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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12036703
Sold Date 06/27/24
Style Other
Bedrooms 7
Year Built 1986
Annual Tax Amount $13,810
Tax Year 2022
Lot Dimensions 50 X 110
Property Description
Welcome to this built in 1986 legal 3-flat property located in the heart of Oak Lawn. Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front portico entryway & professional landscaping. This well-maintained building features two spacious 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 paying gas and electric expenses. Don't miss out on this chance to own a lucrative investment 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!!
Location
State IL
County Cook
Community Sidewalks, Street Lights, Street Paved
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Asphalt
Parking Type Assigned, Driveway, Parking Lot
Building
Lot Description Landscaped, Sidewalks, Streetlights
Foundation Concrete Perimeter
Sewer Public Sewer, Sewer-Storm
Water Lake Michigan
New Construction false
Schools
Elementary Schools Columbus Manor Elementary School
Middle Schools Simmons Middle School
High Schools Oak Lawn Comm High School
School District 122, 122, 229
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Arturo Gaona • Century 21 New Beginnings
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Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com