$1,520,000
$2M PRICE DROP

4337 Prescott Ave Lyons, IL 60534

Estimated payment $11,244/month

Total Views 30,586
-- Bed
12 Baths
13,005 Sq Ft
$117 Price per Sq Ft

Highlights

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

About This Home

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

Listing Agent

Randolph Taylor

eXp Commercial Listed on: 10/09/2024

eXp Commercial

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

  • 0.31 Acre Lot
  • Property is near a 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

Listing Details

  • BuildingCommunityLaundry: Yes
  • BuildingCommunitySecurity: Yes
  • FloorLaminate: Yes
  • FloorTile: Yes
  • HeatFuelNaturalGas: Yes
  • HeatTypeBaseboard: Yes
  • HeatTypeHotWater: Yes
  • InteriorAlarm: Yes
  • InteriorAmps: 0
  • IsNaturalGasAvailable: Yes
  • LastPriceValue: 3.1E6
  • Lot Size Acres: 0.31
  • NearBus: Yes
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Lyons
  • Prop. Type: Multi-Unit (5+)
  • PropertyZipCode: 60534
  • PropertyZoneType: 600
  • 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
  • Number of Rooms: 0
  • AboveArea Sq Ft: 13005

Exterior Features

  • Construction Type: Frame

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Sewer Type: Municipal
  • Utilities: 1

Condo/Co-op/Association

  • 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

Map

Range of Values:

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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 Change Sq Ft Price
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 0.0% $117 / Sq Ft
11/08/2024 11/08/24 For Sale $1,520,000 -51.0% --
10/09/2024 10/09/24 For Sale $3,100,000 -- $238 / Sq Ft
Source: My State MLS

Similar Home in Lyons, IL

  • 4337 Prescott Ave, Lyons, IL 60534

    $1,520,000

    • 20 Beds
    • 12 Baths
    • 4337 Prescott Ave
    • Lyons, IL

    We are pleased to present this exclusive 12-unit property as part of a 24-unit multifamily portfolio in Lyons, Illinois. The portfolio includes 4337 Prescott Avenue and 7821 43rd Street, located blocks apart, providing streamlined management and operational efficiency. Each property consists of 12 units, offering a mix of four one-bedroom/ one-bathroom units and eight two-bedroom/one-bathroom

    DS Property Expe Dave & Shelly eXp Realty

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Source: My State MLS

MLS Number: 11351712

Illinois Cook County Lyons 60534

4337 Prescott Ave, Lyons, IL

This home is located at 4337 Prescott Ave, Lyons, IL 60534 and is currently priced at $1,520,000, approximately $116 per square foot. This property was built in 1966. 4337 Prescott Ave is a home located in Cook County with nearby schools including J W Robinson Jr Elementary School, George Washington Middle School, and J Sterling Morton West High School.

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Randolph Taylor
Listing Agent
Randolph Taylor
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eXp Commercial
(630) 474-6441