Tim Zielonka

Managing Broker / Realtor License ID: 471.004901

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$ 785,000

$ 789,000 0.5%

Est. payment | -/mo

7 Beds

4 Baths

8,276 Sqft Lot

$ 785,000

$ 789,000 0.5%

Est. payment | -/mo

7 Beds

4 Baths

8,276 Sqft Lot

Key Details

Sold Price $785,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12735216

Sold Date 09/30/26

Bedrooms 7

Year Built 1965

Annual Tax Amount $13,061

Tax Year 2023

Lot Size 8,276 Sqft

Lot Dimensions 67X125

Property Sub-Type Two to Four Units

Property Description

Exceptional investment opportunity with this fully occupied, professionally managed 4-unit apartment building offering immediate cash flow and long-term upside. The property has been well maintained with major capital improvements already completed, including a new roof and gutters, exterior door and an efficient hot water boiler with updated controls to help reduce operating costs. Most units have been updated with newer flooring, stainless steel appliances and sleeve A/C units, while Units 3 and 4 feature renovated bathrooms with new tile and toilets. A unique 3-bedroom unit enhances the unit mix and attracts long-term tenants seeking larger living spaces. On-site coin laundry provides additional income, and the property's thoughtful layouts contribute to strong tenant retention. On-site, quality built shed for owners' storage or shed can be rented for additional income. Located in a high-demand rental market, the building is within walking distance of the Congress Park Metra station and downtown La Grange's shopping, dining, and entertainment. Residents also benefit from access to highly regarded school and park districts, with LaGrange Rec Center conveniently located across the street. Consistently low vacancy rates and strong rental demand make this an attractive addition to any investment portfolio. With stable occupancy, proven management, recent capital improvements, and the potential for future rent growth as leases renew, this turnkey asset offers an excellent combination of dependable cash flow, limited near-term capital needs, and long-term appreciation potential.

Location

State IL

County Cook

Area Brookfield

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Baseboard

Fireplace N

Exterior

Community Features Park, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Congress Park Elementary School

Middle Schools Park Junior High School

High Schools Lyons Twp High School

School District 102 , 102, 204

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Anthony Giannini of Real Property Management
Bought with Tracy Tran of Coldwell Banker Realty

Schools and Properties Nearby

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