Masonry 4-Unit Residential
For Sale
$849,000
Pending
1106 Alima Terrace, La Grange Park, IL 60526
Fully leased, well-maintained four-unit masonry building with central heat and air, garage parking, and on-site laundry.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market48
Property Features for 1106 Alima Terrace
General Information
Standard status
Pending
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,212
Amenities
garage parking
surface parking
tenant storage
on-site laundry
Building Details
Year Built
1952
Construction
masonry
Tenancy
Multi
Listing Agency:
Keller Williams Infinity
Listed By:
Robert Fortino
Source:
Dawnmckennagroup
Added: Jul 21
Changed: Aug 25
Last Checked: Aug 24 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Infinity
Investment Insights
Based on property information with market context.
1106 Alima Terrace is a well-maintained four-unit multifamily property built in 1953 with durable masonry construction. The building sits on a 7,332 SF lot and is described as fully leased with long-term tenants. Unit interiors are supported by central heat and air, with forced-air electric/gas systems. Recent improvements noted include newer electric panels and meters.
The property provides a mix of garage and surface-level parking, along with tenant storage and on-site laundry. It is positioned for convenient access, described as being near multiple interstates and just minutes from downtown La Grange’s restaurants and shopping.
Overall, the asset is presented as stable with in-place cash flow, and the current rents are described as below market, offering a value-add opportunity.
The property provides a mix of garage and surface-level parking, along with tenant storage and on-site laundry. It is positioned for convenient access, described as being near multiple interstates and just minutes from downtown La Grange’s restaurants and shopping.
Overall, the asset is presented as stable with in-place cash flow, and the current rents are described as below market, offering a value-add opportunity.
Key Highlights
- Fully leased 4‑unit multifamily building built in 1953 with durable masonry construction
- Central heat and air with forced‑air electric/gas in each unit
- Newer electric panels and meters
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 60526, IL
13,810
Population
5,474
Households
2.5
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,541
Density / Sq Mi
$118,831
Median Household Income
$62,481
Median Earnings
$1,413
Median Rent
$427,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased, well-maintained four-unit masonry building with central heat and air, garage parking, and on-site laundry.
Where is this quadplex located?
The property is located at 1106 Alima Terrace La Grange Park, IL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Fully leased 4‑unit multifamily building built in 1953 with durable masonry construction; Central heat and air with forced‑air electric/gas in each unit; Newer electric panels and meters
