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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Jihan Naserof Village Realty, Inc.

$650,000

Est. payment - /mo

8 Beds

9,583 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12730083

Bedrooms 8

Year Built 1971

Annual Tax Amount $15,778

Tax Year 2023

Lot Size 9,583 Sqft

Lot Dimensions 9769

Property Sub-Type Two to Four Units

Property Description

MULTIPLE OFFERS RECEIVED. SELLERS HAVE REQUESTED A HIGHEST AND BEST DEADLINE OF SATURDAY 5PM. RARE TURNKEY 4-FLAT INVESTMENT OPPORTUNITY IN CHICAGO RIDGE! Incredible turn-key multi-family property offered at $650,000, presenting a high-yielding opportunity for investors or owner-occupants. All units in this property will be delivered VACANT at closing, providing a rare, clean-slate advantage to immediately lease all four units at current top-of-market rents. This building offers strong, predictable cash flow in a low-vacancy Southwest Cook County submarket. Unmatched Value-Add & Space Potential: Beyond the standard 4-unit setup, the property features a spacious, full ~2,000 sq. ft. basement complete with a laundry room, an existing, functional bathroom, and dedicated tenant storage units. Immediate Income Boost: Monetize the storage lockers or install coin/app-operated laundry to unlock secondary revenue. Amenity Conversion: Transform the open floor plan into a tenant fitness center, private storage hub, or lounge space to command top-tier rental premiums across all units. Expansion Upside: Explore the potential for a 5th unit / Accessory Dwelling Unit (ADU) conversion (buyer to verify local zoning and municipal requirements). Exceptionally maintained, low hassle, and strong market positioning. Centrally located near local schools, Chicago Ridge Mall, major retail corridors, and Metra/highway access. Properties of this size and vacancy status rarely come to market at this price point!

Location

State IL

County Cook

Rooms

Basement Unfinished, Rec/Family Area, Storage Space, Full

Interior

Heating Natural Gas, Steam, Baseboard

Fireplace N

Exterior

View Y/N true

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

High Schools H L Richards High School (Campus

School District 127.5, 127.5, 218

Others

Ownership Fee Simple

Special Listing Condition Standard

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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7139 99th ST Chicago Ridge, IL 60415

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7139 99th ST