534 S La Grange Road, La Grange, Illinois 60525
- $1,199,000
- 9
- BD
- 8
- BA
- List Price
- $1,199,000
- MLS#
- 12726804
- Status
- CONTINGENT
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 9
- Bathrooms
- 8
- County
- Cook
- City
- La Grange
- Neighborhood
- La Grange
- Days On Market
- Unknown
Property Description
Positioned in one of Chicago's most desirable suburban rental markets, this solid all-brick, thoroughly updated, five-unit investment property (four residential units plus a legal non-conforming owner's unit) offers immediate income with exceptional long-term potential. Well-maintained, recently updated and consistently occupied, the building provides a strong foundation for investors seeking dependable cash flow in a location where rental demand remains high. Just five blocks from vibrant downtown La Grange and the Metra station, with the Pace bus line just outside, residents enjoy an unbeatable commuter-friendly location with easy access to restaurants, boutiques, parks, and everyday conveniences. The property can generate more than $9,000 in monthly rental income, with additional revenue from seven parking spaces, including two garage spaces and five exterior spaces. (One unit is currently vacant to facilitate showing the property.) On-site coin-operated laundry, dedicated tenant storage and the additional owner's unit add further value and convenience. Recent updates include low-maintenance luxury vinyl plank floors and new vinyl windows throughout. All kitchens and baths have been renovated with new cabinetry, quartz or granite countertops, stainless steel sinks and appliances and new bathroom tile, vanities, and walk-in showers. An HOA was formed by the building owners in this attractive courtyard of properties in order to maintain the driveways and parking area, lawn care and snow removal. The dues are reasonable and allow for a consistent, cared-for appearance throughout without all the extra work. Located within a top-rated school district and surrounded by the charm and amenities that make La Grange so desirable, this is a rare chance to own a turnkey multifamily asset with stable income today and room to grow tomorrow. Whether you're adding to an established portfolio or purchasing your first investment property, this is an opportunity that combines location, stability, and a future upside in a turnkey building that will generate broad appeal for qualified tenants. (FLOOR PLAN FOR 3 BR UNIT IS STILL IN PROGRESS)
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Additional Information
- School District
- 204
- Elementary School
- Spring Ave Elementary School
- Middle School
- Wm F Gurrie Middle School
- High School
- Lyons Twp High School
- Subdivision
- Country Club
- Corporate Limits
- La Grange
- Tax Year
- 2024
- Year Built
- 1977
- Lot Dimensions
- 118x104
- Lot Size Range
- .25-.49 Acre
- Units
- 4
- Garage Spaces
- 2
- Parking Spaces
- 7
- Parking Details
- Yes, Garage Owned, Attached, Assigned, Owned, Garage
- Heating
- Natural Gas, Baseboard
- Sewer
- Public Sewer
- Basement
- Yes
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