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$889,000

422 Madison Avenue, La Grange, IL 60525
6 Beds3 Baths1 days
422 Madison Avenue·La Grange, IL 60525
6Bedrooms
3Bathrooms
1916Year Built
About This Home

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!

MLS# 12489283Listed December 4, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms3
Total Rooms20

Size & Structure

Garage Spaces4
Year Built1916
Lot Size0.210 acres

Location

CountyCook
TownshipLyons
Zip Code60525

Financial

List Price$889,000
Annual Taxes (2023)$14,816
Monthly Tax Est.$1,235
Parcel #18043290190000
Interior Features

Heating

Natural GasSteam

Basement

UnfinishedFull
Exterior & Lot

Construction

Stucco
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
HOA & Community

Community Features

ParkTennis Court(s)CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Cossitt Avenue Elementary School
District: 102
Middle School
Park Junior High School
District: 102
High School
Lyons Twp High School
District: 204
Tax & Financial
Annual Taxes
$14,816
Tax Year 2023
Monthly Tax Est.
$1,235
per month
Property Location

422 Madison Avenue, La Grange, IL 60525 — Cook County

$889,000
422 Madison Avenue
6 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
1 days on market
4-car garage
0.210 acres
$14,816/yr taxes
$5,907
estimated monthly payment
Principal & Interest
$4,672/mo
Property Tax
$1,235/mo
$889,000
20% — $177,800
3%50%
6.875%
3%12%
Loan Amount
$711,200
Down Payment
$177,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Shannon Kutchek
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