516 S La Grange Road
La Grange, IL 60525
9
Bed
8
Bath
0.25Acre(Lot)
Exceptional investment opportunity with HUGE upward potential in highly sought-after La Grange! This well-maintained all-brick 4-unit building, plus an additional finished basement unit, offers outstanding cash flow and long-term upside in one of Chicago's most desirable suburban rental markets. Ideally located along the Pace bus line and just five blocks from vibrant downtown La Grange, residents enjoy easy access to the Metra station, popular restaurants, boutique shopping, and everyday conveniences-making this a prime location for commuters and renters alike. The property generates approximately $10,000 per month in rental income, with three units occupied by long-term tenants, providing immediate stability and consistent returns. Recent capital improvements include a new roof and
Property Details
Map
Map
Features
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Bedroom Information
Total Bedroom: 9Bathroom Information
Total Baths: 8Room Information
Rooms Total: 20Interior Features
Roof: AsphaltRoofing Information
Asphalt -
Flooring Information
Construction Materials: Brick -
Heating & Cooling
Heating: Natural Gas WaterSource: Lake Michigan, Public
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Building Information
Year Built: 1977
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Lot Information
Lot Dimensions: 85x170x37x71x46x15x67 Lot Description: Irregular Lot Lot Acres: 0.25 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$1199000
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Tax Information
Annual Tax: $16923.84 Tax Year: 2024 Parcel Number: 18091070270000 Tax Exemption: Homeowner
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Parking Information
Total Parking: 9 Garage Door Opener, Yes, Garage Owned, Attached, Assigned, Owned, GarageGarage Information
Garage Space: 2
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School Information
Elementary School: Spring Ave Elementary School Junior High School: Wm F Gurrie Middle School Senior High School: Lyons Twp High School -
Utility Information
Sewer: Public Sewer Water Source: Lake Michigan, Public -
Location Information
Subdivision: Country Club City: La Grange Direction: Just south of 47th St. on La Grange Rd.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 631 S Ashland Avenue, La Grange, IL, 60525 | $524,900 | 3 | 2 | 1,241 | 1,241 SqFt |
| 721 S Stone Avenue, La Grange, IL, 60525 | $779,000 | 4 | 3 | 1,765 | 1,765 SqFt |
| 802 S Spring Avenue, La Grange, IL, 60525 | $675,000 | 3 | 2 | 1,574 | 1,574 SqFt |
| 132 N Catherine Street, La Grange, IL, 60525 | $999,000 | 5 | 3 | 3,502 | 3,502 SqFt |
| 331 S 8th Avenue, La Grange, IL, 60525 | $649,000 | 3 | 3 | -- | |
| 128 Fairway Drive, La Grange, IL, 60525 | $509,000 | 2 | 3 | 1,773 | 1,773 SqFt |
| 44 N Spring Avenue, La Grange, IL, 60525 | $729,900 | 4 | 4 | -- | |
| 337 S Park Avenue, La Grange, IL, 60525 | $1,737,000 | 5 | 4 | 4,132 | 4,132 SqFt |
| 546 Banyon Lane #B, La Grange, IL, 60525 | $345,000 | 2 | 2 | 1,347 | 1,347 SqFt |
| 609 8th Avenue, La Grange, IL, 60525 | $1,099,000 | 5 | 3 | 3,199 | 3,199 SqFt |
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ByOwner last updated this listing 07/11/2026 @ 18:20
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