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1211 Homestead Rd
La Grange Park, IL 60526
Multifamily Property For Sale
·
7 Units
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
Property Facts
| No. Units | 7 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 5,200 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1957 |
| 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 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $30,604 | |
| Land Assessment | $9,240 | Total Assessment | $39,844 |
Property Taxes
Parcel Numbers
Land Assessment
$9,240
Improvements Assessment
$30,604
Total Assessment
$39,844
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