1106 Alima Terrace presents an opportunity to acquire a well-maintained 4 unit multi-family asset in La Grange Park, Illinois. Built in 1953 with durable masonry construction, the building sits on a 7,332 SF lot occupied with long-term tenants. Units feature central heat and air (forced air electric/gas), and the property has newer electric panels and meters. Additional amenities include garage and surface-level parking, tenant storage, and on-site laundry. The asset presents reliable in-place cash flow with rents currently below market, creating a clear value-add opportunity. Ideally located near multiple interstates and just minutes from downtown La Grange's restaurants and shopping, this property offers stable tenancy with upside potential in a highly accessible, desirable submarket.
Property Features
Parking
Detached
Garage
Basement
Unfinished
Full
Heating Information
Forced Air
School Information
School Information for 1106 Alima Terrace, La Grange Park, IL 60526
Elementary School
N/A
Middle School
N/A
High School
Riverside Brookfield Twp Senior
Listing Courtesy: Keller Williams Infinity - 630-778-5800
Based on information submitted to the MLS GRID as of 2026-04-03 13:01:59. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-04-03 13:01:59
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.