4911 Columbus Drive

Oak Lawn, IL 60453

$1,100,000
Price
16
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime investment opportunity in the sought-after Oak Lawn town! This fully occupied 12-unit building offers a mix of 8 one-bedroom and 4 two-bedroom units, providing steady rental income. Recent updates enhance the appeal and value of the property. Conveniently situated near downtown Oak Lawn, Oak Lawn Hospital, and various shopping centers, tenants enjoy easy access to amenities. Additionally, proximity to highways ensures convenient commuting. With rents currently below market due to long-term...Prime investment opportunity in the sought-after Oak Lawn town! This fully occupied 12-unit building offers a mix of 8 one-bedroom and 4 two-bedroom units, providing steady rental income. Recent updates enhance the appeal and value of the property. Conveniently situated near downtown Oak Lawn, Oak Lawn Hospital, and various shopping centers, tenants enjoy easy access to amenities. Additionally, proximity to highways ensures convenient commuting. With rents currently below market due to long-term tenants, there's potential for increased profitability. Don't let this opportunity pass - schedule your viewing today!
  1. Listed by Maria Castillo • RE/MAX MI CASA

Property Details for 4911 Columbus Drive

Area
Oak Lawn
Township
Worth
Zoning
MULTI
LISTING UPDATED: 11/18/2024 08:56 AM

Property Details for 4911 Columbus Drive

StatusProperty To Close
MLS #12166520
Days on Market66
Taxes$21,853 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1960
Lot Size0.39 AC / 16,877 SF
CountyCook County

Building Information for 4911 Columbus Drive

Stories2Residences12Year Built1960Building Size-Lot Size0.39 AC / 16,877 SF

Property Information for 4911 Columbus Drive

General Information
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Baseboard
  • # Of Refrigerators: 12
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard,Other
  • Lot Dimensions: .25
  • Lot Size Square Feet: 16877.0
  • Stories: 2
  • Construction: Brick
  • Lot Size Source: County Records
  • # Of Ranges: 12
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 3
  • Document Date: 2024-09-25T16:04:59
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $772.00
  • Fuel Expense: $6,464.00
  • Gross Income: $124,152.00
  • Gross Scheduled Income: $124,152.00
  • Insurance Expense: $3,786.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 10346
  • Water Expense Source: Actual
  • Net Operating Income: $80,943.00
  • Operating Expense: $43,209.00
  • Other Expense: $.00
  • Trash Expense: $5,797.00
  • Water Sewer Expense: $4,537.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 4911 Columbus Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4911 Columbus Drive

This home is within Oak Lawn-Hometown School District 123.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Sward Elementary School
PublicPK to 5

Hometown Elementary School
PublicPK to 5

Kolmar Avenue Elementary School
PublicPK to 5

J Covington Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX MI CASA

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/18/2024 08:56 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.