Property Description

Exceptional investment opportunity with this fully occupied, professionally managed 4-unit apartment building offering immediate cash flow and long-term upside. The property has been well maintained with major capital improvements already completed, including a new roof and gutters, exterior door and an efficient hot water boiler with updated controls to help reduce operating costs. Most units have been updated with newer flooring, stainless steel appliances and sleeve A/C units, while Units 3 and 4 feature renovated bathrooms with new tile and toilets. A unique 3-bedroom unit enhances the unit mix and attracts long-term tenants seeking larger living spaces. On-site coin laundry provides additional income, and the property's thoughtful layouts contribute to strong tenant retention. On-site, quality built shed for owners' storage or shed can be rented for additional income. Located in a high-demand rental market, the building is within walking distance of the Congress Park Metra station and downtown La Grange's shopping, dining, and entertainment. Residents also benefit from access to highly regarded school and park districts, with LaGrange Rec Center conveniently located across the street. Consistently low vacancy rates and strong rental demand make this an attractive addition to any investment portfolio. With stable occupancy, proven management, recent capital improvements, and the potential for future rent growth as leases renew, this turnkey asset offers an excellent combination of dependable cash flow, limited near-term capital needs, and long-term appreciation potential.

Property Features

Local Schools