1243 Homestead Road
La Grange Park, IL, 60525
$1,249,000
3 Beds
8 Baths
0 SqFt
0.26 Acres
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MLS #MRD12631048 image #0
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
La Grange ParkLagrangepark

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Roof
Membrane
Stories
2

Financial

HOA Includes
None
Maintenance Fee
$5,250
Net Operating Income
$70,875
Tax Year
2024
Taxes
$12,644

Map

Community

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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1243 Homestead Road
La Grange Park, IL