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.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $931,500 | Concentric Realty, Inc |
Undergraduate School Care Program | 0.6 miles away | UG - UG | |
Elementary School J M Hannum Elementary School | 0.6 miles away | KG - 05 | |
Elementary School Lawn Manor School | 0.8 miles away | PK - 02 |