4608 Grove Avenue
4608 Grove Avenue
$825,000
14
8
—
—
—
Closed 12/10/21
Description
Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current...Excellent investment opportunity! This turn-key 6-unit property has been upgraded and very well maintained to make it an ideal asset to manage with gross income over $86,000. Two ranch-style 3 bd / 2 full bath units ($1400 and $1400) on the first floor and four 2 bd / 1 bath units ($1250, $1100, $1015, $960) on the second floor. Very easy-to-rent area of Brookfield located close to expressways and major roads, public transportation and more. Long-term tenants with many rents way below-market. Current owners have updated boiler pumps and some plumbing, the roof, oversized commercial water heater, repaved parking lot and driveway, and updated some interiors of apartments, common areas, and many appliances. Interior hallway with security doors to exterior. Two sets of fully owned coin-op washers and dryers will be conveyed in the sale. Storage units for each tenant and additional storage closets for owners. With a location in highly rated Lyons Township High School district and just a few blocks to the elementary school, these apartments have been a dream to rent out. Super clean and ready to be someone's favorite new investment. One apartment upgraded with luxury vinyl plank flooring and five apartments with carpet and tile. Building is fully occupied - interior pictures are from when these units were temporarily vacant. Owner is a licensed broker in the state of Illinois.
Property Details for 4608 Grove Avenue
Area
Brookfield
TownshipLyons
Num Of Parking Spaces9.0
Location
LISTING UPDATED: 08/03/2023 12:45 PM
Property Details for 4608 Grove Avenue
Status | Closed |
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MLS # | 11157502 |
Days on Market | 149 |
Taxes | $18,404 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Interior Entrance |
Year Built | 1973 |
Lot Size | 0.28 AC / 12,006 SF |
County | Cook County |
Location
Building Information for 4608 Grove Avenue
Stories-Residences6Year Built1973Building Size-Lot Size0.28 AC / 12,006 SF
Payment Calculator
$6,036 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4608 Grove Avenue
Property History for 4608 Grove Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4608 Grove Avenue
Taxable ValueLand$7,481Additions$52,078Total$59,559
Tax Record2022$21,439 ($1,787 / month)
Home Facts
Baths10Total Finished SqFt7,744 SqFtAbove Grade Finished SqFt7,744 SqFtStories2Lot Size11,970 SqFtStyleMulti-Family Res (5+ Units)Year Built1972CountyCOOKAPN18-03-422-069
Schools near 4608 Grove Avenue
This home is within Lyons School District 103.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicPK to 5 | ||
George Washington Middle School Public6 to 8 | ||
Lyons Twp High School Public9 to 12 | ||
St Barbara School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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