NOT LISTED FOR SALE

5641 Edge Lake Dr Oak Lawn, IL 60453

Oak Lawn Area
9 Beds
5 Baths
-- Sq Ft
1972 Built

Sale Details

Date Sold: August 18, 2022

Last sale price $560,000

3 Days on Market

Highlights

  • Waterfront
  • Creek On Lot
  • Community Pool
  • Community Lake
  • Corner Lot
  • Lower Floor Utility Room

About This Home

As of August 2022

Great opportunity to own this income producing 4 unit building in the Lake Louise Complex. Corner building with views overlooking Stoney Creek. All units have been updated and are currently being rented (except for owners unit). Each unit features updated kitchen and bathroom with spacious floor plans. 6 Assigned parking spots and storage lockers located in the basement. HOA handles lawn maintenance, snow removal, and trash removal for $179 a month. Property is not located in a flood zone! Short walk to Memorial Park which offers basketball courts, tennis courts and a fishing pond.

Last Agent to Sell the Property

Anthony Tsakonas

Real People Realty License #475160527 Listed on: 07/07/2022

Real People Realty

Last Buyer's Agent

Oleg Baliuk

KOMAR License #475197921

KOMAR
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,793

Year Built

  • Built in 1972 | Remodeled in 2020

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Lower Floor Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Creek On Lot

Lot Details

  • Waterfront
  • Corner Lot

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • Community Lake

Recreation

  • Community Pool

Building Details

  • Gross Income $66,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,793

Year Built

Built in 1972 | Remodeled in 2020

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Other Equipment: Security System
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Walk-In Closet

Exterior Features

  • Lot Features: Corner Lot, Creek, Sidewalks, Waterfront
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Heating: Natural Gas, Baseboard, Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Pool, Lake

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6053
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • GrossIncome: 66300
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12793.38
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 19, 2022
Sold by
Bought by
Seller's Agent
Anthony Tsakonas
Real People Realty
Buyer's Agent
Oleg Baliuk
KOMAR
List Price
$579,999
Sold Price
$560,000
Premium/Discount to List
-$19,999
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 9, 2022
Sold by
Bought by
Seller's Agent
Anthony Tsakonas
Real People Realty
Buyer's Agent
Oleg Baliuk
KOMAR
List Price
$579,999
Sold Price
$560,000
Premium/Discount to List
-$19,999
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2017
Sold by
Bought by

Purchase Details

Listed on
Apr 3, 2016
Closed on
Jun 8, 2016
Sold by
Bought by
Seller's Agent
Christine Eul
HomeSmart Realty Group
Buyer's Agent
Anthony Tsakonas
Real People Realty
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 2, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Oak Lawn, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$560,000 None Listed On Document
-- Fidelity National Title
-- None Available
$340,000 Fidelity National Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $420,000
Previous Owner $237,000
Previous Owner $255,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2022 08/18/22 Sold $560,000 -3.4% --
07/11/2022 07/11/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $579,999 +70.6% --
07/08/2016 07/08/16 Sold $340,000 -2.8% -- View Prior Sale
04/09/2016 04/09/16 Pending -- -- --
04/03/2016 04/03/16 For Sale $349,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,238 $48,781 $5,599 $43,182
2024 $15,238 $48,781 $5,599 $43,182
2023 $13,292 $52,113 $5,599 $46,514
2022 $13,292 $36,618 $4,842 $31,776
2021 $12,845 $36,617 $4,842 $31,775
2020 $12,793 $36,617 $4,842 $31,775
2019 $10,092 $27,448 $4,388 $23,060
2018 $11,866 $33,851 $4,388 $29,463
2017 $12,011 $33,851 $4,388 $29,463
2016 $8,796 $27,448 $3,631 $23,817
2015 $10,270 $27,448 $3,631 $23,817
2014 $5,931 $27,448 $3,631 $23,817
2013 $5,522 $27,315 $3,631 $23,684
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11456460

Midwest Real Estate Data (MRED)
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