516 S La Grange Road, La Grange, IL 60525 For Sale

Exceptional investment opportunity with HUGE upward potential in highly sought-after La Grange! This well-maintained all-brick 4-unit building, plus an additional finished basement unit, offers outstanding cash flow and long-term upside in one of Chicago's most desirable suburban rental markets. Ideally located along the Pace bus line and just five blocks from vibrant downtown La Grange, residents enjoy easy access to the Metra station, popular restaurants, boutique shopping, and everyday conveniences-making this a prime location for commuters and renters alike. The property generates approximately $10,000 per month in rental income, with three units occupied by long-term tenants, providing immediate stability and consistent returns. Recent capital improvements include a new roof and most windows have been replaced, helping minimize future maintenance costs. The additional two-bedroom owner's unit has been remodeled with newer flooring and cabinetry and the first-floor three-bedroom, 1.1 bath unit was completely renovated in the last few years with upscale design and modern finishes and is currently rented as a fully-furnished unit. Additional income potential comes from nine total parking spaces, including two rented garage spaces in the brick garage and seven exterior parking spots. Tenants also benefit from on-site coin laundry and extra storage. An HOA was formed by the building owners in this attractive courtyard of properties in order to maintain the driveways and parking area, lawn care and snow removal. The dues are reasonable and allow for a consistent, cared-for appearance throughout without all the extra work. Located within a highly regarded school district and surrounded by strong rental demand, this is a rare opportunity to acquire a turnkey, income-producing asset in an exceptional location. Whether you're expanding your portfolio or seeking a stable investment with strong cash flow, this La Grange multifamily property checks all the boxes.