NOT LISTED FOR SALE

5645 Edge Lake Dr Oak Lawn, IL 60453

Oak Lawn Area
10 Beds
5 Baths
-- Sq Ft
1976 Built

Sale Details

Date Sold: March 7, 2025

Last sale price $717,000

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

KOMAR

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

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
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • 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
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • 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

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

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
Feb 5, 2025
Closed on
Mar 5, 2025
Sold by
Bought by
Seller's Agent
Matthew Liss
Mark Allen Realty ERA Powered
Buyer's Agent
Oleg Baliuk
KOMAR
List Price
$649,000
Sold Price
$717,000
Premium/Discount to List
$68,000
10.48%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,750
Interest Rate
0.065%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 4, 2023
Sold by
Bought by
Seller's Agent
Calvin Denison
Home365
Buyer's Agent
Amanda Edwards
Mark Allen Realty ERA Powered
List Price
$605,000
Sold Price
$565,000
Premium/Discount to List
-$40,000
-6.61%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.60%
Original Mortgage
$423,750
Interest Rate
0.059%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 30, 2021
Sold by
Bought by
Seller's Agent
Ausra Padalino
First Rate Real Estate
Buyer's Agent
Donald Holland
Chicagoland Brokers, Inc
List Price
$479,000
Sold Price
$475,000
Premium/Discount to List
-$4,000
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$380,000
Interest Rate
0.03%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$717,000 Chicago Title
$590,000 None Listed On Document
$475,000 Chicago 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
Open $537,750
Previous Owner $423,750
Previous Owner $380,000
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
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% -- View Prior Sale
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% -- View Prior Sale
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

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 $15,205 $52,000 $5,128 $46,872
2024 $15,205 $52,000 $5,128 $46,872
2023 $12,416 $52,000 $5,128 $46,872
2022 $12,416 $34,203 $4,435 $29,768
2021 $11,998 $34,202 $4,435 $29,767
2020 $11,950 $34,202 $4,435 $29,767
2019 $10,585 $28,789 $4,019 $24,770
2018 $10,091 $28,789 $4,019 $24,770
2017 $10,215 $28,789 $4,019 $24,770
2016 $9,475 $24,956 $3,326 $21,630
2015 $9,337 $24,956 $3,326 $21,630
2014 $10,021 $27,182 $3,326 $23,856
2013 $7,479 $22,309 $3,326 $18,983
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)
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