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702 E Lincoln Avenue La Grange, IL 60525 • Residential - Single Family • New

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  • 702 E Lincoln Avenue, La Grange, IL 60525 Main Photo

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Description

TWO ADDRESSES. TWO PINs. ONE EXCEPTIONAL OPPORTUNITY! Why choose between a beautiful home and an income-producing investment when you can have both? Welcome to 201 Washington Avenue and 702 E. Lincoln Avenue, a unique property in desirable La Grange offering remarkable versatility, extensive upgrades, and an excellent location! This classic brick, side-by-side duplex features two separate residences with private entrances, offered together as one package. The larger residence has undergone an extensive renovation, featuring a beautifully redesigned kitchen with shaker-style cabinetry, stainless steel appliances, quartz countertops, and a spacious center island. Updated flooring, remodeled bathrooms, and a new heating and cooling system complete the transformation. Both residences benefit from updated electrical and plumbing systems. The adjoining two-story, townhome-style residence features its own entrance and basement, providing an excellent opportunity for additional rental income while maintaining privacy and independence. Together, the residences offer 7 bedrooms, 51/2 full bathrooms, and a detached brick two-car garage. The possibilities are impressive! Enjoy the beautifully remodeled larger home while collecting income from the adjoining residence, rent both units as an investment, accommodate extended family in separate living spaces, or explore combining the residences into one larger home, subject to Village approvals. And the location adds even more value! Situated on a corner lot in established La Grange, the property offers convenient access to vibrant downtown La Grange, known for its restaurants, boutiques, coffee shops, and entertainment. Nearby Metra BNSF stations provide connections to downtown Chicago, while Ogden Avenue, La Grange Road, I-294, I-290, and I-55 offer excellent regional accessibility. Trader Joe's, shopping, parks, and recreational facilities are all nearby. The property is served by La Grange School District 102 and Lyons Township High School District 204. A BEAUTIFUL HOME, AN INCOME OPPORTUNITY, OR BOTH! An exceptional combination of comfortable living, investment potential, and flexibility in one desirable location. Both addresses and PINs are included and sold together as one package. Schedule a showing today!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 2,404
Garage Size: 2
Built in 1946
High School: Lyons Twp High School
Brick Exterior

General Information

Bedrooms: 7
Bathrooms: 6
Sqft: 2,404
County: Cook
High School: Lyons Twp High School
Listed By:
Chicagoland Brokers, Inc. 773-745-1000
MRED MLS

Room Information

Bedroom 5: 11X11
Bedroom 6: 11X11
Bedroom 7: 11X11
Kitchen- 2nd: 20X20
Family Room - Down: 20X20
Bedroom 2: 11X11
Bedroom 3: 11X11
Bedroom 4: 15X12
Dining Room: 11X9
Kitchen: 11X9
Laundry: 10X8
Living Room: 15X12
Primary Bedroom: 15X12
$890,000
Est. $6,176/mo
7beds
6baths
2,404sqft
2cars
New to the Market New
BEDS7 BATHS5 full 1 partial SQUARE FEET2,404 MLS#12793864
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 204

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702 E Lincoln Avenue, La Grange, IL 60525.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $890,000$890,000$890,000
Down Payment $178,000$31,150$222,500
Monthly Mortgage Amount $4,677$5,741$5,769
Taxes $1239$1239$1239
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$534$0
Monthly Estimated Total $6,176$7,774$7,268

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