10542 Crown Rd Franklin Park, IL 60131
Estimated payment $7,619/month
About This Home
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. In the Fall of 2025, Sellers have contracted to update the Corner staircases and landings and upon completion, all Masonry repairs to the front and rear brick shall be completed as well!. Laundry facilities (2 washers & dryers are located in 10542 Crown) however, the equipment has not been available to the tenants in 2025 due to Improvement construction. 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,063
Year Built
- Built in 1975
Lot Details
- 10,452 Sq Ft Lot
- Lot Dimensions are 132 x 153
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Membrane Roofing
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
Utilities
- Baseboard Heating
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $515
- Fuel Expense $3,309
- Insurance Expense $2,200
- Maintenance Expense $2,682
- Trash Expense $1,477
- Water Sewer Expense $4,383
- Operating Expense $35,629
- Gross Income $104,940
- Net Operating Income $82,811
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2025 05/26/25 | For Sale | $1,100,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12375238
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