$1,330,000
$1,349,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/21/2024
Key Details
Sold Price $1,330,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11946462
Sold Date 08/21/24
Annual Tax Amount $20,609
Tax Year 2022
Lot Dimensions 101X81
Property Description
Seize the chance to own a prestigious all-brick 16-unit building in Oak lawn, featuring 16 spacious studios and boasting significant upgrades. Recent enhancements include a newer driveway, updated 220 Amp electrical system, hot water tanks replaced in 2017, and a modern boiler. This property presents a compelling value-add opportunity with rents currently below market rates. Leveraging its prime location, consider marketing units on Airbnb for additional income. Unlock even greater potential by acquiring both the nine-unit MLS #11944298 and this 16-unit buildings together. Utilize agency debt to enhance interest in cash flow and amplify the overall profitability of this strategic investment. Don't miss out on this unique opportunity to own and optimize these prime properties in Oak lawn. Broker Owned
Location
State IL
County Cook
Area Oak Lawn
Interior
Fireplace N
Building
Level or Stories 2
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Noah Robinson • eXp Realty, LLC
GET MORE INFORMATION
REALTOR®