Address
534 S La Grange Road, La Grange, IL
Price
$ 1,199,000
Property Attributes
  • ID#12726804
  • TypeMulti-Family
  • Listing Status Contingent
  • CountyCOOK
  • CityLa Grange
  • AreaLa Grange
  • NeighborhoodCountry Club
  • Zip60525
  • Style
  • Year Built1977
  • Taxes$ 17551
  • Price$ 1,199,000
  • Bedrooms9
  • Full Bathrooms8
  • Half Bathrooms3
  • Lot Size0.28 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

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)

Elementary School Middle School High School
Spring Ave Elementary School Wm F Gurrie Middle School Lyons Twp High School
Price History
8/18/2026 Listed $1,199,000

General Features

Sewer Public Sewer
Heating Natural Gas,Baseboard
Possession Closing
Roof Asphalt
Garage Spaces 2
Construction Materials Brick
Year Built 1977
Township Lyons
Tax Year 2024
Ownership Fee Simple
Community Features Park,Tennis Court(s),Curbs,Sidewalks,Street Lights,Street Paved
County Cook
Insurance Expense 3658
New Construction No
Property Type Residential Income
Contingency Attorney/Inspection
Subdivision Name Country Club
Total Rooms 20
Status Contingent
Directions West side of La Grange Rd. between 47th St. and 48th St.
High School Lyons Twp High School
City La Grange
High School District 204
MLS Area La Grange
Elementary School Spring Ave Elementary School
Tax Annual Amount 17551.53
Electric Expense 1028
Middle/Junior High School Wm F Gurrie Middle School
Trash Expense 2542
Water Sewer Expense 3370
Standard Status Active Under Contract
Middle/Junior School District 105
Elementary School District 105
Property Type Two to Four Units

Interior Features

Basement Partially Finished,Full
Total Bedrooms 9
Room Type Workshop
Total Baths 8
Bedrooms Possible 9
Full Baths Building 5
Half Baths Building 3
Total Number of Units 4

Exterior Features

Parking Features Yes,Garage Owned,Attached,Assigned,Owned,Garage
Water Source Lake Michigan,Public
Total Parking 7
Lot Dimensions 118x104
BuyerOfficeFax (708) 456-3836
Lot Size Acres 0.28
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60525

Price
AVG $730K
$1.2M
Taxes
AVG $13,340
$17,551
Year Built
AVG 1925
1977
Visits
AVG 20
30
Data Provided by Inside Real Estate®

Areas We Cover