1243 Homestead Road, La Grange Park, IL 60525
Cook County
Key Facts
Description
Check out this well-maintained 7-unit investment opportunity in desirable La Grange Park. This arm-chair investment property is a strong, stable investment property but also has so much potential upside for a new owner! Each unit includes an assigned parking space, adding tenant convenience and long-term value. Tenants pay their own gas and electric, helping keep operating expenses low. Additional income generated through shared coin laundry. Several units have been recently renovated with modern finishes, including new cabinetry, countertops, and LVP flooring, offering upside in rents while minimizing near-term capital expenditures. Vintage units can be turned in the same fashion to generate more income for the owner and can follow the proven strategy implemented by the owner now. Ownership has consistently maintained the building with annual roof coating and upkeep. Major mechanical updates include a new hot water storage tank (2024) and updated hot water boiler (for hot water, not heating) and piping (2025). Strong location near Brookfield Zoo, public transportation, top rated LT school district, and convenient shopping supports stable tenant demand and long term appreciation.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1960
Stories
2
Lot Size
0.26 acres
Lot Dimensions
99111
Zoning
MULTI
Days on Market
71
MLS® Listing#
12631048
Property Features
- Cooling:
- Window Unit(s)
- Basement:
- Crawl Space
- Construction:
- Brick
- Foundation:
- Brick/Mortar
- Roof:
- Membrane
- Utilities:
- Sewer Connected
HOA & Tax
- Annual Tax:
- $12,644 (2024)
- Parcel #:
- 15284200130000
Directions
La Grange Rd to 31st Street
Affordability Calculator
$239,000
Estimated monthly payment
$6,360/mo
Principal $956,000 · Est. interest $1,333,705 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in La Grange Park, IL
- $351,402
- Median Listing Price
- 31
- Median Days on Market
- 1,680
- Median Sq Ft
- $211
- Median Price / Sq Ft
- 1,069
- Active Listings
- This home’s price is 240% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in La Grange Park, IL.
Location
- 1243 Homestead Road, La Grange Park, IL 60525
Walk Score
Nearby Schools
Childrens House Montessori School
Elementary · 0.3 mi away
Lyons Township School
School · 0.4 mi away
Barnsdale Road School
Elementary · 0.4 mi away
Forest Road School
Elementary · 0.5 mi away
Brook Park Elementary School
Elementary · 0.5 mi away
St Louise de Marillac School
School · 0.6 mi away
Montessori Childrens Community
Elementary · 1.0 mi away
School District 95
Secondary · 1.1 mi away
Komarek School District
Elementary · 1.2 mi away
Westchester Primary School
Elementary · 1.2 mi away
Westchester Middle School
Secondary · 1.3 mi away
Westchester Christian School
School · 1.3 mi away
Divine Infant Church
School · 1.3 mi away
Divine Providence
School · 1.3 mi away
St. Paul's Lutheran School
Elementary · 1.4 mi away
Ogden Avenue School
Elementary · 1.4 mi away
La Grange School District 102
School · 1.4 mi away
Park Junior High School
Secondary · 1.4 mi away
Kensington School
School · 1.4 mi away
St Francis Xavier School
Secondary · 1.5 mi away
Commute Calculator
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EXIT Agents in La Grange Park
Listing Courtesy: Forte Properties, Inc. - 7083157310
Last Updated: 2026-05-06