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10548 Crown Rd Franklin Park, IL 60131

Under Contract
For Sale
$999,000

Commercial Sale - Franklin Park, IL

Lot size:
0.23 Acres
Days on Market:
70
Last Refresh:
Dec 14 at 3:06 am

Property Features for 10548 Crown Rd

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Zoning
MULTI
APN
12292140020000
Lot size
0.23 Acres

Building Details

Year built
1975
Number of units
10
Roof type
Membrane
Architectural style
Other

Baird & Warner (630) 853-2370 [email protected]

Listing agent Edward Hall (630) 778-1855 License #471008452

Listing date Oct 6, 2025

MLS# 12375219 Listing URL

Copyright © 2025 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, all-brick 10-unit apartment buildings connected by a courtyard. Each building features identical one-bedroom, one-bath apartments and a full basement, offering potential for storage lockers. Recent improvements completed in 2024 include new asphalt parking lots with 10 spaces per building, new Wolmanized wood balconies and railings on the second floors, and a new roof on one building with roof repairs on the other. The sellers have contracted to update the corner staircases and landings in the Fall of 2025, with masonry repairs to the front and rear brick to be completed upon their completion. Laundry facilities with two washers and dryers are located in one of the buildings; however, the equipment has been unavailable to tenants in 2025 due to improvement construction. The majority of units have been remodeled. All tenants are on month-to-month leases and pay for their own electric. 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 property is located near O'Hare Airport and Interstate 90, offering access to employment hubs, transit, and amenities. The lot size is 0.23 acres.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Franklin Park
County
Cook
State
Illinois
Longitude
-87.8891207
Latitude
41.9325296

FAQs

What type of property is this?
Apartment building - Two ten-unit apartment buildings with recent upgrades and tax advantages.
Where is this apartment building located?
The property is located at 10548 Crown Rd Franklin Park, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - Significant tax savings: Enjoy a 35% reduction in assessed valuation for 10 years through the Cook County Affordable Housing Special Assessment Program.; - Prime investment opportunity: Two side-by-side 10-unit all-brick apartment buildings with no vacancies.; - Recent major improvements: New parking lots, balconies, railings, and roof work completed in 2024, with staircase/masonry repairs contracted for 2025.
More about this property
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