$818,000
$931,500
12.2%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/12/2024
Key Details
Sold Price $818,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11944298
Sold Date 06/12/24
Year Built 1964
Annual Tax Amount $15,084
Tax Year 2022
Lot Dimensions 101X81
Property Sub-Type Multi Family 5+
Property Description
Seize the opportunity to acquire a stunning nine-unit, all-brick apartment building nestled in the esteemed suburb of Oak Lawn.Comprising one studio apartment and eight one-bedroom units, this property boasts fully owned Washer and Dryer facilities, providing an additional income stream. With rents currently below market rates, this presents an ideal prospect for a value-added acquisition.Rents can be substantially raised with modernizing units or explore the potential of transforming these units into lucrative Airbnb accommodations, offering an additional avenue to maximize income and capitalize on the thriving short-term rental market. The boiler, installed within the last five years, ensures efficient heating. Furthermore, consider the option to combine this property with the available 16-unit offering at 4525 W 95th MLS #: 11946462 maximizing potential with agency debt and plottage benefits. Broker owned.
Location
State IL
County Cook
Area Oak Lawn
Zoning MULTI
Interior
Fireplace N
Building
Level or Stories 2
Structure Type Brick
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Bought with Jake Fugman • eXp Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "