5633 Edge Lake Drive
Oak Lawn, IL, 60453
$825,555
10 Beds
5 Baths
0 SqFt
0.2 Acres
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MLS #MRD12780659 image #0
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.

Property Details

Price:
$825,555
MLS #:
MRD12780659
Status:
Active
Beds:
10
Baths:
5
Type:
Multi Family
Neighborhood:
oaklawn
Listed Date:
Oct 8, 2026
Year Built:
1972
Oak LawnOaklawn

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Schools

School District:
218

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Garage Spaces
2
Other Structures
Garage Faces Rear
Parking Features
Garage Door Opener, Yes, Garage Owned, Attached, Assigned, Garage Faces Rear, Garage
Parking Spots
6
Parking Total
6

Financial

Tax Year
2023
Taxes
$15,789

Map

Community

Market Summary

Current real estate data for Multi Family in Oak Lawn as of Oct 13, 2026
6
Multi Family Listed
91
Avg DOM
$583,659
Avg List Price

Property Summary

    5633 Edge Lake Drive Oak Lawn IL is a Multi Family for sale in Oak Lawn, IL, 60453. It is listed for $825,555

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