1243 Homestead Road

La Grange Park, IL 60526

$740,000
Last Sold Price
28
Beds
28
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Clean and well maintained brick building with 7-units. Additional studio for the full time property/maintenance manager. This is a terrific opportunity for investors. Each has it's own assigned parking spot. Tenants pay for gas and electric. Each unit has its own window A/C and renters have access to a clean, shared coin laundry space. All 7 -units are currently rented and rents are currently below market level due to long term occupancy. For your tenants, this building is in a quiet neighborhood...Clean and well maintained brick building with 7-units. Additional studio for the full time property/maintenance manager. This is a terrific opportunity for investors. Each has it's own assigned parking spot. Tenants pay for gas and electric. Each unit has its own window A/C and renters have access to a clean, shared coin laundry space. All 7 -units are currently rented and rents are currently below market level due to long term occupancy. For your tenants, this building is in a quiet neighborhood close to Brookfield zoo, transportation, LT schools and convenient shopping.
  1. Listed by Steve Jasinski • Berkshire Hathaway HomeServices Chicago
  2. Listed by Chris Snider • Berkshire Hathaway HomeServices Chicago

Sold By Second City Real Estate

Property Details for 1243 Homestead Road

Area
La Grange Park
Township
Proviso
Num Of Parking Spaces
10.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 08/03/2023 12:37 PM

Property Details for 1243 Homestead Road

StatusClosed
MLS #11148335
Days on Market63
Taxes$9,831 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1960
Lot Size0.25 AC / 11,062 SF
CountyCook County

Location

Add your commute

Building Information for 1243 Homestead Road

Stories-Residences7Year Built1960Building Size-Lot Size0.25 AC / 11,062 SF

Payment Calculator

$4,858 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,038

Property Taxes

$819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Crawl
  • Heat/Ventilation: Gas
  • # Of Window/Ac: 7
  • # Of Refrigerators: 7
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 1
  • # Of Dishwashers: 1
  • Num of Baths: 28.0
Exterior Features
  • Building Unit Info: Smoke/Alarm Detector
  • Misc Outside: Patio,Storms and Screens (as exist)
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal
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
  • Lot Size Source: Other
  • # Of Ranges: 7
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 07-09-2021
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $3,700.00
  • Gross Income: $76,800.00
  • Gross Scheduled Income: $76,800.00
  • Insurance Expense: $2,472.00
  • Maintenance Expense: $.00
  • Expense Year: 2020
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 6300
  • Net Operating Income: $52,849.00
  • Operating Expense: $23,951.00
  • Other Expense: $.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $5,548.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • 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: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 7

Property History for 1243 Homestead Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$8,849Additions$28,984Total$37,833
Tax Record2022$11,511 ($959 / 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

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Similar Sold Homes

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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Chicago

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.