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Listing provided courtesy of Keller Williams InfinityMREDas Distributed by MLSGrid- MLS# 12660667MLS Provider

1106 Alima TerraceLa Grange Park, IL 60526

Multi-Family · 8 Beds · 0.17 Acres
$895,000 Active

1106 Alima Terrace Overview

Time on Site:
33 days
Visits:
0

1106 Alima Terrace presents an opportunity to acquire a well-maintained 4-unit multi-family asset in La Grange Park, Illinois. The property sits on a 7,332 SF lot and offers a compelling option for both investors and owner-occupants looking to build equity while generating income. Three units are available immediately, providing a clear path to increase rents to market rates and capture upside from day one. Units feature central heat and air (forced air electric/gas), and the property has newer electric panels and meters. Additional amenities include 4 Car Detached-Garage and surface-level parking, tenant storage, and on-site laundry. Ideally located near multiple interstates and just minutes from downtown La Grange's restaurants and shopping, this property offers strong rental demand, accessibility, and long-term growth potential in a desirable submarket.

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1106 Alima Terrace Facts & Features

  • Type Multi-Family
  • Lot 0.17 Acres

Details

General

School Information

  • School District: 208
  • High School: Riverside Brookfield Twp Senior

Building Information

  • New Construction: No
  • Year Built: 1952

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: La Grange Park
  • Township: Proviso

Tax Information

  • Tax Annual Amount: $14,212.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 15273300290000
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 4

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Forced Air
  • Rooms Total: 20

Exterior

Parking Information

  • Parking Features: Yes, Detached, Garage
  • Parking Total: 5

Lot Information

  • Lot Size Acres: 0.17
  • Lot Size Dimensions: 7,332
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 2
  • Baths Total: 1

1106 Alima Terrace Neighborhood

Community

60526 (LA GRANGE PARK) Demographics

40
Median Age
4,800
Population Density (per sq. mile)
69%
College Educated
$107,860
Estimated Median Income
3,577
Estimated Total Home Owners
1,356
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1106 Alima Terrace Monthly Cost

$
$ %
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$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1106 Alima Terrace Market Data

Based on the last 30 days in this zip code

$503,581
Average List Price
$346
Average Price per Square Foot
10
Properties Sold
38
Average Days on Market
22
Properties for Sale
Calculations provided by Reliance Network

1106 Alima Terrace History

Date Event Value Agent
6/2/2026Source: MRED Status Change
Active
5/28/2026Source: MRED Added to Database
May 28, 2026