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$ 1,249,000
Est. payment /mo
Active
1243 Homestead RD La Grange Park, IL 60525
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12631048
Maintenance Fees $5,250
Year Built 1960
Annual Tax Amount $12,643
Tax Year 2024
Lot Size 0.260 Acres
Lot Dimensions 99111
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area La Grange Park
Zoning MULTI
Rooms
Basement Crawl Space
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Sewer Connected
Roof Type Membrane
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick
Others
HOA Fee Include None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Warren of Forte Properties, Inc.
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