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Image 1 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 2 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 3 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 4 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 5 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 6 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 7 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Image 8 - South Kolmar Avenue, Oak Lawn, IL 60453, USA - House for sale
Home For Sale In Oak Lawn, Illinois
South Kolmar Avenue, Oak Lawn, IL 60453, USA

Home For Sale In Oak Lawn, Illinois

house for sale
Listed: 02/11/24

South Kolmar Avenue, Oak Lawn, IL 60453, USA

Studio Bed:
1 Bath:
Save
Price
$ 1,49M

About This House

Seize the chance to own a prestigious all-brick 16-unit building in Oak lawn, featuring 16 spacious studios and boasting significant upgrades. Recent enhancements include a newer driveway, updated 220 Amp electrical system, hot water tanks replaced in 2017, and a modern boiler. This property presents a compelling value-add opportunity with rents currently below market rates. Leveraging its prime location, consider marketing units on Airbnb for additional income. Unlock even greater potential by acquiring both the nine-unit MLS #11944298and this 16-unit buildings together. Utilize agency debt to enhance interest in cash flow and amplify the overall profitability of this strategic investment. Don't miss out on this unique opportunity to own and optimize these prime properties in Oak lawn. Broker Owned

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Oak Lawn Housing & Living

Average sale prices for houses

3 bed
Show as List Show as Graph
In April 2024, the asking price for 3 bed houses for sale in/near Oak Lawn, United States averaged $329,034, staying on the same level compared to the previous month.
Median price trends for properties for sale in Oak Lawn, United States as of April 2024.

Household Income

Median household income: $61,398
Number of households: 21,472
The average household income in Oak Lawn, IL grew from $58,707 to $61,398 in the past year. This data is an estimate based upon 21,472 households in Oak Lawn, IL.
The chart below presents how household income is distributed in Oak Lawn, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Oak Lawn, IL compared to median property taxes around the country. The prevalent amount of property taxes in Oak Lawn, IL equals $3k+ , which is more than the national average.