Listed by Aria Real Estate
$1,325,000
9620 Grand Avenue
Details
APN 12282330290000
Property Type Mixed Use
Sub Type Mixed Use
Units 10
Cap Rate 7.50%
NOI $50,260
Year Built 1961
Stories 2
Lot Size (SqFt) 25,398
Zoning OTHER
Mixed Use | 7.50% CAP
Marketing 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
Listing Contacts
Listed by Aria Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,260.00
$4,188.33/mo
Valuation Metrics
0
DSCR
3.79%
Cap Rate
3.79%
ROI
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