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
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Price Changed | $1,349,000 -3.57% | Concentric Realty, Inc | ||
Price Changed | $1,399,000 -2.85% | Concentric Realty, Inc | ||
Price Changed | $1,440,000 -3.58% | Concentric Realty, Inc | ||
Price Changed | $1,493,500 -3.27% | Concentric Realty, Inc | ||
Listed For Sale | $1,544,000 | Concentric Realty, Inc |
High School Oak Lawn Comm High School | 0.3 miles away | 09 - 12 | |
Elementary School Columbus Manor Elementary School | 0.6 miles away | KG - 06 | |
Middle School Simmons Middle School | 0.6 miles away | 07 - 08 |