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4014 W 103rd Street, Oak Lawn, IL 60453
$931,500 Contingent
4014 W 103rd Street, Oak Lawn, IL 60453View this property at 4014 W 103rd Street, Oak Lawn, IL 60453
4014 W 103rd StreetOak LawnIL60453
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Property Description
Seize the opportunity to acquire a stunning nine-unit, all-brick apartment building nestled in the esteemed suburb of Oak Lawn.Comprising one studio apartment and eight one-bedroom units, this property boasts fully owned Washer and Dryer facilities, providing an additional income stream. With rents currently below market rates, this presents an ideal prospect for a value-added acquisition.Rents can be substantially raised with modernizing units or explore the potential of transforming these units into lucrative Airbnb accommodations, offering an additional avenue to maximize income and capitalize on the thriving short-term rental market. The boiler, installed within the last five years, ensures efficient heating. Furthermore, consider the option to combine this property with the available 16-unit offering at 4525 W 95th MLS #: 11946462 maximizing potential with agency debt and plottage benefits. Broker owned.
Full Property Details
Full Property Details for 4014 W 103rd St
General
- Price: $931,500
- Taxes: $15,084 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11944298
- Updated: 2/9/2024
- Added to Site: 129 day(s) ago
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Oak Lawn
- County: Cook
- Township: Worth
- Driving Directions: Pulaski Road to 103rd West to Building
Heating & Cooling
- Heating Type: Gas, Hot Water
Utilities
- Trash: 636
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1964
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 9
- Units w/Range/Oven: 9
- # Dryers: 1
Lot Features
- Lot Dimensions: 101 x 81
- Frontage: Public Road
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,648
- Operating Expenses: $33,094
- Assessment Year: 1964
- Tax Amount: $15,084
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 600
- Pays Trash: 636
Disclosures and Reports
- Property ID: 24104190470000
Listed by Concentric Realty, Inc
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Schools
Schools serving 4014 W 103rd St
School Districts:Oak Lawn-Hometown School District 123, Community High School District 218
Rating | Name | Grades | Distance |
---|---|---|---|
10425 S Kolmar Ave, Oak Lawn, IL 60453 | PK-5 | 0.6 mi | |
9800 S Tripp Ave, Oak Lawn, IL 60453 | PK-5 | 0.7 mi | |
9830 Brandt Ave, Oak Lawn, IL 60453 | PK-5 | 1.3 mi | |
5345 W 99th St, Oak Lawn, IL 60453 | 6-8 | 1.7 mi | |
10601 Central Ave, Oak Lawn, IL 60453 | 9-12 | 1.9 mi | |
8870 S Duffy Ave, Hometown, IL 60456 | PK-5 | 1.8 mi | |
9130 S 52nd Ave, Oak Lawn, IL 60453 | PK-5 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4014 W 103rd St
Date
Details
Price
Change
Source
3/17/2024
Sold
$818,000
-12.18%
Public Record
12/22/2023
Listed
$931,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4014 W 103rd St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$15,084
3%
$38,262
—
2021
$14,679
1%
$38,262
—
2020
$14,535
-13%
$38,262
-12%
2019
$16,761
4%
$43,718
—
2018
$16,135
16%
$43,718
18%
2017
$13,889
—
$37,165
5%
2016
$13,845
1%
$35,396
—
2015
$13,642
1%
$35,396
—
2014
$13,446
27%
$35,396
15%
2013
$10,577
3%
$30,844
—
2012
$10,296
—
$30,844
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4014 W 103rd St
4014 W 103rd Street, Oak Lawn, IL 60453 (MLS# 11944298) is a Commercial property. 4014 W 103rd Street is currently listed for $931,500 and was received on December 22, 2023. Want to learn more about 4014 W 103rd Street? Do you have questions about finding other Commercial real estate for sale in Oak Lawn? You can browse all Oak Lawn real estate or contact a Coldwell Banker agent to request more information.