Excellent 6-Unit Multi-Investment Opportunity in River Grove! All-brick building featuring five spacious 2-bedroom, 1-bath apartments and one 3-room, 1-bath apartment. The property offers approximately 4,200 SF of building area on a 6,000 SF lot, with 10 rear parking spaces and a convenient interior corridor layout. Current rental income is approximately $111,060 annually, with reported annual expenses of approximately $42,725 and an estimated $68,334 NOI, reflecting a 6.51 cap rate at the list price of $1,050,000. Units are separately metered for electricity, with tenants paying electric. Building amenities include on-site laundry, six ranges, six refrigerators, hot-water heat, window A/C, municipal water and public sewer. Partially finished basement provides additional utility and storage space. Conveniently located near shopping, restaurants, transportation and major roadways. A solid opportunity for investors seeking an income-producing multi unit asset in a desirable location.

Based on information submitted to MRED as of August 25, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Property Details of 8038 Grand Avenue

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Finance

Map Location

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4 Sale Realty Advantage LLC