422 South Madison Avenue

Off Market

422 South Madison Avenue

La Grange IL 60525

0.21 ac.

Multi-Family

Last sold for $879,000

Shannon Kutchek, last sold this property on 04 December 2025 after -3 days on market.

Overview

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!

Features

6 bedrooms

3 bathrooms

4 carspaces

4 garage spaces

0.21 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in La Grange over the last 12 months.

Property history for 422 South Madison Avenue

2025

Sold

$879,000

04 Dec 2025 by Shannon Kutchek, of Compass

2013

Sold

$579,000

23 Dec 2013 by Jim Hannigan, of RE/MAX Properties

Happy sellers in La Grange

We have insufficient information to provide an overview of customer satisfaction for La Grange. Viewing the agent profiles, reviews and sales for La Grange can provide insights for this location.

Local market activity for 6 bedroom multi families in La Grange

In the last 12 months, 1 six-bedroom multi family similar to 422 South Madison Avenue, have been sold.

This represents a 34% increase in six-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in La Grange for a market analysis.

Linda Feinstein

at Compass Signature Homes

(131 reviews)

Get a market analysis

Cathy Bier

at Coldwell Banker

(71 reviews)

Get a market analysis

Steve Jasinski

at Berkshire Hathaway HomeServices Chicago

(2 reviews)

Get a market analysis

Anne Monckton

at Baird & Warner La Grange

(10 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in La Grange

Linda Feinstein

Sellers who recommend Linda Feinstein have praised them for being local expert, responsive, reliable, clear communication, supportive, detail-oriented, and great negotiation