INCREDIBLE Investor opportunity in the heart of highly desirable La Grange! With BOTH UNITS now leased, this well-maintained two-flat offers an excellent opportunity for an investor looking to add an income-producing property in a prime location to their portfolio. Enjoy rental income from day one while owning a property with outstanding long-term appeal and future potential. Just blocks from vibrant downtown La Grange, Metra, award-winning schools, parks, restaurants, and shopping, the location is hard to beat. Each unit offers a spacious and functional layout filled with character and charm. Beautiful hardwood flooring, abundant natural light, and a welcoming fireplace highlight the main living areas, while versatile additional space provides additional flexibility for a home office, reading room, playroom, or hobby area. The second level includes two generously sized bedrooms and an additional full bathroom, while the third floor offers a large partially finished space with numerous possibilities for additional living space, recreation, workspace, fitness, or storage. The unfinished basement provides laundry facilities and an abundance of storage space. Outside, you'll find a spacious backyard with plenty of lawn area for relaxing, entertaining, or enjoying time outdoors. Surrounded by beautifully maintained homes in one of La Grange's most sought-after neighborhoods, this property combines existing rental income, classic character, generous living space, and an unbeatable walk-to-everything location. With both units leased and tenants already in place, this is a fantastic opportunity to acquire an established income-producing property in a community where investment opportunities like this don't come along often.
Multi-familyProperty Type
1925Year Built
6,534 sq ftLot Size
2 garage spacesParking
Listed by Paul Molidor• Berkshire Hathaway HomeServices Starck Real Estate
Five zoning districts are provided for single family residential development. The bulk regulations for thesedistricts are structured to encourage a wide variety of housing sizes and styles. Residential use regulations are identical in all 5 districts. Only public utility stations a service use compatible with the single family residential character of each zoning district, are allowed in addition to permitted residential uses. Taken together, the five single family districts blend in combination with the multiple family districts described in Article IV of this Code, to provide a broad range of opportunity for the development and preservation of housing responsive to diverse demand. The districts while distinct, permit a harmonious spectrum of housing alternatives.; In the single family districts, the combination of uniform use regulations and varied bulk and yard regulations is intended to: Perpetuate the existing high quality residential character of the Village by preserving established neighborhoods while encouraging beneficial new development consistent with the overall character of the existing Village; Accommodate persons with diverse economic circumstances and life-style preferences seeking to establish or maintain residence in the Village through the various stages of life; and Implement, through reasonable regulation, the purposes and intent of this Code.
Permitted uses
Include but are not limited to:
Housing-Single unit
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
La Grange, IL • 60525
Average low and high temperatures (°F)
29
16
38
23
55
34
62
44
70
49
82
63
86
68
82
64
79
58
66
50
51
38
36
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
3.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 44 N Spring Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $450,000 and $800,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $800K.