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)
Property Details
Price:
$1,199,000
MLS #:
MRD12726804
Status:
Active Under Contract
Beds:
9
Baths:
8
Type:
Multi Family
Subdivision:
Country Club
Neighborhood:
lagrange
Listed Date:
Aug 17, 2026
Year Built:
1977
See this Listing
Schools
School District:
204
Elementary School:
Spring Ave Elementary School
Middle School:
Wm F Gurrie Middle School
High School:
Lyons Twp High School
Interior
Heating
Natural Gas, Baseboard
Exterior
Community Features
Park, Tennis Court(s), Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
2
Parking Features
Yes, Garage Owned, Attached, Assigned, Owned, Garage
Parking Spots
7
Parking Total
7
Patio And Porch Features
Patio
Roof
Asphalt
Financial
Tax Year
2024
Taxes
$17,552
Map
Community
- Address534 S La Grange Road La Grange IL
- SubdivisionCountry Club
- CityLa Grange
- CountyCook
- Zip Code60525
Market Summary
Current real estate data for Multi Family in La Grange as of Oct 08, 2026
3
Multi Family Listed
29
Avg DOM
$857,633
Avg List Price
Property Summary
- Located in the Country Club subdivision, 534 S La Grange Road La Grange IL is a Multi Family for sale in La Grange, IL, 60525. It is listed for $1,199,000
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Copyright 2026. All rights reserved.
534 S La Grange Road
La Grange, IL


