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$700,000

Est. payment - /mo

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7 Beds

6 Baths

Pending

9821 S RIDGELAND AVE Oak Lawn, IL 60453

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Cristina Gluszek

cristinagluszek@gmail.com +1(815) 557-3821

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12336242

Style Other

Bedrooms 7

Year Built 1986

Annual Tax Amount $24,081,368

Tax Year 2023

Lot Dimensions 50 X 110

Property Sub-Type Two to Four Units

Property Description

Welcome to this 3-flat property located in the heart of Oak Lawn. Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front 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 with 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.

Location

State IL

County Cook

Area Oak Lawn

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls

Equipment Intercom, Fire Sprinklers, CO Detectors

Fireplace N

Exterior

Community Features Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Landscaped

Dwelling Type Two to Four Units

Building Description Brick,Stone, No

Sewer Public Sewer, Storm Sewer

Water Lake Michigan

Structure Type Brick,Stone

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 None

Listed by Cynthia Agate • Keller Williams Preferred Rlty