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In-PersonVirtual Tour
$ 825,555
Est. payment /mo
Open Sun 1PM-2:30PM
5633 Edge Lake DR Oak Lawn, IL 60453
10 Beds
5 Baths
8,712 Sqft Lot
Open House
Sun Oct 11, 1:00pm - 2:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12780659
Bedrooms 10
Year Built 1972
Annual Tax Amount $15,789
Tax Year 2023
Lot Size 8,712 Sqft
Lot Dimensions 130x70
Property Sub-Type Two to Four Units
Property Description
An exceptional opportunity to own a 4-unit multifamily property in a desirable Oak Lawn location with immediate income potential, house-hacking flexibility, and room to think bigger about the future. The unit mix includes three spacious 2-bedroom, 1-bath apartments plus an expansive owner's duplex-down featuring 4 bedrooms, 2 bathrooms, and a finished lower level with in-law space built out. For an owner-occupant, this creates a rare chance to enjoy substantial living space while income from the additional three units helps support the cost of ownership. For an investor, it offers multiple income streams in a strong suburban location just outside the city. Three of the four units have been recently rehabbed, giving the next owner a more turnkey asset with updated interiors and less immediate work to take on. The property also offers excellent parking and outdoor functionality, including four exterior parking spaces plus a 2.5-car garage, creating added convenience and value for both owners and tenants. Coin-operated laundry and dedicated tenant storage provide even more functionality and potential income. One of the most unique features of this opportunity is that the property already has a ready-built HOA structure in place to help maintain the shared exterior components of the property, creating a framework for organized ownership and long-term upkeep. For the buyer thinking beyond one building, this property offers an exciting starting point. Begin with these four units and potentially build toward ownership of an entire complex over time. It's the kind of asset that can serve as both a home and a foundation for a larger real estate portfolio. Ideally located near Stony Creek Golf Course, shopping, dining, everyday conveniences, and major transportation routes, the property delivers suburban space and accessibility while keeping Chicago within easy reach. Properties like this are exclusive and rarely available. Schedule your appointment today.
Location
State IL
County Cook
Area Oak Lawn
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 127 , 127, 218
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Melanie Miller of Keller Williams ONEChicago
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