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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

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    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.
    (630) 778-1855
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    10548 Crown Rd Franklin Park, IL 60131
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    Franklin Park, IL 60131
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    Realmo Value Estimation

    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.

    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.

    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
    10548 Crown Rd Franklin Park, IL 60131
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