BEDS0
BATHS
MLS#12631048
STATUSActive
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
Agent Name: Penny Edwards
Agent Phone: (815) 703-0586
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 7,091.22 per month $5,673.35 Principal & Interest $1,053.58 Property Tax $364.29 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
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 pedwards.gogambino.com today.