5633 Edge Lake Drive, Oak Lawn, IL 60453
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
5633 Edge Lake Drive,Oak Lawn, IL 60453
$825,555
- 10 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: melanie miller, eunique gill
Office: keller williams onechicago
MLS#:12780659
Source:MLSNI
Price summary
- Price:$825,555
About this home
An exceptional opportunity to own a 4-unit multifamily property in a desirable Oak Lawn location with immediate income potential, house-hacking flexibility, and room to think bigger about the future. The unit mix includes three spacious 2-bedroom, 1-bath apartments plus an expansive owner's duplex-down featuring 4 bedrooms, 2 bathrooms, and a finished lower level with in-law space built out. For an owner-occupant, this creates a rare chance to enjoy substantial living space while income from the additional three units helps support the cost of ownership. For an investor, it offers multiple income streams in a strong suburban location just outside the city. Three of the four units have been recently rehabbed, giving the next owner a more turnkey asset with updated interiors and less immediate work to take on. The property also offers excellent parking and outdoor functionality, including four exterior parking spaces plus a 2.5-car garage, creating added convenience and value for both owners and tenants. Coin-operated laundry and dedicated tenant storage provide even more functionality and potential income. One of the most unique features of this opportunity is that the property already has a ready-built HOA structure in place to help maintain the shared exterior components of the property, creating a framework for organized ownership and long-term upkeep. For the buyer thinking beyond one building, this property offers an exciting starting point. Begin with these four units and potentially build toward ownership of an entire complex over time. It's the kind of asset that can serve as both a home and a foundation for a larger real estate portfolio. Ideally located near Stony Creek Golf Course, shopping, dining, everyday conveniences, and major transportation routes, the property delivers suburban space and accessibility while keeping Chicago within easy reach. Properties like this are exclusive and rarely available. Schedule your appointment today....
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Home facts
- Year built:1972
- Listing ID #:12780659
- Updated:October 30, 2026 at 12:11 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:24
- Basement Description:Finished, Full
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1972
- Lot area:0.2 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$825,555
- Tax amount:$15,789 (2023)
Parking
- Total parking spaces:6
- Parking description:Assigned, Attached Garage, Garage
- Garage:Yes
- Garage spaces:2
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