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$1,810,000   Price Analysis
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15 S Spring Ave
La Grange, IL 60525
Unknown bed 3 bath unknown SqFt ($0/SqFt)
6,800SqFt lot. Built 1930
Listed 2024-05-03, Taxes $25,886
Ⓧ USDA Ineligible
due to price & location

near La Grange

For sale is this stunning eleven-unit apartment building in downtown La Grange.

* No Longer For Sale *
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This is the type of asset you never sell, so take advantage of this onc in a lifetime opportunity! This lovely building features vintage charm with modern amenities. Ten of the eleven apartments were completely renovated with modern cabinets/granite countertops and updated bathrooms, modern paint schemes and more.

The eleventh unit is still vintage which offers the incoming investors a chance to boost rents even more. The current owners have replaced the boiler, so the incoming owner can enjoy the benefits for years to come. Sold before print.


Presented by John Warren at
Forte Properties, Inc.


Property MLS #12046549 from MRED

Cooling Features: Window Unit(s)

Full Bathrooms: 3

Frontage Type: City Street

Lot Size Acres: 0.1561065
Lot Size Dimensions: 50 X 136
Lot Size Square Feet: 6800

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 11
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4

Tenant Pays: Electricity

Annual Tax Amount: 25886.00
Source Listing Status: Closed
County: Cook
Current Use: Multi-Family
Directions: La Grange Rd. to Burlington West to Spring South to Property on East side of street
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 18041210040000
Township: Lyons
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$86,973 + $6,800
$93,773
$25,886
2019$61,438 + $5,610
$67,048
$18,497
2018$61,438 + $5,610
$67,048
$18,144
2017$61,438 + $5,610
$67,048
$17,665
2016$41,387 + $4,930
$46,317
$13,552
2015$41,387 + $4,930
$46,317
$12,668
2014$41,387 + $4,930
$46,317
$12,468
2013$37,855 + $4,930
$42,785
$11,303
2012$37,855 + $4,930
$42,785
$10,991
2011$37,855 + $4,930
$42,785
$10,512
2010$49,283 + $5,967
$55,250
$12,303
2009$60,656 + $7,344
$68,000
$14,996
2007$55,787 + $13,838
$69,625
$14,563
2006$60,859 + $15,096
$75,955
$15,555

Listed 2024-05-03
$1,810,000
MRED
Sold 2020-01-17
$1,700,000
MRED
Listed 2019-12-09
$1,850,000
MRED
Listing removed 2019-08-03
$1,900,000
MRED
Listing removed 2019-04-16
$1,900,000
MRED
Price Changed 2019-04-05
$1,800,000
MRED
Price Changed 2019-02-08
$1,700,000
MRED
Listing removed 2018-12-17
$1,900,000
MRED
Listed 2018-09-02
$1,800,000
MRED
Listing removed 2018-07-24
$1,900,000
MRED
Listed 2017-12-03
$1,900,000
MRED
Sold 2017-02-09
$1,200,000
Public Record
Sold 1993-09-15
$405,000
Public Record

Net Operating Income: 119590

Electric: Circuit Breakers

Year Built: 1930
Property Age: 94
Levels or Stories: 3

Cossitt Ave Elementary School is a public elementary school located approximately 0.2 miles away.
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Lyons Twp High School is a public high school located approximately 0.3 miles away.
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Park Junior High School is a public middle school located approximately 0.5 miles away.
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Little Peoples Academy is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.