Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10309 Parkside Ave Oak Lawn, IL 60453

    Sponsored
    For Sale
    Under Contract
    $499,900

    MULTI_FAMILY - Oak Lawn, IL

    Lot size:
    0.14 Acres
    Days on Market:
    96
    Last Refresh:
    Jan 31 at 6:06 am

    Property Features for 10309 Parkside Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 5, Basement, Bedroom 6, Bedroom 1, Laundry Room, Bedroom 3, Utility Room, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 1
    Bedrooms
    6
    Bathrooms
    5
    APN
    24172050450000
    Parking
    4
    Parking features
    Owned, Driveway, Garage, Off Street
    Patio and Porch features
    Deck
    Exterior features
    Balcony
    Basement
    Partially Finished, Exterior Entry, Full
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1977
    Building materials
    Brick

    We can help!

    Listing Contact
    Marina Collazo

    Redfin Corporation

    Listing agent Marina Collazo (773) 339-0067

    Listing date Oct 28, 2025

    MLS# 12501803 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Oak Lawn Multi-Family Property

    This multi-family building offers a maintenance-free exterior. Each unit features three bedrooms, including a primary bedroom with a full bath, plus a second full bath, a living room, a dining room, and a kitchen with an eat-in area. The first and second units have been freshly painted. The property includes a new furnace and roof. A partially finished full basement provides a laundry room, a full bath, and storage space. There is also a two-car brick garage with a spacious side drive. Situated near public transportation, parks, shopping, and restaurants, this property presents a potential investment opportunity. The property is being sold AS-IS. The lot size is 0.14 acres and is located in Oak Lawn, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.76064
    Latitude
    41.704689

    Nearby Similar for Sale

    • $660,000

      Residential Income Property in Justice, IL

      Two-unit building with garden in-law suite in Justice, Illinois.
      7549 Banks St, Justice, IL 60458
      View Details
    • $1,200,000
      0.28 Acres

      Bridgeview Mixed-Use Building For Sale

      Well-maintained mixed-use building with commercial and residential units on Harlem.
      7654 S Harlem Ave, Bridgeview, IL 60455
      View Details
    • $625,000
      4,218 SF

      Oak Lawn Medical/Professional Building

      Well-maintained medical/office building in high-demand location near Advocate Christ Hospital.
      5346 W 95Th St, Oak Lawn, IL 60453
      View Details
    • $2,800,000
      2.00 Acres

      Established Banquet Venue For Sale

      Successful wedding and banquet venue in Burbank, Illinois for sale.
      8200 S Cicero Ave, Burbank, IL 60459
      View Details
    • $109,900
      0.47 Acres

      Bridgeview Machine Shop with Assets

      Established machine shop with assets near I-294 and Harlem.
      7500 W 84Th Pl, Bridgeview, IL 60455
      View Details
    • New
      $409,000

      Bridgeview Two-Unit Residential Property

      Well-maintained two-unit property with a full basement in Bridgeview.
      7549 S Roberts Rd, Bridgeview, IL 60455
      View Details
    • $56,900
      0.74 Acres

      Corner Office Condo in Oak Lawn

      Professional office condo with private washroom in Oak Lawn, IL.
      4647 W 103Rd St, Oak Lawn, IL 60453
      View Details
    • $465,000
      0.17 Acres

      Prime Commercial Building, Oak Lawn

      Exceptional opportunity on main street with highway access and low taxes.
      6737 W 95Th St, Oak Lawn, IL 60453
      View Details
    • $499,000

      Luxury Three-Unit Building in Justice

      Meticulously cared-for 3-unit property with high-end finishes and income potential.
      8845 W 75Th St, Justice, IL 60458
      View Details
    • New
      $639,900

      Burbank Triplex with Basement Unit

      Custom triplex in prime Burbank location near amenities and expressway.
      7912 Nordica Ave, Burbank, IL 60459
      View Details
    • $1,425,000
      1.07 Acres

      Industrial Building with Expansion Potential

      Versatile industrial building with expansion and subdivision potential.
      8721 Industrial Dr, Justice, IL 60458
      View Details
    • $220,000

      Land in Oak Lawn, IL

      Land available for sale in Oak Lawn, Illinois.
      9940 Melvina Ave, Oak Lawn, IL 60453
      View Details

    FAQs

    What type of property is this?
    Triplex - Maintenance-free building with three-bedroom units, great investment potential.
    Where is this triplex located?
    The property is located at 10309 Parkside Ave Oak Lawn, IL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Three bedrooms per unit, including a primary bedroom with a full bath.; - Maintenance-free brick building featuring a new furnace and roof.; - Partially finished full basement with laundry room, full bath, and storage.
    (773) 339-0067
    Request Owner's contact information
    10309 Parkside Ave Oak Lawn, IL 60453
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10309 Parkside Ave
    Oak Lawn, IL 60453
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10309 Parkside Ave Oak Lawn, IL 60453
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marina Collazo
    Real Estate License ID: 475116062
    (773) 339-0067
    Learn more
    Google sign-in failed. Please try again or use another login method.