1243 Homestead Rd

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by John Warren • Forte Properties, Inc.
    P: (708)-315-7310 C: (847)-894-2433 fortesaleschicago@gmail.com
  2. Listed by Sharon Knickerbocker • Forte Properties, Inc.
    P: (315)-727-2028 C: (315)-727-2028 sharon.knickerbocker@gmail.com

Property Details for 1243 Homestead Road

Area
La Grange Park
Township
Proviso
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 06/09/2026 12:06 AM

Property Details for 1243 Homestead Road

StatusActive
MLS #12631048
Days on Market78
Taxes$12,644 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1960
Lot Size0.25 AC / 11,062 SF
CountyCook County

Location

Listing Courtesy of Forte Properties, Inc.
Add your commute

Building Information for 1243 Homestead Road

Stories2Residences7Year Built1960Building Size-Lot Size0.25 AC / 11,062 SF

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Principal and Interest

$5,955

Property Taxes

$1,054

HOA Dues

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Property Information for 1243 Homestead Road

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,Assigned Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Crawl Space
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Gas,Hot Water
  • # Of Window/Ac: 7
  • # Of Refrigerators: 7
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 1
  • # Of Dishwashers: 1
  • Num of Baths: 8.0
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Other
  • Lot Dimensions: 99111
  • Lot Size Square Feet: 11062.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • # Of Ranges: 7
  • Conversion: N
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2026-05-06T17:33:13
  • Photos Count: 31
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,093.00
  • Fuel Expense: $3,323.00
  • Gross Income: $92,640.00
  • Insurance Expense: $4,751.00
  • Maintenance Expense: $5,250.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: AC
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 7720
  • Water Expense Source: Actual
  • Net Operating Income: $70,875.00
  • Operating Expense: $21,766.00
  • Other Expense: $.00
  • Trash Expense: $2,018.00
  • Water Sewer Expense: $5,331.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1243 Homestead Road

DateEvent & SourcePriceAppreciation
Jun 3, 2026

Price Change

MRED #12631048

$1,195,000
May 6, 2026

Listed (Active)

MRED #12631048

$1,249,000
Sep 9, 2021

Sold

MRED #11148335

$740,000
DateEvent & SourcePrice
06/03/2026

Price Change

MRED #12631048

$1,195,000
05/06/2026

Listed (Active)

MRED #12631048

$1,249,000
09/09/2021

Sold

MRED #11148335

$740,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1243 Homestead Road

Taxable ValueLand$9,126Additions$37,621Total$46,747
Tax Record2023$11,939 ($995 / month)
Home Facts
Lot Size11,062 SqFtStyleMulti-Family Res (5+ Units)Year Built1957CountyCOOKAPN15-28-420-013

Schools near 1243 Homestead Road

This home is within La Grange School District 102.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Forest Road Elementary School
Public1 to 6

Park Junior High School
Public7 to 8

Lyons Twp High School
Public9 to 12

St Louise De Marillac School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1243 Homestead Road is a multi-family home for sale in La Grange Park, IL 60526. This property was listed for sale on May 6, 2026 by Forte Properties, Inc., it's currently listed at $1,195,000. It has been on the market for a total of 78 days and was last sold on September 9, 2021. This listing's school districts are Lyons Twp Hsd 204 School District, La Grange School District 102. Nearby schools include Forest Road Elementary School, Park Junior High School and Lyons Twp High School. 1243 Homestead Road is a 8-bed, 8-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Forte Properties, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/09/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.