806-808 W. Arlington Ave

Investment Overview

Kiser Group has been exclusively enagaged to market the sale of 806–808 W. Arlington Ave., a 12-unit mixed-use property in the heart of downtown La Grange. Offered for the first time in more than 50 years, this rare investment opportunity is located just steps from La Grange's retail corridor and only 0.1 miles from the Metra station. The property has been well maintained, with major capital improvements including a complete tear-off roof replacement (2023), parking lot resurfacing (2017), plumbing upgrades (2017), and security camera installation (2019). The property consists of eleven (11) junior one-bedroom apartments and one (1) ground-floor commercial space leased through 2029. The residential units feature well-maintained finishes, while current apartment rents average approximately 25–30% below market, presenting a clear value-add opportunity through strategic and gradual rent increases as units turn over. Located in one of Chicago's premier suburban downtowns, the property offers investors a rare value-add opportunity with stable commercial income and strong upside potential.

Investment Highlights

• Rarely available 12-unit mixed-use building in downtown La Grange
• Long-term stable commercial tenant - 5,000 SF ground-floor health club anchor
• 11 junior one (1) bedroom units - 25% below market - built-in rental upside
• 0.1 miles from Metra station, steps from La Grange's retail corridor