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
— the listing agent’s description
The home
Built in 1961
Lot .6 acres
Multi Family 5+
What it’ll cost
$26,064 taxes / yr
No HOA
New today
Estimated monthly payment
$9,436/mo
Principal & interest$6,886
Property taxes$2,172
Homeowners insurance$378
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
Central AirWindow Unit(s)BrickConcrete
Schools nearby
Hester Junior High School · 0.1 mi
Passow Elementary School · 0.1 mi
Saint Gertrude School · 0.2 mi
Pietrini Elementary School · 0.5 mi
North Elementary School · 0.7 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.