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$ 1,200,000
Est. payment | /mo
10,018 Sqft Lot
$ 1,200,000
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12302879
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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Listed by Edward Hall • Baird & Warner
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "