5316 Otto Place Oak Lawn, IL 60453
Estimated payment $2,652/month
Total Views
62,382
6
Beds
2.5
Baths
2,592
Sq Ft
$183
Price per Sq Ft
Highlights
- Hot Property
- Raised Ranch Architecture
- Laundry Room
- Hometown Elementary School Rated 9+
- Living Room
- Fireplace in Basement
About This Home
Beautifully Updated Raised Ranch in the Heart of Oak Lawn! This light-brick raised ranch has been completely updated, offering the feel of brand-new construction. Enjoy peace of mind with all new windows, mechanicals, and modern finishes throughout.Main Level: 3 bedrooms and 1.5 baths, a stunning new kitchen with white shaker cabinets, granite counters, and stainless steel appliances, plus bright and spacious living areas.Lower Level: Fully finished with 3 additional bedrooms, a full bath, wet bar with beverage refrigerator, large family room-perfect for extended living, guests, or a home office. With a total of 6 bedrooms and 2.5 baths, this home is a rare find. Every detail has been updated with style and quality, making it truly move-in ready. Large yard, side drive and oversized 2.5 car garage. A perfect "10"!!!
Open House Schedule
-
Saturday, October 04, 20253:00 to 5:00 pm10/4/2025 3:00:00 PM +00:0010/4/2025 5:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,486
Year Built
- Built in 1971 | Remodeled in 2025
Lot Details
- Lot Dimensions are 50x 124
Parking
- 2.5 Car Garage
- Driveway
- Parking Included in Price
Home Design
- Raised Ranch Architecture
- Ranch Style House
- Brick Exterior Construction
Interior Spaces
- 2,592 Sq Ft Home
- Electric Fireplace
- Family Room
- Living Room
- Dining Room
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Finished Basement Bathroom
Schools
- Oak Lawn Comm High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- Raised Ranch
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
- Senior Freeze Tax Exemptions
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,486 | $27,000 | $4,340 | $22,660 |
| 2023 | $1,899 | $27,000 | $4,340 | $22,660 |
| 2022 | $1,899 | $18,700 | $3,720 | $14,980 |
| 2021 | $1,808 | $18,699 | $3,720 | $14,979 |
| 2020 | $1,651 | $18,699 | $3,720 | $14,979 |
| 2019 | $1,823 | $20,104 | $3,410 | $16,694 |
| 2018 | $1,757 | $20,104 | $3,410 | $16,694 |
| 2017 | $1,729 | $20,104 | $3,410 | $16,694 |
| 2016 | $2,699 | $16,820 | $2,790 | $14,030 |
| 2015 | $2,805 | $16,820 | $2,790 | $14,030 |
| 2014 | $2,715 | $16,820 | $2,790 | $14,030 |
| 2013 | $2,497 | $19,907 | $2,790 | $17,117 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/26/2025 09/26/25 | For Sale | $474,900 | +82.7% | $183 / Sq Ft | |
| 04/25/2025 04/25/25 | Sold | $260,000 | -13.3% | $201 / Sq Ft | View Prior Sale |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- | |
| 03/28/2025 03/28/25 | For Sale | $299,900 | -- | $231 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $260,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Citywide Title Corporation | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $156,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $103,829 | New Conventional | |
| Previous Owner | $90,000 | No Value Available |
Source: Public Records
About the Listing Agent
I'm an expert real estate agent with RE/MAX 10 in Oak Lawn, IL and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
Margaret's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12481868
APN: 24-04-111-060-0000
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