BEDS0
BATHS
MLS#12631048
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.26 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $12,643
Year Built: 1960
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
Foundation: Brick/Mortar
Frontage Type: City Street
HVAC: Gas, Hot Water
Lot Dimensions: 99111
Miscellaneous Indoor: Laundry Room
Parcel#: 15284200130000
Parking: 6-12 Spaces, Assigned Spaces
Tenant Pays: Electricity
Units: 7
Utilities: Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Forte Properties, Inc.
Agency Phone: 708-315-7310
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,197.61 per month $2,779.73 Principal & Interest $1,053.58 Property Tax $364.29 Homeowner's InsuranceChange Payment Information
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1243 Homestead Road | MLS# 12631048
This multi-family property located at 1243 Homestead Road , La Grange Park, IL 60525 is currently listed for sale with an asking price of $1,249,000. Search La Grange Park real estate on www.bhhscrosby.com today.