4226 Blanchan Avenue, Brookfield, IL 60513

$499,000 Asking Price

4 beds
2 baths
2,400  sqft
Built in 1898

Remarkable Opportunity to purchase a Legal Non-conforming 2 unit building that can easily be converted back to a charming single family home within walking distance of the prestigious Downtown Lagrange and situated in a renowned LaGrange school district 102. This upgraded property is a rare gem, boasting a multitude of improvements that enhance both aesthetics and functionality. With a brand new tear-off roof, brand new siding, insulation & gutters, new exterior staircases, rails and decking, some new concrete in walkway, newer garage and new landscaping, the exterior exudes charm and durability. Inside, the upgrades continue with some new windows, a new hot water tank servicing the 1st floor, a newer hot water tank servicing the 2nd floor, a new furnace with new ductwork on 1st floor and basement, and a newer furnace on the second floor, new and separate central air systems in both units ensuring comfort and energy efficiency throughout. The interior of the home has been updated, featuring new hardwood floors throughout, new kitchen and bath cabinets and countertops tops (quartz in 1st floor), updated bathroom with new vanities, new toilets and resurfaced tubs. Most new light fixtures throughout. New washers and dryers for both units. Updated and separated electrical and plumbing updated at fixtures. 1st floor master bedroom has a tandem room currently used as a 2nd closet (walk-in). Can be office, den, 3rd bedroom or where you would add the stairs to convert back to single family, if desired. Entire home has been recently painted. Basement has been reinforced, insulated, partially framed and water-proofed with a brand new sump pump and drain tile system. Permits were pulled to complete frame and drywall basement, work is in progress. Buyers have an opportunity to add 3rd bathroom in basement utilizing sellers contractor, at an additional cost. Inquire! Additionally, units come furnished and all window treatments stay. Although most furniture is brand new, furniture is sold as is, where is. 2nd floor was strategically set up for corporate rentals, with a verifiable successful rental history of $1800 per month, on 2nd floor. 1st floor was rented below market value to a family friend at $1800. Both units are currently not rented. This unique feature not only adds value to the property but also positions it as a turnkey business opportunity. Benefit from the convenience of walking distance to Downtown Lagrange, making this home an ideal choice for those who value a vibrant lifestyle. Whether you're looking for a wonderful residence or an investment opportunity, this property offers the best of both worlds. Seize the chance to own not just a great property in an amazing area but also a ready-made business venture in a highly acclaimed school district with low taxes!! This property is broker owned. 800 sq ft out of the 1700 sq ft listed for unit one is the recreational room in finished basement.


Features & Amenities

Interior

General:
Hardwood Floors, First Floor Bedroom, In-Law Arrangement, Walk-In Closet(s), Ceiling - 9 Foot, Some Window Treatment, Granite Counters, Separate Dining Room, Pantry
Rooms:
Bonus Room, Kitchen, Walk In Closet, Balcony/Porch/Lanai, Deck
Appliances:
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Dining:
Separate
Laundry:
In Unit, Common Area, Multiple Locations
Basement:
Full, Walkout
A/C:
Central Air
Heating:
Natural Gas
Fireplace:
Fireplaces: 0
Disability Feature:
None

Exterior

General:
Vinyl Siding, Balcony, Deck, Storms/Screens
Parking:
Garage, Parking spaces: 2

Construction

Roofing:
Asphalt
General:
1.5 Story, Concrete Perimeter, Stone

Location

HOA Amenities:
Not Applicable
Originating MLS:
mred
School District:
102
County:
Cook

Lot

Zoning:
18031210430000

Utilities

Utilities:
Circuit Breakers, 100 Amp Service
Water:
Public
Sewer:
Public Sewer

Financial

Source:
mred
Ownership:
Fee Simple
Buyers Agent Compensation:
2%

This listing courtesy of:
Save Estate Flat Fee Brokerage, LLC, Baxtie Rodriguez

About Brookfield, IL

Housing

Number of Units
7,482
Median Home Value
$271,457
Median Rent
$971

21.27% of housing units are renter occupied.

5.47% are vacant.

Commute

Car
61.44%
Public Transportation
7.98%
Walk to Work
1.01%
Work from Home
28.58%
Other
0.32%

The median travel time to work is 23 minutes.

People

Population
18,911
Median Age
39.70
Median Household Size
2.81

Education

High School
20.48%
Associate’s Degree
9.33%
Bachelor’s Degree
28.30%
Graduate Degree
17.22%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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