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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 819,999

Est. payment | -/mo

10 Beds

5 Baths

8,712 Sqft Lot

Save

$ 819,999

Est. payment | -/mo

Save

10 Beds

5 Baths

8,712 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12780659

Bedrooms 10

Year Built 1972

Annual Tax Amount $15,789

Tax Year 2023

Lot Size 8,712 Sqft

Lot Dimensions 130x70

Property Sub-Type Two to Four Units

Property Description

An exceptional opportunity to own a 4-unit multifamily property in a desirable Oak Lawn location with immediate income potential, house-hacking flexibility, and room to think bigger about the future. The unit mix includes three spacious 2-bedroom, 1-bath apartments plus an expansive owner's duplex-down featuring 4 bedrooms, 2 bathrooms, and a finished lower level with in-law space built out. For an owner-occupant, this creates a rare chance to enjoy substantial living space while income from the additional three units helps support the cost of ownership. For an investor, it offers multiple income streams in a strong suburban location just outside the city. Three of the four units have been recently rehabbed, giving the next owner a more turnkey asset with updated interiors and less immediate work to take on. The property also offers excellent parking and outdoor functionality, including four exterior parking spaces plus a 2.5-car garage, creating added convenience and value for both owners and tenants. Coin-operated laundry and dedicated tenant storage provide even more functionality and potential income. One of the most unique features of this opportunity is that the property already has a ready-built HOA structure in place to help maintain the shared exterior components of the property, creating a framework for organized ownership and long-term upkeep. For the buyer thinking beyond one building, this property offers an exciting starting point. Begin with these four units and potentially build toward ownership of an entire complex over time. It's the kind of asset that can serve as both a home and a foundation for a larger real estate portfolio. Ideally located near Stony Creek Golf Course, shopping, dining, everyday conveniences, and major transportation routes, the property delivers suburban space and accessibility while keeping Chicago within easy reach. Properties like this are exclusive and rarely available. Schedule your appointment today.

Location

State IL

County Cook

Area Oak Lawn

Rooms

Basement Finished, Full

Interior

Heating Gas

Fireplace N

Exterior

Garage Spaces 2.0

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 127 , 127, 218

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Melanie Miller of Keller Williams ONEChicago

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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5633 Edge Lake DR Oak Lawn, IL 60453