$650,000

Multi Family In Chicago Ridge

  • 8 Beds
  • 5 Baths
  • 9,584 Sqft lot
  • Updated: Today
  • Source:
    Midwest Real Estate Data (MRED)  MLS#12730083

About the Property

RARE TURNKEY 4-FLAT INVESTMENT OPPORTUNITY IN CHICAGO RIDGE! Incredible turn-key multi-family property offered at $650,000, presenting a high-yielding opportunity for investors or owner-occupants. All units in this property will be delivered VACANT at closing, providing a rare, clean-slate advantage to immediately lease all four units at current top-of-market rents. This building offers strong, pr
RARE TURNKEY 4-FLAT INVESTMENT OPPORTUNITY IN CHICAGO RIDGE! Incredible turn-key multi-family property offered at $650,000, presenting a high-yielding opportunity for investors or owner-occupants. All units in this property will be delivered VACANT at closing, providing a rare, clean-slate advantage to immediately lease all four units at current top-of-market rents. This building offers strong, predictable cash flow in a low-vacancy Southwest Cook County submarket. Unmatched Value-Add & Space Potential: Beyond the standard 4-unit setup, the property features a spacious, full ~2,000 sq. ft. basement complete with a laundry room, an existing, functional bathroom, and dedicated tenant storage units. Immediate Income Boost: Monetize the storage lockers or install coin/app-operated laundry to unlock secondary revenue. Amenity Conversion: Transform the open floor plan into a tenant fitness center, private storage hub, or lounge space to command top-tier rental premiums across all units. Expansion Upside: Explore the potential for a 5th unit / Accessory Dwelling Unit (ADU) conversion (buyer to verify local zoning and municipal requirements). Exceptionally maintained, low hassle, and strong market positioning. Centrally located near local schools, Chicago Ridge Mall, major retail corridors, and Metra/highway access. Properties of this size and vacancy status rarely come to market at this price point!
  • Property type

    Other

  • Year built

    1971

Features

Explore the Area

7139 99th Street, Chicago Ridge, Illinois, United States View on Google Maps
Price per sqft
Low
High

View 2 more listings in Chicago Ridge

Village Realty, Inc. - Frankfort

Joined 9 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Village Realty, Inc. - Frankfort
Illinois, United States
View agency profile
25
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Village Realty, Inc. - Frankfort
Frankfort, Illinois, United States
View agency profile
Last updated
Today
First listed
Aug 12
Listing reference
12730083
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 12730083, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with