$ 1,249,000
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$1,249,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 28588 - 246383,263919
Check out this well-maintained 7-unit investment opportunity in desirable La Grange Park. This arm-chair investment property is a strong, stable investment property but also has so much potential upside for a new owner! Each unit includes an assigned parking space, adding tenant convenience and long-term value. Tenants pay their own gas and electric, helping keep operating expenses low. Additional income generated through shared coin laundry. Several units have been recently renovated with modern finishes, including new cabinetry, countertops, and LVP flooring, offering upside in rents while minimizing near-term capital expenditures. Vintage units can be turned in the same fashion to generate more income for the owner and can follow the proven strategy implemented by the owner now. Ownership has consistently maintained the building with annual roof coating and upkeep. Major mechanical updates include a new hot water storage tank (2024) and updated hot water boiler (for hot water, not heating) and piping (2025). Strong location near Brookfield Zoo, public transportation, top rated LT school district, and convenient shopping supports stable tenant demand and long term appreciation.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
12631048
Year Built
1960
Total Square Footage
0
Lot/Acreage
0.25
County
Cook
Area
La Grange Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 99111
- Zoning: MULTI
- Roof: Membrane
- Others:
- Sewer:
- Parking Features: 6-12 Spaces,Assigned Spaces
Financial Details
- Tax Amount: $12,644
- Taxes w/Assessments: N/A
- Tax/Property ID: 15284200130000
- Tax Year: 2024
Payment Calculator
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Questions About..
1243 Homestead Rd La Grange Park, IL 60525
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