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10542 Crown Road Franklin Park, IL 60131

$1,100,000
Contingent / MLS# 12375238 / Multi Unit - Multiple / Franklin Park
0 Beds

Prime Investment Opportunity in Franklin Park! An exceptional chance to own two side-by-side 10-unit all-brick apartment buildings, connected by a charming courtyard. Each Building has California Balconies. The buildings features identical 1-bedroom, 1-bath apartments. Each building has a full basements, providing additional value and potential to create Storage lockers! Recent Major Improvements (Completed in 2024):New asphalt parking lots (10 spaces per building) New Wolmanized wood balconies & railings on 2nd floors. New roof on 10548 Crown & roof repairs on 10542 Crown. In the Fall of 2025, Sellers have contracted to update the Corner staircases and landings and upon completion, all Masonry repairs to the front and rear brick shall be completed as well!. Laundry facilities (2 washers & dryers are located in 10542 Crown) however, the equipment has not been available to the tenants in 2025 due to Improvement construction. Majority of units remodeled. No Vacancies, all tenants are on month-to-month leases, and tenants pay electric. Significant Tax Savings! Both buildings have been approved under the Cook County Affordable Housing Special Assessment Program, resulting in a 35% reduction in assessed valuation for 10 years (renewable if compliance continues). This program benefits both owners and tenants by promoting affordable housing while reducing tax burdens. Unbeatable Location! Conveniently located near O'Hare Airport & Interstate 90, offering easy access to major employment hubs, transit, and amenities. Don't miss out on this **turnkey investment with strong occupancy, recent upgrades, and long-term tax advantages! Contact us today for more details!

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 4,437.19 per month $2,444.44 Principal & Interest $1,671.92 Property Tax $320.83 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Lot Size: 0.23 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $20,063
Year Built: 1975

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers, Separate Meters
Exterior: Brick
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Gas, Baseboard
Location: Mixed Use Area
Lot Dimensions: 132 X 153
Parcel#: 12292140030000
Parking: 6-12 Spaces
Potential Use: Multi-Family
Tenant Pays: Electricity
Units: 10

Location

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