7-Unit Multifamily Building with
For Sale
$1,195,000
Pending
1243 Homestead Road, La Grange Park, IL 60526
Well-maintained 7-unit property with assigned parking for each unit, tenant-paid gas/electric, and shared coin laundry.
Property Size11,062 SF
Days on Market124
Property Features for 1243 Homestead Road
General Information
Standard status
Pending
Size
11,062 SF
Total Parking Spaces
7
Property subtype
Multi Family 5+ / Multi Family 5+-Other
Zoning
MULTI
Net Operating Income
$70,875
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$12,644
Amenities
shared coin laundry
Building Details
Year Built
1960
Stories
2
Tenancy
Multi
Listing Agency:
Forte Properties, Inc.
Listed By:
John Warren · License #471020680
(708) 315-7310
Source:
Compass
Added: May 5
Changed: Aug 7
Last Checked: Jul 24 at 12:13PM
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 Forte Properties, Inc.
Investment Insights
Based on property information with market context.
This well-maintained 7-unit multifamily building offers practical, income-oriented features. Each unit has an assigned parking space, and tenants pay their own gas and electric. Additional on-site revenue is generated through shared coin laundry.
Several units have been recently renovated with modern finishes, including new cabinetry, countertops, and LVP flooring. The building’s exterior and systems have also been actively maintained, including annual roof coating and general upkeep.
Recent major mechanical improvements include a new hot water storage tank installed in 2024, along with updated hot water boiler and piping in 2025. The property is located near Brookfield Zoo, public transportation, convenient shopping, and the LT school district, supporting consistent tenant demand.
Several units have been recently renovated with modern finishes, including new cabinetry, countertops, and LVP flooring. The building’s exterior and systems have also been actively maintained, including annual roof coating and general upkeep.
Recent major mechanical improvements include a new hot water storage tank installed in 2024, along with updated hot water boiler and piping in 2025. The property is located near Brookfield Zoo, public transportation, convenient shopping, and the LT school district, supporting consistent tenant demand.
Key Highlights
- Well‑maintained 7‑unit investment property built in 1960
- Each unit includes an assigned parking space
- Tenants pay their own gas and electric to help keep operating expenses down
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
350
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?
Apartment building - Well-maintained 7-unit property with assigned parking for each unit, tenant-paid gas/electric, and shared coin laundry.
Where is this apartment building located?
The property is located at 1243 Homestead Road La Grange Park, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit investment property built in 1960; Each unit includes an assigned parking space; Tenants pay their own gas and electric to help keep operating expenses down
