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8 W Burlington Avenue

La Grange, IL 60525
  • $3,500,000
  • STATUS: Active
  • ON SITE: 420 Days
  • MLS #: 11945223
$3,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1904
County:
Area:

School Ratings & Info

Description

Incredible turnkey investment property featuring 6 luxury apartments + 5,000+ sqft ground floor retail space that is currently leased to an upscale home furnishings store (2,580sf retail space + full basement storage). The building is in a prime location in La Grange's Downtown Central Business District across the street from the Metra station and in close proximity to restaurants, bars, coffee shops, and retail. The area gets heavy foot traffic from the train station and nearby businesses and has high visibility from La Grange Rd. Completely rebuilt in 2015, the apartments feature high-end condo quality finishes including Hardwood white oak flooring, Italian cabinetry, quartz countertops, Bosch appliances, in-unit W/D, & custom closets. Each unit has its own mechanicals and pays for their own heat, AC, and gas. Parking conveniently located in public lot at the west end of the block. Overnight permits are $45/month for 1st car, $65/month for 2nd car, and $20/month for daytime parking for retail store.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8 W Burlington Avenue La Grange, IL 60525

  • Price: $3,500,000
  • Status: Active
  • On Site: 420 Days
  • MLS #: 11945223
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1904
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Incredible turnkey investment property featuring 6 luxury apartments + 5,000+ sqft ground floor retail space that is currently leased to an upscale home furnishings store (2,580sf retail space + full basement storage). The building is in a prime location in La Grange's Downtown Central Business District across the street from the Metra station and in close proximity to restaurants, bars, coffee shops, and retail. The area gets heavy foot traffic from the train station and nearby businesses and has high visibility from La Grange Rd. Completely rebuilt in 2015, the apartments feature high-end condo quality finishes including Hardwood white oak flooring, Italian cabinetry, quartz countertops, Bosch appliances, in-unit W/D, & custom closets. Each unit has its own mechanicals and pays for their own heat, AC, and gas. Parking conveniently located in public lot at the west end of the block. Overnight permits are $45/month for 1st car, $65/month for 2nd car, and $20/month for daytime parking for retail store.
Exterior Features

Exterior Building Type Limestone Outdoor Parking Public LotParking-Street Roof Structure Flat

Interior Features

Basement UnfinishedStorage Space Cooling Central Air Heat Ventilation Forced AirGasSeparate Per Unit Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 12000 Built Before1978 YN Yes Fire Protection Alarm MonitoredSprinklersCarbon Monoxide Detector(s) Gross Income 279600 Gross Scheduled Income 279600 Insurance Expense 3891 Location Central Business DistrictPublic Transport Avail Maintenance Expense 4127 Mls Actual Status Active Net Operating Income 230735 Operating Expense 48865 Tax Annual Amount 30216 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeatHot Water Total Monthly Income 23300 Type Multi Family 5+ Utilities Water-MunicipalCable Available Zoning MULTI

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Jameson Sotheby's International Realty: 630-320-2829.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2025-02-06T23:59:54.467 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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