15 S Spring Ave
La Grange, IL 60525
Multifamily Property For Sale · 11 Units
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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 | - |
LINKS
PROPERTY TAXES
Parcel Number | 18-04-121-004-0000 | Improvements Assessment | $107,498 |
Land Assessment | $8,160 | Total Assessment | $115,658 |
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
The Multifamily Property at 15 S Spring Ave, La Grange, IL 60525 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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