$717,000
SOLD MAR 7, 2025

5645 Edge Lake Dr Oak Lawn, IL 60453

10 Beds
5 Baths
-- Sq Ft
1976 Built

Recently Sold

10% Above List Price

5 Days on Market

About This Home

As of March 2025

An exceptional opportunity to own a fully occupied, meticulously maintained 4-unit building plus a 5th non-conforming basement unit. This property boasts significant recent renovations, ensuring modern comfort and long-term value. Updates include newer flooring throughout all units, video security cameras, newer patio doors, a re-sealed roof, newer siding, and fresh exterior paint trim. The building is fully occupied with a strong rent roll, making it an excellent income-generating asset. Additional features include heated floors in the basement, an owned coin-operated laundry, tenant storage lockers, and six (6) dedicated parking spaces. Don't miss this solid investment in a well-maintained, high-performing property!

Last Agent to Sell the Property

Matthew Liss

Mark Allen Realty ERA Powered License #471011805 Listed on: 02/05/2025

Co-Listed By

Blaze Bilic

Mark Allen Realty ERA Powered License #471005753

Last Buyer's Agent

Oleg Baliuk

KOMAR License #475197921

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,205

Year Built

  • Built in 1976 | Remodeled in 2021

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 5 Bathrooms

Parking

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 61x102
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • Lake Louise Subdivision

Building Details

  • Gross Income $83,700
  • Net Operating Income $53,096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,205

Year Built

Built in 1976 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Subdivision Name: Lake Louise
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Flood Zone
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 5
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 5

Exterior Features

  • List Price: 649000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 127

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 61X102
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 53096
  • GrossIncome: 83700
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 15204.55
  • Tax Year: 2023
  • Tax Exemptions: None

Similar Home in the area

  • 10301 Mcvicker Ave, Chicago Ridge, IL 60415

    $700,000

    • 9 Beds
    • 7 Baths
    • 10301 Mcvicker Ave
    • Chicago Ridge, IL

    Updated and Meticulously Maintained 3-flat building in Chicago Ridge which is close to parks, shopping centers, and major expressways. The building also has a 4th unit (non-conforming) studio apartment which has 1 bedroom, 1 bathroom, and a kitchen. The building has 3 units currently occupied with all long-term tenants. There is a 2-car garage that is heated and there is ample parking space

    Adam Stafiera At Home Realty Group, Inc.

    Section Image

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
03/07/2025 03/07/25 Sold $717,000 +10.5% --
02/10/2025 02/10/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $649,000 +14.9% --
01/05/2023 01/05/23 Sold $565,000 -6.6% --
11/30/2022 11/30/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $605,000 +27.4% --
03/31/2021 03/31/21 Sold $475,000 -0.8% --
02/13/2021 02/13/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $479,000 0.0% --
06/23/2017 06/23/17 Rented $1,200 0.0% --
06/16/2017 06/16/17 For Rent $1,200 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12282439

Midwest Real Estate Data (MRED)