David Mirdadi - Chicagoland Brokers Inc Logo
$1,295,000
( $109.05Per Sq Foot )
 $6,952 est/mo Sourced by Back At You

9620 Grand Avenue,Franklin Park, IL 60131

Franklin Park, IL 60131

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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

Details

MLS #12708594
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive Under Contract
Year1961
Days On Site37
Listing Provided ByAria Real Estate | Jacob Blieden

Features

SQ Feet11,875
Story(s)2
Units10
ZoningOTHER
Acreage0.60

Interior

CoolingCentral Air, Window Unit(s)
Fireplaces Total0

Exterior

RoofReflective Coating, Rubber
Foundation DetailsConcrete Perimeter
Construction MaterialsBrick, Concrete, Block, Aluminum Siding

Utilities

UtilitiesElectric to Site, Natural Gas Available, Sewer Connected
ElectricCircuit Breakers, Fuses, Separate Meters, Service - 201 to 600 Amps

Taxes

Tax Year2025
Tax Annual Amount26064.18

Area Information

StateIL
CountyCook
CityFranklin Park
Zip Code60131
AreaFranklin Park
Listing VS Median (in 60131)
Price:
$1,295,000
low | high
Med:
$399,000
100% of Average
sqft:
11,875
low | high
Med:
2,050
100% of Average
$ / sqft:
$109
low | high
Med:
$195
28.47725774555% of Average
On site:
37
low | high
Med:
41
90.243902439024% of Average
Sourced by Back At You

Market Activity 60131

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Learn More About This Property

David Mirdadi

David Mirdadi

Chicagoland Brokers Inc

 (773) 455-6666homes@mirdadi.com
StateIL
CountyCook
CityFranklin Park
Zip Code60131
AreaFranklin Park
Listing VS Median (in 60131)
Price:
$1,295,000
low | high
Med:
$399,000
100% of Average
sqft:
11,875
low | high
Med:
2,050
100% of Average
$ / sqft:
$109
low | high
Med:
$195
28.47725774555% of Average
On site:
37
low | high
Med:
41
90.243902439024% of Average
Sourced by Back At You
Listing Updated: July 19, 2026 at 2:10:24 AM PDT

David Mirdadi - Chicagoland Brokers Inc