Contact us: 563.441.1776
Description
Excellent opportunity to acquire an amazing 7.5% 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
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1961
General Information
County: Cook
Listed By:
Aria Real Estate
877-495-1984
MRED MLS
MLS ID: 12708594
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9620 Grand Avenue, Franklin Park, IL 60131.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,295,000 | $1,295,000 | $1,295,000 |
| Down Payment | $45,325 | $0 | $259,000 |
| Monthly Mortgage Amount | $7,829 | $8,145 | $6,463 |
| Taxes | $1802 | $1802 | $1802 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $777 | $0 | $0 |
| Monthly Estimated Total | $10,786 | $10,325 | $8,643 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/25/2026. The listing information on this page last changed on 07/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/25/2026 1:41:08 AM EST) or MRED MLS (last updated Sat 07/25/2026 1:36:07 AM EST) or SCWMLS (last updated Fri 07/24/2026 11:54:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 07/24/2026 10:16:08 PM EST) or Cedar Rapids MLS (last updated Fri 07/24/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Sat 07/25/2026 1:18:42 AM EST) or ICAAR MLS (last updated Fri 07/24/2026 11:37:37 PM EST) or ECIMLS (last updated Fri 07/24/2026 11:44:35 PM EST) or RMLSA (last updated Sat 07/25/2026 1:10:56 AM EST) or Muscatine MLS (last updated Sat 07/25/2026 1:30:09 AM EST) or No Coast MLS (last updated Sat 07/25/2026 12:44:23 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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