1243 Homestead Road

1243 Homestead Rd La Grange Park, IL 60526

$755,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Well maintained brick building with 7-units. This is a fabulous opportunity for great a investment, currently all 7 -units are rented. Fantastic location close downtown, school and train. Rents are below market level due to long term tenants. Parking for 10 cars. Award winning school!

Property Details for 1243 Homestead Road

Status
Active
Area
La Grange Park
Township
Proviso

Property Details for 1243 Homestead Road

StatusActive
MLS #11020396
Days on Market54
Taxes$9,831 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1960
Lot Size0.26 AC / 11,325 SF
CountyCook County

Listing Agent

Contact Agent(s)

Listing Agent

  1. Mira Bajic

    Mira Bajic

    Listing Agent

    Compass

    mira.bajic@compass.com

    P: (708) 257-3593

Building Information for 1243 Homestead Road

Stories-Residences-Year Built1960Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

$3,349 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,530

Property Taxes

$819

HOA Dues

$0

Property Information for 1243 Homestead Road

Property Information
    Property/Lot Information
  • Owners Association?: No
  • Tenant Pays: Electric
  • Year Built: 1960
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Property Type: Multi Family 5+
  • Multi-Family Type: Other
  • Acreage: 0
  • Lot Dimensions: 99111
  • Zoning Type: MULTI
  • Num Of Units: 7
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation: Brick
    Miscellaneous
  • Frontage Access: City Street
  • Land Amenities: Sidewalks
    Virtual Tour/Additional Media
  • Virtual Tour YN: false
Multi-Unit 2-4 Information
    Unit 1 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 1
  • Monthly Income: 800
  • Monthly Income Max: $900
    Unit 2 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 2
  • Monthly Income: 800
  • Monthly Income Max: $900
    Unit 3 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 3
  • Monthly Income: 800
  • Monthly Income Max: $900
    Unit 4 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 4
  • Monthly Income: 800
  • Monthly Income Max: $900
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 1
  • Num Of Dryers: 1
  • Num Of Ranges: 7
  • Num Of Refrigs: 7
  • Num Of Washers: 1
  • Num Of Window/AC: 7
  • Electrical Service: Circuit Breakers
  • Heat Ventilation: Gas
  • Misc Outside: Patio, Storms and Screens (as exist)
  • Washer/Dryer Leased: No
    Unit 5 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 5
  • Monthly Income: 850
  • Monthly Income Max: $900
    Unit 6 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 6
  • Monthly Income: 850
  • Monthly Income Max: $900
    Unit 7 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 1
  • Num Of Units: 7
  • Monthly Income: 850
  • Monthly Income Max: $900
    Income / Expense Information
  • Electricity Expense: 1200
  • Fuel Expense: 3700
  • Gross Rent Multiplier: 0
  • Gross Rental Income: 69000
  • Net Operating Income: 0
  • Other Expenses: 0
  • Repairs Decor Expense: 0
  • Scavenger Expense: 1200
  • Total Annual Expenses: 23951
  • Total Annual Income: 70200
  • Total Monthly Income: 5750
  • Water Expense: 5548

Property History for 1243 Homestead Rd

DateEvent & SourcePriceAppreciation
Mar 13, 2021

Listed (Active)

MRED #11020396

$755,000
Jul 26, 2018

Cancelled

MRED #10016216

Jul 18, 2018

Contingent

MRED #10016216

DateEvent & SourcePrice
03/13/2021

Listed (Active)

MRED #11020396

$755,000
07/26/2018

Cancelled

MRED #10016216

07/18/2018

Contingent

MRED #10016216

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

Public Records for 1243 Homestead Road

Taxable ValueLand$6,637Additions$27,886Total$34,523
Tax Record2018$9,665 ($805 / month)
Home Facts
Lot Size11,170 SqFtStyleMulti-Family Res (5+ Units)CountyCOOKAPN15284200130000

Schools near 1243 Homestead Road


SchoolTypeGradesDistanceRating
Forest Road Elementary SchoolPublic1-60.5 mi
7
St Louise De Marillac SchoolPrivatePK-80.6 mi
NR
Park Junior High SchoolPublic7-81.4 mi
9
Lyons Twp High SchoolPublic9-122.0 mi
7

Forest Road Elementary School

1-6, 0.5 mi, Public

7

St Louise De Marillac School

PK-8, 0.6 mi, Private

NR

Park Junior High School

7-8, 1.4 mi, Public

9

Lyons Twp High School

9-12, 2.0 mi, Public

7

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.

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1243 Homestead Road is a multi-family home for sale in La Grange Park, IL 60526. This property was listed for sale on March 13, 2021 by Compass at $755,000. This listing's school districts are La Grange School District 102, Lyons Twp Hsd 204 School District. Nearby schools include Forest Road Elementary School, St Louise De Marillac School and Park Junior High School. 1243 Homestead Road is a 0-bed, 0-bath, multi-family home built in 1960. This address can also be written as 1243 Homestead Rd.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

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