$ 600,000 $ 625,000 4.0%

9821 S RIDGELAND

Oak Lawn, IL 60453

  • 7 Beds
  • 1986 Year Built
Welcome to this built in 1986 legal 3-flat property located in the heart of Oak Lawn. Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front portico 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 w 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. Reach out to your agent to see DETAILED VIDEO if units!!
Listed by Joanna Lewkowicz of Boutique Home Realty , Sold By Arturo Gaona of Century 21 New Beginnings

VIDEOS

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PROPERTY DETAIL

  • Key Details

    Sold Price $600,0004.0%

    Property Type Multi-Family

    Sub Type Two to Four Units

    Listing Status Sold

    Purchase Type For Sale

    MLS Listing ID 12036703

    Sold Date 06/27/24

    Style Other

    Bedrooms 7

    Year Built 1986

    Annual Tax Amount $13,810

    Tax Year 2022

    Lot Dimensions 50 X 110

    Property Sub-Type Two to Four Units

  • Location

    State IL

    County Cook

    Community Sidewalks, Street Lights, Street Paved

  • Rooms

    Basement None

  • Building

    Lot Description Landscaped, Sidewalks, Streetlights

    Foundation Concrete Perimeter

    Sewer Public Sewer, Sewer-Storm

    Water Lake Michigan

    New Construction false

  • Interior

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

    Fireplace N

  • Exterior

    View Y/N true

    Roof Type Asphalt

  • 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 List Broker Must Accompany

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CONTACT

Joanna Lewkowicz
Joanna Lewkowicz

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