BEDS8
BATHS5 full
MLS#12730083
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 218
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Rec/Family Area, Storage Space, Full
Basement: Yes
Heating: Natural Gas, Steam, Baseboard
Lot Size: 0.22 Acres
Taxes: $15,778
Year Built: 1971
Feature Descriptions
Additional rooms: Enclosed Balcony, Exercise Room, Recreation Room, Utility Room-Lower Level
Exterior: Brick
Lot: Corner Lot
Lot Dimensions: 9769
Other Equipment: CO Detectors, Ceiling Fan(s)
Parcel#: 24073000020000
Parking: Unassigned, Additional Parking, Parking Lot, Yes, Owned
Sewer: Public Sewer
Total Rooms: 16
Township: Worth
Water: Lake Michigan
Local Schools
High School: H L Richards High School (Campus
School District: District 218
Listed By / Shown By
Listed By
Agency Name: Village Realty, Inc.
Agency Phone: 708-478-1212
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 5,140.33 per month $3,635.92 Principal & Interest $1,314.83 Property Tax $189.58 Homeowner's Insurance
7139 99th Street | MLS# 12730083
This multi-family property located at 7139 99th Street, Chicago Ridge, IL 60415 is currently listed for sale with an asking price of $650,000. 99th Street is located within the District 218 school district. Search Chicago Ridge real estate on www.ikeyrealty.com today.