$1,150,000

314 Beach Avenue, La Grange Park, IL 60526

Commercial Property
Built in 1966
—— sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

8-Unit Investment Opportunity in the Heart of La Grange Park! This well-maintained building is a rare chance to acquire strong-performing real estate in one of the western suburbs' most desirable communities. ***This is 8 units from one owner out of a 12 unit condo building*** The property features eight spacious 2-bedroom apartments, with five units recently renovated, ensuring a mix of immediate income stability and future value-add potential. Property Highlights:Unit mix is 8 large two-bedroom apartments, 5 units recently renovated with modern finishes. Individually pinned (8 PINs) - offering resale, financing, or condo conversion flexibility Reliable hot water baseboard heating system with new outdoor reset system put in cutting energy costs in half. Roof is 3 years old plus recently updated windows. Building size: 8,456 SF on an oversized 103' x 110' lot (11,330 SF) On-site parking lot and convenient laundry facilities owned by the seller. Solid mid-century construction, built in 1966 Location Advantages - La Grange Park Situated at 314 Beach Ave, tenants enjoy a walkable, residential setting with access to downtown La Grange & Brookfield - shopping, dining, and entertainment, Metra commuter rail - easy access to downtown Chicago Brookfield Zoo, bike trails, and local parks - lifestyle amenities that attract long-term renters. Top-rated schools and a family-friendly neighborhood environment the property provides hands-off cash flow today while leaving plenty of upside through rental growth and continued modernization. At $143,750 per unit, this portfolio opportunity offers both immediate returns and long-term investment flexibility in a proven, high-demand market.

Listing Status:: Active
Listing Office:: Coldwell Banker Realty : 312-208-9800
Listing Agent:: Daniel Merrion : 312-208-9800
MLS ID:: 12451327

Originating MLS: mred
County: Cook

Zoning: OTHER15334180171005

Source: mred

This listing courtesy of Daniel Merrion, Coldwell Banker Realty

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Lyons Township High School

100 S Brainard Ave, La Grange, IL, 60525

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.