(708 )415 -1432

ADAM BUTUSOV

BROKER

F O R S A L E

(910 ) 988 -8729

TRIPP BUTUSOV

BROKER

www .Sel l35 .com   Charles Rutenberg Realty

3135 Book Rd . Napervi l le , I l (630 )929 -1100

Charles Rutenberg Realty

Exclusive Listing

 

INVESTMENT HIGHLIGHTS

• TRANSIT ORIENTED LOCATION NEXT TO STONE AVENUE BNSF METRA STATION

• AFFLUENT AREA WITH MEDIAN HOUSEHOLD INCOME OF $117,610

• 2 BLOCKS TO DOWNTOWN LA GRANGE BUSTLING WITH ACTIVITY AND FEATURES A MYRIAD

  OF DINING, SHOPPING AND ENTERTAINMENT OPTIONS INCLUDING A MULTI‐SCREEN THEATER

• MANY COMMUNITY EVENTS IN WALKING DISTANCE INCLUDING LA GRANGE PET PARADE, 

CRAFT SHOWS, FARMER'S MARKET, STREET ART FAIRS, HOLIDAY WALK, HALLOWEEN WALK

AMONGST MANY OTHERS

• 11 CONDO QUALITY UNITS

• 10 OUT OF 11 UNITS HAVE BEEN REMODELED

• NEXT TO STONE AVENUE METRA STATION

• PEDESTRIAN FRIENDLY TOWN WITH VILLAGE PARKING

• GORGEOUS KITCHENS & BATHS

• UPDATED COMMON AREAS

• EASY TO RENT & MANAGE BUILDING

• NEW MASONRY PORCHES

• MINIMAL OUTSIDE COMMON AREAS ‐ NO PARKING LOT MAINTENANCE REQUIRED

• VERY LARGE APARTMENTS

PHONE

EMAIL

PHONE

EMAIL

LISTING BROKER

Exclusively Listed By

TRIPP BUTUSOV, REAL ESTATE BROKER

M1PROPERTYMANAGEMENT@GMAIL.COM

RANGERSELLS@GMAIL.COM

 (910)988‐8729

(708)415‐1432

La Grange Multi‐Family Property

FOR SALE

LISTING BROKER ADAM BUTUSOV, REAL ESTATE BROKER

   

   

Disclaimer: Information contained herein is believed to be accurate.  However, Charles Rutenberg Realty of Illinois and Brokers make no warranties or 

representation as to the accuracy of information contained herein. Use Due Diligence. 

Unit Tenant Name Monthly Rent Lease Expiration  Bed / Bath

A1 Elizabeth / Grant Ream $1,700.00 6/30/2021 2 Bedroom 1 Bath

A2 Trish Cole $1,700.00 5/31/2020 2 Bedroom 1 Bath

A3 John/ Ashley Salter  $1,700.00 3/30/2020 2 Bedroom 1 Bath

B1 Alex Lyons $1,425.00 5/30/2020 2 Bedroom 1 Bath

B2 Patricija Rainytė  $1,500.00 6/30/2020 2 Bedroom 1 Bath

B3 Rachel Karagounis $1,400.00 5/30/2020 1 Bedroom 1 Bath

C1 Maria Vondrasek $1,500.00 4/30/2020 2 Bedroom 1 Bath

C2 Jesscia Barr $1,350.00 M/M 2 Bedroom 1 Bath

C3 Alex Zaplatosch / Daina Mu $1,500.00 6/30/2020 2 Bedroom 1 Bath

GB Bill Brockem $950.00 10/31/2020 1 Bedroom 1 Bath

GF Amy $1,650.00 5/31/2020 2 Bedroom 1 Bath

Gross Rental Income $196,500.00

15 S. Spring Ave. La Grange, Il 60525

Rent Roll

Disclaimer: Information contained herein is believed to be accurate.  However, Charles Rutenberg Realty of Illinois and Brokers make no warranties or representation as to the accuracy 

of information contained herein. Use Due Diligence.

Property Address 15 S. Spring Ave. La Grange, Il 60525

Total # Units

# Type

9 2 Bedroom 1 Bath2 1 Bedroom 1 Bath

Gross Rental Income $196,500.00

Vacancy 5% Estimate $9,825.00

Effective Gross Income $186,675.00

Laundry Income $1,200.00

Total Income $187,875.00

Management Fees $6,600.00

Leasing Brokerage Fees $4,410.00

Scavenger $1,524.00

2018 R.E. Tax $18,144.95

Parking  $3,000.00 Rent Ready Aparments Plumbing Handyman

Maintenance $10,300.00 4 1,300.00$           1,100.00$         

Cleaning $3,000.00 $250 per month

Insurance $3,692.00

Gas $7,084.56

Electric $720.00

Water $4,743.54

Landscaping $1,100.00

Snow Removal $2,000.00

Reserves 1% $1,965.00   

Total Expenses $68,284.05

Net Operating Income $119,590.95

11

15 S. Spring Ave. La Grange, Illinois 60525

Income & Expenses

Unit Mix

Income

Expenses

Disclaimer: Information contained herein is believed to be accurate.  However, Charles Rutenberg Realty of Illinois and Brokers make no warranties or 

representation as to the accuracy of information contained herein. Use Due Diligence.

January February March April May June  July  August September October November December

Gas $830.50 $1,246.74 $799.51 $554.69 $473.81 $198.42 $200.00 $154.52 $156.20 $258.77 $857.39 $874.01

Gas2 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00 $40.00

Electric $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00 $60.00

Water $347.02 $347.02 $347.02 $347.02 $418.44 $415.25 $443.70 $376.55 $405.25 $432.09 $432.09 $432.09

Gas $7,084.56

Electric $720.00

Water $4,743.54

Utilities $12,548.10

 

15 S. Spring Ave. La Grange, Il 60525

Utilities

Totals

2019

Disclaimer: Information contained herein is believed to be accurate.  However, Charles Rutenberg Realty of Illinois and Brokers make no warranties or representation as to the accuracy 

of information contained herein. Use Due Diligence.

15 S. Spring Ave. La Grange, Il 60525

Proposed Transaction

Purchase Price $1,850,000.00

Down Payment $462,500.00

Financing

Finance Amount $1,387,500.00

Interest Rate 4.50%

Amortization Schedule 30 Years

Term  5 Years

Pro Forma

Net Operating Income $119,590.95

Annual Debt Service $84,363.10

Cash Flow $35,227.85

Cash on Cash Return 7.62%

Year 1 Retained Equity / Principal Reduction $61,979.58

Cash Flow + Retained Equity $97,207.43

Total 1st Year Return on Investment 21.02%

15 S. Spring Ave. La Grange, IL 60525

Investment Analysis

Disclaimer: Information contained herein is believed to be accurate.  However, Charles Rutenberg Realty of Illinois and Brokers make no 

warranties or representation as to the accuracy of information contained herein. Use Due Diligence.

AHHH! LA GRANGE!

La Grange, Illinois Information

Downtown La Grange on any day or night is bustling with activity and features a myriad of dining,

shopping and entertainment options including a multi-screen movie theater.

La Grange is an award-winning Village, featured prominently in several magazines such as Chicago

Magazine and West Suburban Living, including a Best Downtown and Best Places to Live designation.

La Grange in the News

ABC 7 Celebrates Hometown Holiday

ABC 7 highlighted the 25th Anniversary of the La Grange Holiday Walk on December 5, with Nancy

Cummings from the La Grange Business Association describing all the great shopping opportunities in La

Grange.

La Grange Featured On WGN's Around Town

WGN's Ana Belaval spent a morning in downtown La Grange, riding a fire truck with Santa and visiting

several local merchants to celebrate Hometown Holiday.

Small Business Saturday in La Grange

NBC 5 Chicago was out and about around La Grange on Small Business Saturday, showcasing several

local shops and promoting the La Grange Holiday Shopping Rebate Program that runs through

December.

High Tech Holiday Gift Ideas Nancy Cummings, Executive Director of the La Grange Business Association, recently appeared on the

Weekend Web on NBC 5 Chicago and promoted several local business offering high-tech holiday gifts.

Aracely's Bakery Featured on Fox 32

Aracely's Bakery in downtown La Grange was recently featured on Chicago Fox 32's Good Day

Chicago. In this video, Aracely's owner Junior Pinal shows off the bakery's popular Cubs-themed cookies

and cakes.

Signature Events

La Grange is known for its unique and notable events including the annual Pet Parade, Craft

Show, Endless Summerfest, West End Art Festival, Halloween Walk and Holiday Walk. Please visit the La

Grange Business Association for more information regarding these events

La Grange, Illinois Information

Awards and Accolades

Chosen as Top Transit Suburb in Metro Chicago by Chaddick Institute in 2012.

La Grange was named one of the 20 "Top Transit Suburbs" of Metropolitan Chicago by the

Chaddick Institute for Metropolitan Development, DePaul University. The report evaluates the

region's suburbs on the basis of their attractiveness to those with lifestyles oriented toward the

use of public transportation. Factors considered are station facilities, amenities and services

available to those traveling without a car, the vibrancy of retail areas adjacent to commuter-rail

stations and a community's public transportation culture as demonstrated by the number and

share of residents who walk or bike to the train.

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FIRE STATION

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VILLAGE HALL

POLICE STATION

PUBLIC LIBRARY

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LOTPARKING STRUCTURE

SEE PARKING OPTIONS FOR DETAILED INFORMATION REGARDING HOURS OF OPERATION.

COMMUTER STATION

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La Grange Transportation

Getting Around Town

Metra BNSF Line

The BNSF line makes stops at La Grange Road and Stone Avenue stations both to and from downtown

Chicago's Union Station.

Amtrak

Amtrak stops at La Grange Road Station, 25 West Burlington Avenue.

Pace

Pace route 330 services La Grange between Mannheim and La Grange roads, with routes 302 and 304 also

making stops in La Grange.

15 S. SPRING AVE

PROPERTY PHOTOS

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MAPS & OVERHEAD VIEWS

BIRDS EYE VIEW

Property Survey

BIRDS EYE VIEWAREA MAP