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5633 Edge Lake Dr , Oak Lawn, IL 60453
$825,555
Est. Payment: $4,505.39/mo
10 Bed
5 Bath
0.2 Acres
Status: active | Days on site: 7
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House Description

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.

Highlights

Listed by Melanie Miller , 312-813-5746 and Eunique Gill , (773) 273-9348 Keller Williams ONEChicago , 312-216-2422. Midwest Real Estate Data mls logo

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1972

County

Cook

Area

Oak Lawn

School District

127

Listing ID

12780659

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:5
Basement:Finished,Full
Water:Public

Exterior Features

Lot Dimensions:130x70
Garage Capacity:6
Sewer:Public Sewer
Parking Features:Garage Door Opener,Yes,Garage Owned,Attached,Assigned,Garage Faces Rear,Garage
Principal Interest
$4,505
Taxes
$1,316

Home Price

$825,555

Loan Details

30 yrs
7.25%

Down Payment

20%
$165,111
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,505.39

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,505.39 $1,315.75 $0.00 $5,821.14
Yearly $54,064.71 $15,789.00 $0.00 $69,853.71
Total $1,621,941.23 $473,670.00 $0.00 $2,095,611.23
Lender profile image
Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Oak Lawn, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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