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1211 Homestead Rd, La Grange Park, IL 60526 | Multifamily Income Property

1211 Homestead Rd, La Grange Park, IL 60526
Featured High Yield Multifamily
REI Capital advisor
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Market Insight

Opportunity

With a cap rate of 7.68%, this property offers attractive returns for investors.

Market Insight

Risk

Given its age (1957) and need for ongoing maintenance, potential investors should carefully consider these factors.

Market Insight

Strength

Located in La Grange Park, IL, the property benefits from its proximity to shopping and transit options.

$1,190,000
Investment Value
7.68%
CAP Rate
📈 Strong 7.68% cap rate vs market average.
$91,392
Annual NOI
💰 High NOI demonstrates strong operational efficiency.
5,200 SF
Rentable Area
🏢 Optimal size for institutional investors.
$228.85
Price per SF
🎯 Attractive price per SF vs comparable properties.

La Grange Park, IL Multifamily Property Overview

  • Multifamily Building located in La Grange Park, IL
  • Built in 1957
  • On-site parking with 10 spaces
  • Strong cap rate of 7.68%
  • 5,200 SF of rentable area

Property Details

Year Built 1957 Building Type Multifamily
Total Size 5,200 SF Zoning C
Parking Spaces 10 Property Tax Rate 2.64%
Cap Rate 7.68% Annual NOI $91,392
Price $1,190,000 Price/SF $228.85
Location La Grange Park, IL County Cook
REI Capital advisor
Align Your Capital Strategy

Compare direct ownership against passive CRE platform exposure.

The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.

REI Capital advisor

Model your investment returns and cash flow projections

25%
5.0%
30 years
2.64%
5 years
4.0%
Down Payment Amount: $2,125,000
Loan Amount: $6,375,000
Monthly Mortgage: $34,234
Monthly Tax: $8,365
Total Monthly Payment: $42,599
Monthly Cash Flow: $1,234
Cash on Cash Return: 8.7%
Cap Rate: 6.2%
Debt Coverage Ratio: 1.54x
IRR (5 years): 12.3%
Projected Property Value: $9,854,932
Net Equity at Sale: $4,567,890
📊 Monthly Payment Analysis

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💵 Cash on Cash Return

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🚀 Internal Rate of Return

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🏛️ Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

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Investment Due Diligence For 1211 Homestead Rd, La Grange Park, IL Income Property

Key questions for informed investment decisions

What is the capitalization rate? +
7.68%
How many units? +
7 units
What is the asking price? +
$1,190,000
When was the property built? +
Built in 1957
What type of property? +
Multifamily apartment

Things Near 1211 Homestead Rd, La Grange Park, IL

La Grange Park Historic District

0.5 miles

La Grange Park Village

1.2 miles

Metra La Grange Park Station

0.8 miles

About La Grange Park

La Grange Park, IL is a stable investment market with a median household income of $69,722 and relatively low poverty rate of 5.3%. This market tends to attract families and professionals, given its high homeownership rate of 70.6% and median property value of $326,200. The population of 13,602 has a median age of 39.3, with a diverse ethnic makeup, including 45.9% White, 41.8% White Non-Hispanic, and 6.4% Hispanic. The foreign-born rate of 14.1% also contributes to the area's diversity. Top industries in the area include Finance & Insurance, Real Estate & Rental & Leasing, Information, and Public Administration, which provides a stable economic base. However, the GINI coefficient of 0.486 indicates some income inequality, which could be a challenge. The average commute time of 27.9 minutes is relatively manageable, with most residents driving alone or working from home. A significant advantage is the high health insurance coverage rate of 96.3%, indicating a relatively healthy population. With 43.2% of the population holding a Bachelor's degree or higher, the area has a skilled workforce. While the 5.3% poverty rate is relatively low, it still suggests some risk. Overall, La Grange Park, IL offers a mix of stability, diversity, and opportunity for investment, but it's essential to carefully consider the local economy and demographic trends.

Population 13,602
Median Age 39.3
Avg. Household Income $69,722
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