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1211 Homestead Rd
La Grange Park, IL 60526 West Cook

$1,190,000 USD

Apartments For Sale  •  5,200 SF

Property Details

• Property Type Apartments
• Total Building Size 5,200 SF
• Lot Size 0.26 AC
• Building Class C
• Year Built 1957
• Cap Rate 7.68 %

0 Transit Score

67 Walk Score

Highlights

7 unit all brick multifamily building located in a highly desirable suburban market near Downtown La Grange

Unit mix consists of seven 1 bedroom 1 bathroom apartments with strong and consistent tenant demand

Ongoing ownership investment with several units renovated and in place rents pushed to current market levels

Unit A currently vacant and under renovation with expected lease up prior to closing creating a stabilized income profile

In place rents around $1,499 per month supported by coin operated laundry, 10 on site parking spaces, and approximately $91,367 in annual NOI

Property Flyers

1211 Homestead Rd Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $91,368 USD (2025)

Cap Rate:	7.68 %
Total Expenses:	$35,760 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lagrange Road Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	3 min	-	1.9 mi
Congress Park Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	5 min	-	2.0 mi
Airport	Drive	Walk	Distance
Chicago Midway International	15 min	-	8.4 mi
Chicago O'Hare International	24 min	-	13.0 mi