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All-Brick Quadplex with Multiple Units
For Sale
$769,900

5648 Saint James Court Oak Lawn, Oak Lawn, IL 60453

All-brick, two-story four-unit building with recent roof work and fully leased apartments, subject to an HOA assessment.

Days on Market23

Property Features for 5648 Saint James Court Oak Lawn

General Information

Standard status Active
Property subtype Two to Four Units
Occupancy 100%

Additional Details

Multifamily Units 4

Amenities

meeting room

Building Details

Year Built 1972
Stories 2
Construction brick
Tenancy Multi
Listing Agency:
Listed By: Brenda Valdez
Source: Remaxadream
Added: Jul 8 Changed: Jul 23 Last Checked: Jul 30 at 2:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brenda Valdez

Investment Insights

Based on property information with market context.

All-brick, two-story four-unit quadplex located in a quiet residential subdivision of similar properties. The building features a mix of unit configurations, including one duplex unit with six bedrooms, three baths, a summer kitchen, and three entrances, plus two one-bedroom units and one three-bedroom, two-bath unit.

Recent exterior and mechanical improvements include a new (2021) roof, gutters, and downspouts. New (2026) hot water heating furnace and a new (2026) hot water heater are noted. The property also includes a walk-out basement with meeting rooms and a bath for tenant convenience.

All units are currently leased. A monthly association assessment of $195.00 is reported, with the Lake Louise Improvement Assoc, managed by Erickson Realty Management Inc, covering lawn care, waste removal, parking maintenance, and snow removal. Showings are offered to fully pre-approved purchasers only and must be scheduled through the listing agent.

Key Highlights

  • All‑brick, two‑story 4‑flat (model: 4 FLAT) built in 1972 with 4 total units
  • 11 total bedrooms and 8 full baths across the four units (one 2‑level duplex, plus two 1‑bedroom units and one 3‑bedroom unit)
  • Newer exterior updates: 2021 roof, gutters, and downspouts

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Restaurant Dental Office Pharmacy Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 60453, IL

58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - All-brick, two-story four-unit building with recent roof work and fully leased apartments, subject to an HOA assessment.
Where is this quadplex located?
The property is located at 5648 Saint James Court Oak Lawn Oak Lawn, IL.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: All‑brick, two‑story 4‑flat (model: 4 FLAT) built in 1972 with 4 total units; 11 total bedrooms and 8 full baths across the four units (one 2‑level duplex, plus two 1‑bedroom units and one 3‑bedroom unit); Newer exterior updates: 2021 roof, gutters, and downspouts
More about this property
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