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Listed by Jacob Bliedenof Aria Real Estate
$ 1,325,000
Est. payment | /mo
11,875 SqFt
$ 1,325,000
Est. payment | /mo
11,875 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,875 sqft
Price per Sqft $111
MLS Listing ID 12644133
Year Built 1961
Annual Tax Amount $26,362
Tax Year 2025
Lot Dimensions .6 acres
Property Sub-Type Mixed Use
Property Description
Excellent opportunity to acquire an amazing 8.0% cap rate mixed-use investment property in the heart of Franklin Park. Located at 9620-9626 W Grand Ave, this stabilized asset features a strong income-producing unit mix consisting of 7 residential apartments and 3 commercial storefronts. The residential portion includes five 1-bedroom units and two 2-bedroom units, all fully occupied with consistent rental history. The commercial component is anchored by two solid tenants providing reliable in-place income and long-term stability. Property offers diversified cash flow with a balanced mix of residential and commercial revenue streams, making it attractive for both investors and 1031 exchange buyers. Well-positioned along Grand Avenue with strong visibility, convenient access to major transportation routes, O'Hare Airport, and surrounding retail amenities. The property benefits from steady tenant demand in a well-established rental corridor. Ideal opportunity for investors seeking a stabilized mixed-use asset with immediate cash flow and future upside potential through continued rent optimization and long-term appreciation. Possibility of seller financing
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling Central Air, Window Unit(s)
Flooring Varies
Fireplace Y
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
View Y/N true
Roof Type Reflective Coating,Rubber
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick,Concrete,Block,Aluminum Siding
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NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States