Property Overview

Interra Realty has been exclusively engaged to market two buildings, totaling 12 units, located at 8670, and 8674 W. Grand Avenue in River Grove. The subject investment properties consist of (2) six-unit buildings located next door to each at 8670 W Grand and 8674 W Grand. The properties are in close proximity to each other and have been well-maintained by the same ownership for over twenty (20) years.

The portfolio unit mix consists of six (6) 1 bed / 1 bath units and fourteen (14) 2 bed / 1 bath units. The units are heated by baseboard heat and cooled with individual wall A/C units. The properties have seen recent capital improvements across all three buildings. Each property features over 1:1 parking, tenant storage and common laundry.

Ownership will consider individual or portfolio offers. Please note, a portion of the parking lot at 8670 and 8674 W Grand Ave is located in Flood Zone AE.

Highlights

  • Rare Portfolio Sale in Low Sale Velocity Submarket
  • Average Tenancy of 4.9 Years
  • Excellent Unit Mix with 70% 2-Bedroom Units
  • Over 1:1 Parking
  • No Garden Units in Portfolio
  • Long-term Ownership in Great Rental Market

Key Details

Number of Units
Twelve (12)
Submarket
River Grove
Parking Spaces
16 Total Parking Spaces