BEDS0
BATHS
SQUARE FEET11,875
MLS#12680538
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Lot Size: 0.58 Acres
Roof Type: Reflective Coating, Rubber
Stories: 2.0
Taxes: $26,064
Year Built: 1961
Feature Descriptions
Electric: Circuit Breakers, Fuses, Separate Meters, Service - 201 to 600 Amps
Exterior: Brick, Concrete, Block, Aluminum Siding
Fire Protection: Alarm Monitored, Fire Extinguisher/s, Smoke or Fire Protectors, Sprinklers, Carbon Monoxide Detector(s)
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Central Bldg Heat, Radiators
Location: High Traffic Area
Lot Dimensions: .6 acres
Parcel#: 12282330290000
Parking: 19-30 Spaces
Tenant Pays: Electricity
Units: 10
Utilities: Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Aria Real Estate
Agency Phone: 877-495-1984
Shown By
Agent Name: Karen Barbagallo
Agent Phone: (815) 988-5577
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 8,432.00 per month $5,882.29 Principal & Interest $2,172.00 Property Tax $377.71 Homeowner's InsuranceChange Payment Information
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9620 Grand Avenue | MLS# 12680538
This multi-family property located at 9620 Grand Avenue , Franklin Park, IL 60131 is currently listed for sale with an asking price of $1,295,000. Search Franklin Park real estate on kbarbagallo.gogambino.com today.