9620 Grand Avenue, Franklin Park, IL
  • $1,295,000

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 Courtesy of: Aria Real Estate

Details

Updated on June 18, 2026 at 11:19 pm
  • Property ID MRD12680538
  • Price $1,295,000
  • Year Built 1961
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 12282330290000
  • Water Source Municipal Water
  • MLS Status New
  • Co List Agent MLS ID MRD874988
  • Cumulative Days On Market 1
  • Tax Annual Amount 26064.18
  • Cooling Central Air,Window Unit(s)
  • Directions Heading South on Rose Street, turn west on grand and you will find parking for the building immediately turning north on Gustav
  • BuildingAreaTotal 11875
  • LotSizeSquareFeet 25398
  • StoriesTotal 2
  • Zoning OTHER
  • Address 9620 Grand Avenue
  • City Franklin Park
  • State/county IL
  • Zip/Postal Code 60131
  • Country United States

Overview

Property ID: MRD12680538
  • Multi Family
  • Property Type
  • 1961
  • Year Built

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