Address
4014 W 103rd Street, Oak Lawn, IL
Price
$ 931,500
Property Attributes
- MLS#11944298
- TypeContingent
- CountyCOOK
- CityOak Lawn
- AreaOak Lawn
- Zip60453
- StyleMulti-Family
- Year Built1964
- Taxes$ 15084
- Price$ 931,500
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 12/22/2023 | Listed $931,500 |
General Features
| Zoning | MULTI |
|---|---|
| Construction Materials | Brick |
| Year Built | 1964 |
| Tenant Pays | Electricity |
| Stories | 2 |
| Township | Worth |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 105888 |
| County | Cook |
| Net Operating Income | 73702 |
| Operating Expense | 33094 |
| Insurance Expense | 5648 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Possible Use | Multi-Family |
| Status | Contingent |
| Directions | Pulaski Road to 103rd West to Building |
| City | Oak Lawn |
| Total Units | 9 |
| MLS Area | Oak Lawn |
| Street Name | 103rd |
| Tax Annual Amount | 15084 |
| Electric Expense | 600 |
| Fuel Expense | 4000 |
| Trash Expense | 636 |
| Water Sewer Expense | 3400 |
| Additional Parcels Y/N | No |
| Days on Market | 145 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Lot Dimensions | 101X81 |
|---|---|
| Frontage Type | Public Road |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60453
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 22, 2024 3:17 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 22, 2024 3:17 PM UTC
