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1211 Homestead Rd 7 Unit Apartment Building $1,190,000 ($170,000/Unit) 7.68% Cap Rate La Grange Park, IL 60526
Investment Highlights
- 7 unit all brick multifamily building located in a highly desirable suburban market near Downtown La Grange
- Ongoing ownership investment with several units renovated and in place rents pushed to current market levels
- In place rents around $1,499 per month supported by coin operated laundry, 10 on site parking spaces, and approximately $91,367 in annual NOI
- Unit mix consists of seven 1 bedroom 1 bathroom apartments with strong and consistent tenant demand
- Unit A currently vacant and under renovation with expected lease up prior to closing creating a stabilized income profile
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$127,128
|
$24.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,128
|
$24.45
|
| Taxes |
$10,776
|
$2.07
|
| Operating Expenses |
$24,984
|
$4.80
|
| Total Expenses |
$35,760
|
$6.88
|
| Net Operating Income |
$91,368
|
$17.57
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $127,128 |
| Annual Per SF | $24.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $127,128 |
| Annual Per SF | $24.45 |
| Taxes | |
|---|---|
| Annual | $10,776 |
| Annual Per SF | $2.07 |
| Operating Expenses | |
|---|---|
| Annual | $24,984 |
| Annual Per SF | $4.80 |
| Total Expenses | |
|---|---|
| Annual | $35,760 |
| Annual Per SF | $6.88 |
| Net Operating Income | |
|---|---|
| Annual | $91,368 |
| Annual Per SF | $17.57 |
Property Facts
| Price | $1,190,000 | Apartment Style | Low-Rise |
| Price Per Unit | $170,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.68% | Building Size | 5,200 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Price | $1,190,000 |
| Price Per Unit | $170,000 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
Amenities
Unit Amenities
- Disposal
- Heating
- Tub/Shower
- Instant Hot Water
- Window Coverings
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,499 | - |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $39,844 | |
| Land Assessment | $9,240 | Annual Taxes | $10,776 ($2.07/SF) |
| Improvements Assessment | $30,604 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$9,240
Improvements Assessment
$30,604
Total Assessment
$39,844
Annual Taxes
$10,776 ($2.07/SF)
Tax Year
2025
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1211 Homestead Rd
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