9620 Grand Avenue, Franklin Park, IL 60131 | MLS #12680538 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of Aria Real EstateMREDas Distributed by MLSGrid- MLS# 12680538MLS Provider

9620 Grand AvenueFranklin Park, IL 60131

Commercial · 3 Beds · 11,875 Sq. ft.
$1,295,000 Active

9620 Grand Avenue Overview

Time on Site:
12 days
Visits:
0

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

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9620 Grand Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 11,875
  • Price/Sq.ft. $109

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 12521
  • Fuel Expense: 0
  • Gross Income: 167220
  • Gross Scheduled Income: 167220
  • Insurance Expense: 13434
  • Maintenance Expense: 0
  • Net Operating Income: 91541
  • Operating Expense: 75678
  • Trash Expense: 3542
  • Water Sewer Expense: 6742

Building Information

  • Year Built: 1961

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Franklin Park
  • Township: Leyden

Parking Information

  • Parking Ratio: 2.5

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $26,064.18
  • Tax Year: 2025

General Information

  • Parcel Number: 12282330290000
  • Property Type: Commercial Sale
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 11875

General Information

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters, Service - 201 to 600 Amps
  • Fireplaces Total: 0
  • Foundation Details: Concrete Perimeter
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: .6 acres
  • Lot Size Square Feet: 25398
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Block, Aluminum Siding
  • Roof: Reflective Coating, Rubber

General Information

  • Number Of Units Total: 10
  • Utilities: Sewer Connected

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 5

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

9620 Grand Avenue Neighborhood

Community

60131 (Franklin Park) Demographics

37
Median Age
3,191
Population Density (per sq. mile)
25%
College Educated
$67,903
Estimated Median Income
4,133
Estimated Total Home Owners
1,580
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

9620 Grand Avenue Monthly Cost

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Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

9620 Grand Avenue Market Data

Based on the last 30 days in this zip code

$383,408
Average List Price
$247
Average Price per Square Foot
10
Properties Sold
48
Average Days on Market
35
Properties for Sale
Calculations provided by Reliance Network

9620 Grand Avenue History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Added to Database
June 17, 2026