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Tony Ciancanelli

tony.ciancanelli@exprealty.com +1(708) 670-6334

$ 1,199,000

Est. payment | -/mo

9 Beds

8 Baths

0.28 Acres Lot

Save

$ 1,199,000

Est. payment | -/mo

Save

9 Beds

8 Baths

0.28 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Country Club

MLS Listing ID 12726804

Bedrooms 9

Year Built 1977

Annual Tax Amount $17,551

Tax Year 2024

Lot Size 0.280 Acres

Lot Dimensions 118x104

Property Sub-Type Two to Four Units

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)

Location

State IL

County Cook

Area La Grange

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas, Baseboard

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Spring Ave Elementary School

Middle Schools Wm F Gurrie Middle School

High Schools Lyons Twp High School

School District 105 , 105, 204

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Shannon Kutchek of Compass

Nearby Locations

Helping buyers and sellers move with convidence

+1(708) 670-6334

tony.ciancanelli@exprealty.com

1000 Essington Rd, Joliet, IL 60435-2841, USA

534 S La Grange RD La Grange, IL 60525