10542 Crown Road Franklin Park, IL 60131
- Added:
- May 26, 2025
- Days on Market:
- 315
- Last Refresh:
- Apr 5 at 8:06 am
Property Features for 10542 Crown Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 10
- Rooms
- Bathroom 8, Bedroom 10, Bedroom 7, Bathroom 10, Bedroom 8, Bathroom 1, Basement, Bathroom 6, Bathroom 7, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 9, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 9, Bedroom 3, Bedroom 1
- Basement
- Partially Finished
- Standard status
- Active Under Contract
- APN
- 12292140030000
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 20063
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 10
- Building materials
- Brick
- Roof type
- Membrane
Listing agent Edward Hall License #471008452 (630) 853-2370
Listing office Baird & Warner 836 West 75th Street, Naperville, IL (630) 778-1855
Listing date May 26, 2025
MLS# 12375238
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.
Overview
Franklin Park Multifamily Investment Opportunity
This is an opportunity to own two side-by-side, ten-unit, all-brick apartment buildings connected by a courtyard. Each building features identical one-bedroom, one-bath apartments with California balconies. The buildings each have full basements, offering potential for storage lockers. Recent major improvements completed in 2024 include new asphalt parking lots with ten spaces per building, new Wolmanized wood balconies and railings on the second floors, and a new roof on 10548 Crown Road with roof repairs on 10542 Crown Road. In the Fall of 2025, the 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 with two washers and dryers are located in 10542 Crown Road; however, the equipment has not been available to the tenants in 2025 due to improvement construction. The majority of units have been remodeled. All tenants are on month-to-month leases, and tenants pay for electric. The property is located near O'Hare Airport and Interstate 90, providing access to employment hubs, transit, and amenities. 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. The lot size is 0.23 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Franklin Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.888905
- Latitude
- 41.93252
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two ten-unit apartment buildings with recent upgrades and tax benefits.
Where is this apartment building located?
The property is located at 10542 Crown Road Franklin Park, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Significant tax savings with 35% reduction in assessed valuation for 10 years.; Prime investment opportunity: Two 10‑unit all‑brick apartment buildings with strong occupancy.; Recent major improvements: New parking lots, balconies, and 2024 roof work.
