422 S Madison Avenue

La Grange, Illinois 60525

Welcome to a rare, in-town 3-Flat with an impressive investment history in the sought-after La Grange Historic District. This turnkey and income-generating property could be opportunity you have been waiting for. For the current, retiring owners, renting the apartments has been a breeze in this highly desirable location. This oversized vintage 3-flat sits on a rare 75-foot-wide lot and offers a winning combination of classic charm and modern updates - just a few short blocks to shops, restaurants, train station, highly-ranked Cossitt Elementary, the library and all downtown amenities. Each spacious unit features hardwood floors, beautiful original woodwork, formal dining rooms, and eat-in kitchens - plus modernized kitchens and baths that enhance livability and provide strong rental appeal. Each unit has one covered spot in the 3.5-car garage and one outdoor space each which has helped attract long term tenants, as well as shared laundry facilities and separate storage lockers in the basement. Separate electric and gas meters for each unit help to keep operating costs in check. Owner has paid only insurance, water, lawn care, and misc. repairs as needed and has self-maintained the building. Additional highlights include: newer garage doors (2014), two new water heaters - one for unit 1 and the second for units 2 & 3 (2015), new front and rear fencing (2017), new roof (2018), new interior sewer line update (2020), new coin-operated washer and dryer (2021), new electrical upgrade to 3 circuit breakers - one for each unit (2022). Appliance updates include: Unit 1- a new microwave; Unit 2- new microwave and stove; and Unit 3- a new refrigerator and brand new stove. This fully leased property brings in strong rents with stable, happy tenants and could be an ideal opportunity for your next investment. Don't miss this rare chance to own a turnkey multi-family in a sought-after, in-town location!