9821 S RIDGELAND Oak Lawn, IL $ 625,000
9821 S RIDGELAND
$ 625,000
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9821 S RIDGELAND

Oak Lawn, IL, 60453
$ 625,000
Bedrooms7 Baths6.0 Sq 4,350

Monthly Estimate*

$ 4,154

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Multi-Family Home for sale in Oak Lawn, IL

for $625,000 with 7 bedrooms and 6 full baths. This 4,350 square foot home was built in 1986.

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!!

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Multi-Family Contingent

Price

$ 625,000

Bedrooms

7

Full Bath

6

Property Type

Multi-Family

Taxes

$ 13,810

Style

Year Built

1986

Town/City

Oak Lawn

County/Region

Cook

MLS | Web ID

12036703

Features
General
Sewer Public Sewer Sewer-Storm
Heating Natural Gas Forced Air Sep Heating Systems - 2+ Indv Controls
Possession Closing Tenant's Rights
Roof Asphalt
Architectural Style Other
Year Built 1986
Township Worth
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 52008
Community Features Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 15
Status Contingent
Directions 95TH TO RIDGELAND S. TO ADDRESS
High School Oak Lawn Comm High School
City Oak Lawn
High School District 229
MLS Area Oak Lawn
Waterfront Y/N N
Street Name RIDGELAND
Elementary School Columbus Manor Elementary School
Tax Annual Amount 13810.02
Middle/Junior High School Simmons Middle School
Trash Expense 1265
Water Sewer Expense 1870
Additional Parcels Y/N Y
Days on Market 32
Standard Status Active Under Contract
Middle/Junior School District 122
Elementary School District 122
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Interior
Basement None None
Total Bedrooms 7
Total Baths 6
Bedrooms Possible 7
Full Baths Building 6
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Assigned Driveway Parking Lot
Lot Features Landscaped Sidewalks Streetlights
Water Source Lake Michigan
Total Parking 7
Foundation Details Concrete Perimeter
Lot Dimensions 50 X 110
Other Equipment Intercom Fire Sprinklers CO Detectors
Exterior Brick Stone
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* Excluded Features
List By
Boutique Home Realty

Broker

joanna@boutiquehomerealty.com

Email

Affordability Calculator

$5,305
Per Month
78%
22%
0%
Monthly Principal & Interest
$4,154
Monthly Property Taxes
$1,151
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4021017 Elementary School
1537357 Middle School
Oak Lawn Comm High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$625,000 -1.57% Price Down
4/30/2024$635,000 Listed Price

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9821 S RIDGELAND, Oak Lawn, IL, 60453 is a Multi-Family Home for sale at $625,000 with 4,350 sqft. 9821 S RIDGELAND has 7 bedrooms, 6.0 baths, and was built in 1986. The property's zip code is 60453 which is in Oak Lawn, IL