9821 S RIDGELAND AVE new Save Request In-Person Tour Request Virtual Tour
Oak Lawn,IL 60453
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12336242
Style Other
Bedrooms 7
Year Built 1986
Annual Tax Amount $24,081,368
Tax Year 2023
Lot Dimensions 50 X 110
Property Sub-Type Two to Four Units
Property Description
Welcome to this 3-flat property located in the heart of Oak Lawn. Attractive and sturdy brick/stone exterior accented by architectural shingles roof, front 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 with 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.
Location
State IL
County Cook
Area Oak Lawn
Rooms
Basement None
Interior
Heating Natural Gas,Forced Air,Sep Heating Systems - 2+,Indv Controls
Equipment Intercom,Fire Sprinklers,CO Detectors
Fireplace N
Exterior
Community Features Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Lot Description Landscaped
Dwelling Type Two to Four Units
Building Description Brick,Stone, No
Sewer Public Sewer,Storm Sewer
Water Lake Michigan
Structure Type Brick,Stone
New Construction false
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 None