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Multi Family 5+ · Franklin Park, IL
$1,295,000
beds · baths
9620 Grand Avenue, Franklin Park, IL, 60131
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

Central air
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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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
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New today
Price history
Listed for sale
Jun 17, 2026
$1,295,000
Earlier records
Listed
May 13, 2026
$1,325,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$26,064/yr
Assessed value
2025
County assessor
$23,634
2024
$15,442
2023
$15,442
2022
$15,442
2021
$11,248
2020
$11,246
2019
$11,246
2018
$19,258
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.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Jacob Blieden · Aria Real Estate
Listing last updated Jun 17, 2026 · data refreshed from the MLS Jun 17, 2026, 9:13 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 9:13 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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