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15 S Spring Ave
La Grange, IL 60525

Multifamily Property For Sale · 11 Units

PROPERTY FACTS

No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.15 AC
Building Size 12,000 SF
Average Occupancy 100%
No. Stories 4
Year Built 1928

UNIT AMENITIES

  • Dishwasher
  • Ceiling Fans
  • Hardwood Floors
  • Built-In Bookshelves
  • Double Pane Windows

SITE AMENITIES

  • Laundry Facilities
  • Vintage Building
  • Public Transportation

ABOUT 15 S SPRING AVE , LA GRANGE, IL 60525

Opportunity knocks for an investor to purchase a Solid 11 Unit Residential Multi-Family Property. Superb La Grange location next to the Stone Avenue BNSF Metra Station. 10 of 11 units have been remodeled with new Kitchen Cabinets, Granite Counters, Newly Refinished Hardwood Flooring, plumbing fixtures, light fixtures, ceiling fans & more. Bathrooms are a blend of original and modern with new fixtures. Everything looks great in the building including new entryway stairs & railings. Common area hallways have been painted, hardwoods exposed and refinished and look great. The building has a very nice feel. This deal will not last on the market very long. Expenses include Management, Leasing, Vacancy Factor and Reserves. Look no further. This is a Quintessential Multi-Family Deal designed with consideration of Commercial Financing. Closing credits are available for any loose ends. If you are in a 1031 exchange, there is an assumable debt piece of 700k +/- at below-market interest rates. Otherwise, the building has been priced to allow for adequate cash-flow and a significant first-year ROI. Call for Offering Memorandum and to set-up a showing. Text 67299 and use 5926138 for more information

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $1,175 -
2+1 9 $1,525 -

PROPERTY TAXES

ZONING

Zoning Code Multi-Family
  • Listing ID: 17918372

  • Date on Market: 12/9/2019

  • Last Updated:

  • Address: 15 S Spring Ave, La Grange, IL 60525