534 S La Grange Road
La Grange, IL, 60525 $ 1,199,000
Bedrooms9 Baths8.3 Monthly Estimate*
$ 7,571
for $1,199,000 with 9 bedrooms and 8 full baths, 3 half baths. This home was built in 1977 on a lot size of 0.28.
Positioned in one of Chicago's most desirable suburban rental markets, this solid all-brick, thoroughly updated, five-unit investment property (four residential units plus a legal non-conforming owner's unit) offers immediate income with exceptional long-term potential. Well-maintained, recently updated and consistently occupied, the building provides a strong foundation for investors seeking dependable cash flow in a location where rental demand remains high. Just five blocks from vibrant downtown La Grange and the Metra station, with the Pace bus line just outside, residents enjoy an unbeatable commuter-friendly location with easy access to restaurants, boutiques, parks, and everyday conveniences. The property can generate more than $9,000 in monthly rental income, with additional revenue from seven parking spaces, including two garage spaces and five exterior spaces. (One unit is currently vacant to facilitate showing the property.) On-site coin-operated laundry, dedicated tenant storage and the additional owner's unit add further value and convenience. Recent updates include low-maintenance luxury vinyl plank floors and new vinyl windows throughout. All kitchens and baths have been renovated with new cabinetry, quartz or granite countertops, stainless steel sinks and appliances and new bathroom tile, vanities, and walk-in showers. An HOA was formed by the building owners in this attractive courtyard of properties in order to maintain the driveways and parking area, lawn care and snow removal. The dues are reasonable and allow for a consistent, cared-for appearance throughout without all the extra work. Located within a top-rated school district and surrounded by the charm and amenities that make La Grange so desirable, this is a rare chance to own a turnkey multifamily asset with stable income today and room to grow tomorrow. Whether you're adding to an established portfolio or purchasing your first investment property, this is an opportunity that combines location, stability, and a future upside in a turnkey building that will generate broad appeal for qualified tenants. (FLOOR PLAN FOR 3 BR UNIT IS STILL IN PROGRESS)
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas Baseboard
Possession Closing
Roof Asphalt
Garage Spaces 2
Construction Materials Brick
Year Built 1977
Township Lyons
Tax Year 2024
Ownership Fee Simple
Community Features Park Tennis Court(s) Curbs Sidewalks Street Lights Street Paved
County Cook
Insurance Expense 3658
New Construction N
Property Type Residential Income Two to Four Units
Subdivision Name Country Club
Total Rooms 20
Status New
Directions West side of La Grange Rd. between 47th St. and 48th St.
High School Lyons Twp High School
City La Grange
High School District 204
MLS Area La Grange
Elementary School Spring Ave Elementary School
Tax Annual Amount 17551.53
Electric Expense 1028
Middle/Junior High School Wm F Gurrie Middle School
Trash Expense 2542
Water Sewer Expense 3370
Standard Status Active
Middle/Junior School District 105
Elementary School District 105
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InteriorBasement Partially Finished Full
Total Bedrooms 9
Room Type Workshop
Total Baths 8
Bedrooms Possible 9
Full Baths Building 5
Half Baths Building 3
Total Number of Units 4
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ExteriorParking Features Yes Garage Owned Attached Assigned Owned Garage
Water Source Lake Michigan Public
Total Parking 7
Lot Dimensions 118x104
Lot Size Acres 0.28
Waterfront Y/N N
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* Excluded FeaturesList Byshannon.kutchek@compass.com;shannon.kutchek@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,571
- Monthly Property Taxes
- $1,463
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in La Grange, IL
Average List Price $859,300
Percent of Sale Price 28%
About La Grange, IL 15,207 Population
-1% Since 2002
$ 110,793 Median Income
42.13 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
566255 Elementary School
566813 Middle School
Lyons Twp High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/18/2026 | $1,199,000 | | Listed Price |