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.
Property Details
Price:
$1,249,000
MLS #:
MRD12631048
Status:
Active
Beds:
3
Baths:
8
Type:
Commercial
Neighborhood:
lagrangepark
Listed Date:
May 6, 2026
Lot Size:
11,062 sqft / 0.26 acres (approx)
Year Built:
1960
See this Listing
Schools
Interior
Cooling
Window Unit(s)
Exterior
Construction Materials
Brick
Roof
Membrane
Stories
2
Financial
HOA Includes
None
Maintenance Fee
$5,250
Tax Year
2024
Taxes
$12,644
Map
Community
- Address1243 Homestead Road La Grange Park IL
- CityLa Grange Park
- CountyCook
- Zip Code60525
Market Summary
Current real estate data for Commercial in La Grange Park as of May 15, 2026
3
Commercial Listed
91
Avg DOM
$816,267
Avg List Price
Property Summary
- 1243 Homestead Road La Grange Park IL is a Commercial for sale in La Grange Park, IL, 60525. It is listed for $1,249,000
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Copyright 2026. All rights reserved.
1243 Homestead Road
La Grange Park, IL


