Sold
15 S Spring Avenue
La Grange IL, 60525
$1,700,000
Sold
Commercial
Built in 1930
Courtesy of Charles Rutenberg Realty of IL
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.
10588860
MLSⓇ ID
December 8, 2019
Listed
February 14, 2024
Updated
Map
15 S Spring Avenue
La Grange IL, 60525
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Other Property Details
Area Name
La Grange
Taxes
$18,145
Tax Frequency
Annually
Days on Market
6
Garage
No
View
No
County
Cook
Municipality
Lyons
Pool
No
Zoning
MULTI
Buyer Agency Compensation
1.75%
Courtesy of Charles Rutenberg Realty of IL, William Butusov,
Listing Contact: 910-988-8729
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Data last updated 9:31 AM UTC, 2/14/2024
