ON MARKET - MULTI-FAMILY
8465-8471 W Grand Avenue River Grove, IL 60171
PRICE
$12,900,000
NUMBER OF UNITS
48
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 8465-71 W. Grand Ave., located in River Grove, a northwestern suburb of Chicago, Illinois. This new construction property, consisting of forty-eight luxury apartments, was completed in 2018.

The Subject Property consists of four (4) twelve- (12) unit buildings. Each building is comprised of Twelve (12) two-bedroom/two-bath apartments. The units feature gourmet kitchens, modern bathrooms, individual HVAC units, domestic hot water tanks, and in-unit laundry. Each residence also includes a private balcony or gated outdoor area. The Property also includes forty-eight (48) surface parking spaces in front of all four buildings.

Investors have the option to acquire the property individually or as part of a portfolio alongside 8538 W. Grand Ave. and 7353 W. Grand Ave. (18 units). This presents a unique opportunity for an investor to acquire three exceptionally well-constructed, low-maintenance assets.

LOCATION DETAILS

Located about 15 miles west of Chicago, River Grove encompasses just under two and a half square miles and is bordered by Melrose Park to the south, Franklin Park to the west, and Elmwood Park to the east. River Grove is a primarily residential neighborhood with a mixture of single-family homes, townhouses, and apartments. The community is known for its tree-lined streets, well-maintained homes, and friendly residents.

The village is conveniently located near major highways, including Interstate 294 and Interstate 290, making it easy to commute to and from work or travel to nearby attractions. In addition, it’s just a short drive away from O’Hare International Airport, which provides easy access to both domestic and international destinations.

HIGHLIGHTS
  • New Construction Delivered in 2018
  • Forty-Eight (48), 2 Bed / 2 Bath Units & (48) Surface Parking Spaces
  • High-Quality Construction Throughout
  • Individual Balconies or Patios
  • 0.3 Miles (8 min walk) to River Grove Metra Station
LISTING BROKERS
Principal
773.305.4840
Managing Director
773.305.4892
Associate
773.305.4848