1243 Homestead RD, La Grange Park, IL 60525
1243 Homestead RD, La Grange Park, IL 60525
1243 Homestead RD, La Grange Park, IL 60525
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$1,249,000
Est. payment /mo
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0.26 Acres Lot
Active

1243 Homestead RD La Grange Park, IL 60525

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12631048

Maintenance Fees $5,250

Year Built 1960

Annual Tax Amount $12,643

Tax Year 2024

Lot Size 0.260 Acres

Lot Dimensions 99111

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area La Grange Park

Zoning MULTI

Rooms

Basement Crawl Space

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

Utilities Available Sewer Connected

Roof Type Membrane

Building

Dwelling Type Multi Family 5+

Water Municipal Water

Structure Type Brick

Others

HOA Fee Include None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Warren of  Forte Properties, Inc. 

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Dennis & Karen

Dennis & Karen

Agent

+1(219) 213-3346

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1243 Homestead RD

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