Keller Williams Infinity
Listed by Keller Williams Commercial, Keller Williams Infinity
$895,000
La Grange Park Apartments
Details
APN 15273300290000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,332
Net Rentable (SqFt) 7,332
Units 5
Occupancy 100%
Pro-Forma Cap Rate 7.53%
Pro-Forma NOI $67,415
Price per SqFt $122
Year Built 1952
Buildings 1
Stories 3
Acreage 0.170
Parking Spaces 5 spaces
Parking Per SqFt 0.68
Ownership Fee Simple
Multifamily | 4 Units | Prime Location
Marketing description
1106 Alima Terrace presents an opportunity to acquire a well-maintained 4-unit multi-family asset in La Grange Park, Illinois. The property sits on a 7,332 SF lot and offers a compelling option for both investors and owner-occupants looking to build equity while generating income. Three units are available immediately, providing a clear path to increase rents to market rates and capture upside from day one. Units feature central heat and air (forced air electric/gas), and the property has newer electric panels and meters. Additional amenities include 4 Car Detached-Garage and surface-level parking, tenant storage, and on-site laundry. Ideally located near multiple interstates and just minutes from downtown La Grange's restaurants and shopping, this property offers strong rental demand, accessibility, and long-term growth potential in a desirable submarket.
Listing Contacts
Keller Williams Infinity
Listed by Keller Williams Commercial, Keller Williams Infinity
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