$515,000
$499,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
SOLD DATE : 07/08/2024
Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12048020
Sold Date 07/08/24
Style American 4-Sq.
Bedrooms 4
Year Built 1899
Annual Tax Amount $4,575
Tax Year 2022
Lot Dimensions 35X125
Property Description
Remarkable Opportunity to purchase a Legal Non-conforming 2 unit building that can easily be converted back to a charming single family home within walking distance of the prestigious Downtown Lagrange and situated in a renowned LaGrange school district #102. This upgraded property is a rare gem, boasting a multitude of improvements that enhance both aesthetics and functionality. With a brand new tear-off roof, brand new siding, insulation & gutters, new exterior staircases, rails and decking, some new concrete in walkway, newer garage and new landscaping, the exterior exudes charm and durability. Inside, the upgrades continue with some new windows, a new hot water tank servicing the 1st floor, a newer hot water tank servicing the 2nd floor, a new furnace with new ductwork on 1st floor and basement, and a newer furnace on the second floor, new and separate central air systems in both units ensuring comfort and energy efficiency throughout. The interior of the home has been updated, featuring new hardwood floors throughout, new kitchen and bath cabinets and countertops tops (quartz in 1st floor), updated bathroom with new vanities, new toilets and resurfaced tubs. Most new light fixtures throughout. New washers and dryers for both units. Updated and separated electrical and plumbing updated at fixtures. 1st floor master bedroom has a tandem room currently used as a 2nd closet (walk-in). Can be office, den, 3rd bedroom or where you would add the stairs to convert back to single family, if desired. Entire home has been recently painted. Basement has been reinforced, insulated, partially framed and water-proofed with a brand new sump pump and drain tile system. Permits were pulled to complete frame and drywall basement, work is in progress. Buyers have an opportunity to add 3rd bathroom in basement utilizing sellers contractor, at an additional cost. Inquire! Additionally, units come furnished and all window treatments stay. Although most furniture is brand new, furniture is sold as is, where is. 2nd floor was strategically set up for corporate rentals, with a verifiable successful rental history of $1800 per month, on 2nd floor. 1st floor was rented below market value to a family friend at $1800. Both units are currently not rented. This unique feature not only adds value to the property but also positions it as a turnkey business opportunity. Benefit from the convenience of walking distance to Downtown Lagrange, making this home an ideal choice for those who value a vibrant lifestyle. Whether you're looking for a wonderful residence or an investment opportunity, this property offers the best of both worlds. Seize the chance to own not just a great property in an amazing area but also a ready-made business venture in a highly acclaimed school district with low taxes!! This property is broker owned. 800 sq ft out of the 1700 sq ft listed for unit one is the recreational room in finished basement.
Location
State IL
County Cook
Community Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Balcony, Deck, Storms/Screens
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt
Parking Type Off Alley
Building
Lot Description Fenced Yard
Foundation Concrete Perimeter, Stone
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 102, 102, 102
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Ellyn Collins • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "