$625,000 Price Analysis    ♡   Oak Lawn, IL 60453 7 bed 6 bath 4,350 SqFt ($143/SqFt) 5,500SqFt lot. Built 1986 Listed 2024-04-30 | Ⓧ USDA Ineligible due to location near Oak Lawn |
Welcome to this built in 1986 legal 3-flat property located in the heart of Oak Lawn.
* No Longer For Sale *
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Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front portico entryway and professional landscaping. This well-maintained building features two sizeable 2 bedroom, 2-bath units along with a third 3 bedroom, 2-bath unit on top floor. Each unit is about 1400 ft and the two 2 bedroom units could possibly be converted to a 3 bedrooms by repurposing a spacious dining room as there is already a sufficient table space by the kitchen to maximize the earnings. (Please do your due diligence- it is w suggestion not a guarantee).
Currently fully leased with quality tenants, this property offers a fantastic opportunity for immediate rental income with a potential to increase rent upon lease renewal as Oak Lawn is a sizzling hot rental market. Each unit is equipped with central air conditioning/forced heat for added comfort as well as convenience of having their own private full size laundry/storage room. Tenants are responsible for payi ng gas and electric expenses. Don't miss out on this chance to own a lucrative nvestment property in a desirable location across from Chicago Ridge Mall. Contact us today for more information and be the first to seize this exceptional real estate opportunity. Plenty of parking on the paved back lot and driveway. Reach out to your agent to see DETAILED VIDEO if units!!
Presented by Joanna Lewkowicz at
Boutique Home Realty.
Property MLS #12036703 from MRED
Bedrooms Possible: 7
Full Bathrooms: 6
Additional Parcels: Yes
Lot Description: Landscaped, Sidewalks, Streetlights
Lot Size Acres: 0.1262626
Lot Size Dimensions: 50 X 110
Lot Size Square Feet: 5500
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Elementary School District: 122
High School: Oak Lawn Comm High School
High School District: 229
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Full Bathrooms in Unit-3: 2
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 5
Unit-1 Description: Unit 1
Unit-2 Description: Unit 2
Unit-3 Description: Unit 3
Unit-1 Square Feet: 1450
Unit-2 Square Feet: 1450
Unit-3 Square Feet: 1450
Unit 1 Total Actual Rent: 1459
Unit 2 Total Actual Rent: 1375
Unit 3 Total Actual Rent: 1375
Source Listing Status: Closed
County: Cook
Directions: 95TH TO RIDGELAND S. TO ADDRESS
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 24081230120000
Postal Code Plus 4: 3991
Township: Worth
Property Subtype: Two to Four Units
Source System Name: C2C
$600,000
MRED
Price Changed 2024-05-17
$625,000
MRED
Listed 2024-04-30
$635,000
MRED
Listing removed 2007-06-20
$485,000
MRED
Listed 2007-04-09
$485,000
MRED
Listing removed 2007-01-25
$489,900
MRED
Listed 2006-09-23
$489,900
MRED
Foundation Details: Concrete Perimeter
Property Age: 38
Roof: Asphalt
Water Source: Lake Michigan
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.