534 S La Grange RoadLa Grange, IL 60525

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)

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1977

Lot size

0.28 acres

Lot dimensions

118x104

Garage spaces

2

Parking spaces

7

Ownership

Fee Simple

Days on market

41

MLS^® Listing#

12726804

Property Features

Heating

Natural Gas · Baseboard

Basement

Partially Finished · Full

Parking

Attached · Assigned · Garage

Patio

Patio

Construction

Brick

Roof

Asphalt

Other structures

Workshop

Community

Park · Tennis Court(s) · Curbs · Sidewalks · Street Lights

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Spring Ave Elementary School

Middle

Wm F Gurrie Middle School

High

Lyons Twp High School

District

Lyons Twp High School

Financial Details

Annual taxes

$17,552Tax year 2024

Parcel number

18091070320000

Directions

West side of La Grange Rd. between 47th St. and 48th St.