Courtesy of Charles Rutenberg Realty of IL

27-31 N Brainard Avenue

La Grange, IL, 60525

$5,250,000

$175 per ft²
$5,250,000
$175 per ft²
Pending
Pending
 - For Sale
carpenters-square
30,000 ft²
property_type
Commercial
calendar
Built 1930
Opportunity knocks! When you think of owning an asset that has size and significance, this is it! Upgrades don't leave very much to do. They include mostly newer windows, newer boiler, electric, plumbing, skylights & roof (TPO by Bridgestone), most units remodeled and more. This building has not changed owners very often over the past 100 years because the building is the among the best if not the best apartment building in the entire area. You always hear "location, location, location." This location is perfect, just a half block to Lyons Township High School and Stone Ave Metra Train Station. All schools are superb blue-ribbon schools. Only blocks to vibrant downtown La Grange where tons of community activities happen including the Pet Parade and Holiday Events that benefit from broad community engagement. This highly engaged community has nice mom and pop shops, National Retailers like Trader Joes & Chipotle, restaurants, a movie theater & activities for adults and children. Also, the train connects to other railroad towns so you can dine in La Grange, Hinsdale, Western Springs, Downers Grove, Westmont very easily. You can also go downtown! Uber to either airport $20. There is a separate parking lot (competitive parking environment) directly across from Metra that is included. This creates a competitive advantage over other vintage buildings where most don't have any parking available. Currently, there is a 3.7% assumable Freddie Mac loan with 9 years remaining. This building might not change owners again for 50 years. Don't miss out on this superbly located multi-family gem. This is a trophy investment for those passionate multi-family owners.
MLS® ID:
11717372
Listed:
2/10/23
Updated:
3/20/23

Exterior/Building Features

Roof
Membrane, Rubber

Other Property Details

Area Name
La Grange
Taxes
$53595
Tax Frequency
per YEAR
Garage
No
Parking
19
Parking Total
19.0
View
N
County
Cook
Pool
No
Total Stories
3
Zoning
MULTI
Buyer Agency Compensation
1%

Property History

Date
Event
Price
Value
2/16/23
Pending
-
-

Courtesy of Charles Rutenberg Realty of IL, Adam Butusov,
Listing Contact:  

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Data last updated 10:31 PM UTC, 3/20/23

 

 

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