$ 3,500,000
8 W Burlington AVE La Grange, IL 60525
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$ 3,500,000
Est. payment /mo
Active
8 W Burlington AVE La Grange, IL 60525
12,000 SqFt
UPDATED:
08/17/2024 08:30 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $291
MLS Listing ID 11945223
Maintenance Fees $4,127
Year Built 1904
Annual Tax Amount $30,216
Tax Year 2022
Lot Dimensions 32 X 119
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.
Location
State IL
County Cook
Area La Grange
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Water-Municipal, Cable Available
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Conor Scanlon • Jameson Sotheby's International Realty