Log In/Sign Up
Your email has been sent.
808 Arlington Ave 12 Unit Apartment Building Offered at $2,300,000 at a 6.60% Cap Rate La Grange, IL 60525
Investment Highlights
- Rarely available 12-unit mixed-use building in downtown La Grange
- 11 junior one (1) bedroom units - 25% below market - built-in rental upside
- Long-term stable commercial tenant - 5,000 SF ground-floor health club anchor
- 0.1 miles from Metra station, steps from La Grange's retail corridor
Executive Summary
Kiser Group has been exclusively enagaged to market the sale of 806–808 W. Arlington Ave., a 12-unit mixed-use property in the heart of downtown La Grange. Offered for the first time in more than 50 years, this rare investment opportunity is located just steps from La Grange's retail corridor and only 0.1 miles from the Metra station. The property has been well maintained, with major capital improvements including a complete tear-off roof replacement (2023), parking lot resurfacing (2017), plumbing upgrades (2017), and security camera installation (2019).
The property consists of eleven (11) junior one-bedroom apartments and one (1) ground-floor commercial space leased through 2029. The residential units feature well-maintained finishes, while current apartment rents average approximately 25–30% below market, presenting a clear value-add opportunity through strategic and gradual rent increases as units turn over.
Located in one of Chicago's premier suburban downtowns, the property offers investors a rare value-add opportunity with stable commercial income and strong upside potential.
The property consists of eleven (11) junior one-bedroom apartments and one (1) ground-floor commercial space leased through 2029. The residential units feature well-maintained finishes, while current apartment rents average approximately 25–30% below market, presenting a clear value-add opportunity through strategic and gradual rent increases as units turn over.
Located in one of Chicago's premier suburban downtowns, the property offers investors a rare value-add opportunity with stable commercial income and strong upside potential.
Property Facts
| Price | $2,300,000 | Property Type | Multifamily |
| Price Per Unit | $191,667 | Building Size | 9,160 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.60% | Year Built | 1925 |
| No. Units | 12 |
| Price | $2,300,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 9,160 SF |
| No. Stories | 2 |
| Year Built | 1925 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 400 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
