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1211 Homestead Rd 7 Unit Apartment Building $1,635,976 CAD ($233,711 CAD/Unit) 7.68% Cap Rate La Grange Park, IL 60526
INVESTMENT HIGHLIGHTS
- 7 unit all brick multifamily building located in a highly desirable suburban market near Downtown La Grange
- Ongoing ownership investment with several units renovated and in place rents pushed to current market levels
- 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
- Unit mix consists of seven 1 bedroom 1 bathroom apartments with strong and consistent tenant demand
- Unit A currently vacant and under renovation with expected lease up prior to closing creating a stabilized income profile
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$174,772
|
$33.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$174,772
|
$33.61
|
| Taxes |
$14,815
|
$2.85
|
| Operating Expenses |
$34,347
|
$6.61
|
| Total Expenses |
$49,162
|
$9.45
|
| Net Operating Income |
$125,610
|
$24.16
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $174,772 |
| Annual Per SF | $33.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $174,772 |
| Annual Per SF | $33.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,815 |
| Annual Per SF | $2.85 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,347 |
| Annual Per SF | $6.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,162 |
| Annual Per SF | $9.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,610 |
| Annual Per SF | $24.16 |
PROPERTY FACTS
| Price | $1,635,976 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $233,711 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.68% | Building Size | 5,200 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Price | $1,635,976 CAD |
| Price Per Unit | $233,711 CAD |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $2,061 CAD | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $54,776 CAD (2024) | |
| Land Assessment | $12,703 CAD (2024) | Annual Taxes | $14,815 CAD ($2.85 CAD/SF) |
| Improvements Assessment | $42,073 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,703 CAD (2024)
Improvements Assessment
$42,073 CAD (2024)
Total Assessment
$54,776 CAD (2024)
Annual Taxes
$14,815 CAD ($2.85 CAD/SF)
Tax Year
2025
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1211 Homestead Rd
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