage units and on-site laundry, owned by the Seller. Separate secure boiler room. 8 parking spots directly behind the building. Long term tenants-rents should be higher, 6 of the 8 units are month to month, 1 vacant unit. Rents are low and can be much higher. Similar 1 bedroom units in the area are renting for $1,350/month, Studio units $800. Raising rents to market rate would generate an additional $31,800 annually. Property is located in a flood zone, seller has begun the appeal with FEMA.
Presented By: Caporale Realty Group

Interior Features for 9830-32 W Grand Avenue

Other Interior Features

BasementSlab

General for 9830-32 W Grand Avenue

Additional Parcels Y/NYes
CityFranklin Park
CoolingWall Sleeve
CountyCook
Days on Market27
DirectionsGrand Ave., East of Mannheim Rd., North side of street
ElectricCircuit Breakers
Electric Expense
Fuel Expense8400
Gross Income6600
Insurance Expense10924
MLS AreaFranklin Park
MaintenanceExpense
Net Operating Income31263
NumberOfUnitsTotal8
Operating Expense47937
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount19013
Tax Year2022
Tenant PaysElectricity
TownshipLeyden
Trash Expense2400
Water Sewer Expense7200
Year Built1965

Exterior for 9830-32 W Grand Avenue

ExteriorBrick
Foundation DetailsConcrete Perimeter
Lot Dimensions8750

Additional Details

Price History

Worth Clark

Price $829,900
MLS#12070978
List Date 05/31/2024
Property Type Multi-Family
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