10548 Crown RD Active

Franklin Park,IL 60131

$ 1150000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12312726

Maintenance Fees $2,682

Year Built 1975

Annual Tax Amount $20,063

Tax Year 2023

Lot Size 10,018 Sqft

Lot Dimensions 132 X 153

Property Sub-Type Multi Family 5+

Property Description

Prime Investment Opportunity in Franklin Park! An exceptional chance to own two side-by-side 10-unit all-brick apartment buildings, connected by a charming courtyard. Each Building has California Balconies. The buildings features identical 1-bedroom, 1-bath apartments. Each building has a full basements, providing additional value and potential to create Storage lockers! Recent Major Improvements (Completed in 2024):New asphalt parking lots (10 spaces per building) New Wolmanized wood balconies & railings on 2nd floors. New roof on 10548 Crown & roof repairs on 10542 Crown laundry facilities (2 washers & dryers in 10542 Crown) Majority of units remodeled. No Vacancies, all tenants are on month-to-month leases, and tenants pay electric. Significant Tax Savings! Both buildings have been approved under the Cook County Affordable Housing Special Assessment Program, resulting in a 35% reduction in assessed valuation for 10 years (renewable if compliance continues). This program benefits both owners and tenants by promoting affordable housing while reducing tax burdens. Unbeatable Location! Conveniently located near O'Hare Airport & Interstate 90, offering easy access to major employment hubs, transit, and amenities. Don't miss out on this **turnkey investment with strong occupancy, recent upgrades, and long-term tax advantages! Contact us today for more details!

Location

State IL

County Cook

Area Franklin Park

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Water-Community

Roof Type Membrane

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Brick

Others

HOA Fee Include None

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