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$1,150,000 Sale Pending
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Property Description
8-Unit Investment Opportunity in the Heart of La Grange Park! This well-maintained building is a rare chance to acquire strong-performing real estate in one of the western suburbs' most desirable communities. ***This is 8 units from one owner out of a 12 unit condo building*** The property features eight spacious 2-bedroom apartments, with five units recently renovated, ensuring a mix of immediate income stability and future value-add potential. Property Highlights:Unit mix is 8 large two-bedroom apartments, 5 units recently renovated with modern finishes. Individually pinned (8 PINs) - offering resale, financing, or condo conversion flexibility Reliable hot water baseboard heating system with new outdoor reset system put in cutting energy costs in half. Roof is 3 years old plus recently updated windows. Building size: 8,456 SF on an oversized 103' x 110' lot (11,330 SF) On-site parking lot and convenient laundry facilities owned by the seller. Solid mid-century construction, built in 1966 Location Advantages - La Grange Park Situated at 314 Beach Ave, tenants enjoy a walkable, residential setting with access to downtown La Grange & Brookfield - shopping, dining, and entertainment, Metra commuter rail - easy access to downtown Chicago Brookfield Zoo, bike trails, and local parks - lifestyle amenities that attract long-term renters. Top-rated schools and a family-friendly neighborhood environment the property provides hands-off cash flow today while leaving plenty of upside through rental growth and continued modernization. At $143,750 per unit, this portfolio opportunity offers both immediate returns and long-term investment flexibility in a proven, high-demand market.
Full Property Details
Full Property Details for 314 Beach Ave
General
- Price: $1,150,000
- Taxes: $22,727 (2023)
- Status: Pending
- Type: Commercial
- Source: MRED
- MLS ID: 12451327
- Updated: 12/23/2025
- Added to Site: 152 day(s) ago
Location
- Area: La Grange Park
- County: Cook
- Township: Lyons
- Driving Directions: Property Location Located 2 blocks north of Ogden Ave and 2 blocks east of Lagrange Ave.
Heating & Cooling
- Heating Type: Hot Water
Structural Information
- Stories/Levels: 3
- Year Built: 1966
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 103 x 110
- Zoning: OTHER
Financial Considerations
- Operating Expenses: $44,327
- Assessment Year: 1966
- Tax Amount: $22,727
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 15334180171005
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 314 Beach Ave
School Districts:Lagrange School District 102, Lyons Township High School District 204
| Name | Grades | Distance |
|---|---|---|
Forest Road Elementary School 901 Forest Road, La Grange Park, IL 60526 | PK-6 | 0.8 mi |
Park Junior High School 325 North Park Road, La Grange Park, IL 60526 | 7-8 | 0.9 mi |
Lyons Twp High School 100 South Brainard Avenue, La Grange, IL 60525 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 314 Beach Ave
Date
Details
Price
Change
Source
8/20/2025
Listed
$1,150,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 314 Beach Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,841
37%
$11,124
63%
2022
$2,070
4%
$6,804
—
2021
$1,990
2%
$6,804
—
2020
$1,943
-16%
$6,804
-16%
2019
$2,300
2%
$8,075
—
2018
$2,261
3%
$8,075
—
2017
$2,201
—
$8,075
11%
2016
$2,207
11%
$7,306
—
2015
$1,984
2%
$7,306
—
2014
$1,954
10%
$7,306
8%
2013
$1,773
-6%
$6,773
-8%
2012
$1,878
—
$7,377
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 314 Beach Ave
314 Beach Avenue, La Grange Park, IL 60526 (MLS# 12451327) is a Commercial property. 314 Beach Avenue is currently listed for $1,150,000 and was received on August 20, 2025. This property is listed by Dan Merrion from our Lincoln Park Office.Want to learn more about 314 Beach Avenue? Do you have questions about finding other Commercial real estate for sale in La Grange Park? You can browse all La Grange Park real estate or contact a Coldwell Banker agent to request more information.


