808 Arlington Ave - Multi-Family FOR SALE


La Grange, IL 60525
$2,300,000 USD
630-670-4860
808 Arlington Ave, La Grange, IL for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/9
null | 6.6% Cap Rate

808 Arlington Ave
La Grange, IL 60525


HIGHLIGHTS

  • Rarely available 12-unit mixed-use building in downtown La Grange
  • Long-term stable commercial tenant - 5,000 SF ground-floor health club anchor
  • 11 junior one (1) bedroom units - 25% below market - built-in rental upside
  • 0.1 miles from Metra station, steps from La Grange's retail corridor

OVERVIEW

Kiser Group has been exclusively enagaged to market the sale of 806–808 W. Arlington Ave., a 12-unit mixed-use property in the heart of downtown La Grange. Offered for the first time in more than 50 years, this rare investment opportunity is located just steps from La Grange's retail corridor and only 0.1 miles from the Metra station. The property has been well maintained, with major capital improvements including a complete tear-off roof replacement (2023), parking lot resurfacing (2017), plumbing upgrades (2017), and security camera installation (2019). The property consists of eleven (11) junior one-bedroom apartments and one (1) ground-floor commercial space leased through 2029. The residential units feature well-maintained finishes, while current apartment rents average approximately 25–30% below market, presenting a clear value-add opportunity through strategic and gradual rent increases as units turn over. Located in one of Chicago's premier suburban downtowns, the property offers investors a rare value-add opportunity with stable commercial income and strong upside potential.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

12

PRICE/UNIT

$191,667

CAP RATE

6.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

18-05-221-012-0000

ASK ABOUT THIS PROPERTY

Radina DimovaKiser GroupMore Info
630-670-4860

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Radina DimovaKiser GroupMore Info
630-670-4860

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.