Cook, US
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!
Courtesy Of: Baird & Warner
Feature Highlights
- Additional Parcels
- Built Before 1978
General Features
- List Date:
- 05/26/2025
Exterior Features and Amenities
- Lot Size Dimensions:
- 132 X 153
Financial
- Purchase Contract Date:
- 2025-10-03
- Days On Market:
- 217
- Tax Annual Amount:
- $20,063.00
- Tax Year:
- 2023
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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 last updated: 2026-03-07.
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