$1,450,000
SOLD SEP 16, 2025

4337 Prescott Ave Lyons, IL 60534

-- Bed
12 Baths
13,005 Sq Ft
13,504 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

5% Below List Price

342 Days on Market

Highlights

  • 0.31 Acre Lot
  • Tile Flooring
  • Baseboard Heating
  • Security Service
  • Property is near bus stop
  • Laundry Facilities

About This Home

As of September 2025

4337 Prescott Avenue, a 12-unit multifamily property located in Lyons, Illinois. This property includes a mix of three one-bedroom/one-bathroom units and nine two-bedroom/one-bathroom units, thoughtfully designed to meet tenant needs. Fully occupied with a stable tenant base, this property offers immediate cash flow and efficient management. Recent improvements include a new heating system, HD security cameras, and remodeled bathrooms in select units. Owned washers and dryers in the on-site laundry, individual heating controls, and ample surface parking enhance tenant convenience and satisfaction. This property presents an excellent opportunity to acquire a well-maintained asset with potential for increased returns through strategic rental adjustments and additional unit updates. Location Description Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns. HIghlights 12-unit multifamily property Unit mix: Three 1BR/1BA and Nine 2BR/1BA units Fully occupied with immediate cash flow Recent upgrades: heating system, security cameras, and unit renovations On-site laundry with owned washers and dryers Individual heating controls and ample surface parking Stable tenant base with value-add potential

Last Agent to Sell the Property

Randolph Taylor

Listed on: 10/09/2024

Last Buyer's Agent

Non-Member Agent

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,000

Year Built

  • Built in 1966 | Remodeled in 2024

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 12 Full Bathrooms
  • 13,005 Sq Ft Home
  • 3-Story Property
  • Alarm System

Flooring

  • Laminate
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 13,504 Sq Ft Lot
  • Property is near bus stop

Community Details

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,000

Year Built

Built in 1966 | Remodeled in 2024

Lot Details

0.31 Acres

Listing Details

  • BuildingCommunityLaundry: Yes
  • BuildingCommunitySecurity: Yes
  • FloorLaminate: Yes
  • FloorTile: Yes
  • HamletID: 0
  • HeatFuelNaturalGas: Yes
  • HeatTypeBaseboard: Yes
  • HeatTypeHotWater: Yes
  • InteriorAlarm: Yes
  • IsNaturalGasAvailable: Yes
  • LandRentAmount: 0
  • Lot Size Acres: 0.31
  • NearBus: Yes
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Lyons
  • Prop. Type: Multi-Unit (5+)
  • Renovation Year: 2024
  • RoofAsphalt: Yes
  • SForSaleAndRForRental: S
  • SidingBrick: Yes
  • SidingWood: Yes
  • USStateAbbreviation: IL
  • WallWindowAC: Yes
  • WaterSourceType: Municipal
  • Year Built: 1966
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Renovated: 2024

Interior Features

  • Fireplaces: 0
  • AboveArea Sq Ft: 13005

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Utilities

  • Sewer Type: Municipal

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 34000

Tax Info

  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2025 09/16/25 Sold $1,450,000 -4.6% $111 / Sq Ft
03/27/2025 03/27/25 For Sale $1,520,000 0.0% $117 / Sq Ft
02/19/2025 02/19/25 Off Market $1,520,000 -- --
01/20/2025 01/20/25 Price Changed $1,520,000 -51.0% $117 / Sq Ft
10/09/2024 10/09/24 For Sale $3,100,000 -- $238 / Sq Ft
Source: My State MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,894 $12,877 $2,405 $10,472
2024 $3,894 $12,877 $2,405 $10,472
2023 $3,703 $12,877 $2,405 $10,472
2022 $3,703 $10,193 $2,927 $7,266
2021 $3,510 $10,192 $2,927 $7,265
2020 $3,526 $10,192 $2,927 $7,265
2019 $3,122 $8,109 $2,300 $5,809
2018 $2,445 $6,494 $2,300 $4,194
2017 $2,938 $8,109 $2,300 $5,809
2016 $2,731 $7,015 $1,881 $5,134
2015 $2,507 $6,584 $1,881 $4,703
2014 $1,633 $4,444 $1,881 $2,563
2013 $1,707 $5,014 $1,881 $3,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: My State MLS

MLS Number: 11351712

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