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Listed by Jihan Naserof Village Realty, Inc.
$ 650,000
Est. payment /mo
Active Under Contract
7139 99th ST Chicago Ridge, IL 60415
8 Beds
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12730083
Bedrooms 8
Year Built 1971
Annual Tax Amount $15,778
Tax Year 2023
Lot Size 9,583 Sqft
Lot Dimensions 9769
Property Sub-Type Two to Four Units
Property Description
MULTIPLE OFFERS RECEIVED. SELLERS HAVE REQUESTED A HIGHEST AND BEST DEADLINE OF SATURDAY 5PM. 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!
Location
State IL
County Cook
Rooms
Basement Unfinished, Rec/Family Area, Storage Space, Full
Interior
Heating Natural Gas, Steam, Baseboard
Fireplace N
Exterior
View Y/N true
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
High Schools H L Richards High School (Campus
School District 127.5, 127.5, 218
Others
Ownership Fee Simple
Special Listing Condition Standard
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