Oak Lawn, IL Multifamily Properties for Sale

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Updated: Sep 24

Mixed-Use Apartment Building

7654 S Harlem Avenue, Bridgeview, IL 60455

$1,100,000

0.28 AC lot

Estimated 7,400+ square feet on a 0.2779‑acre lot
Six 1‑bedroom, 1‑bath apartments; 5 of 6 are occupied
Two office spaces, each roughly 530 sq ft with a restroom
Brick construction; built in 1969
Basement waterproofing and asphalt parking lot completed in 2025

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Updated: Sep 11

4-Unit Apartment Building with Balconies

10422 Major Avenue, Oak Lawn, IL 60453

$775,000

Four units with 10 bedrooms and 5 full bathrooms
Fully occupied brick building, built in 1972
Private balconies, in‑building coin laundry, and off‑street parking
Roof updated in 2025; select appliances updated in 2024
Copper piping updated in 2023; water heater updated in 2022

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Brick Duplex with Detached Garage

9409 S Kolmar Avenue, Oak Lawn, IL 60453

$529,900

The two apartments have three-bedroom and two-bedroom layouts, with a partially finished basement and fenced yard.

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Mixed-Use Building with Apartments

7654 S Harlem Ave, Bridgeview, IL 60455

$1,100,000

7,400 sqft

Six one-bedroom residences accompany two office suites, shared laundry facilities, and basement storage.

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Brick Triplex with Garage

6048 W 79th Street, Burbank, IL 60459

$749,999

Three-unit residential income property with a two- and three-bedroom unit mix.

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Updated Two-Unit Duplex

9632 Kilpatrick Avenue, Oak Lawn, IL 60453

$599,000

Two-unit property with in-unit laundry, a garage, and a four-bedroom owner’s residence.

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Brick Duplex with Garage

9312 S Kolmar Avenue, Oak Lawn, IL 60453

$322,500

Two-unit residential property with brick construction, forced-air natural-gas heating, and an attached garage.

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Renovated Quadplex with Garage

8818 W 85th Street, Justice, IL 60458

$675,000

Four fully occupied apartments feature updated kitchens and baths, plus individual heating and cooling controls.

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Mixed-Use Property with Two Apartments

5635 W 79th Street, Burbank, IL 60459

$399,999

Two remodeled residential units occupy the upper level above first-floor office space.

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Updated Condo with Walk-In Closet

10840 Kilpatrick Avenue #1NW, Oak Lawn, IL 60453

$110,000

Spacious, updated condo with large walk-in closet and west-facing patio.

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Charming Four-Unit Income Property

8304 S 79th Court, Justice, IL 60458

$418,000

Charming four-unit property with custom layouts and ample parking.

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Updated Condo with Resort Amenities

9540 S Mayfield Avenue #103S, Oak Lawn, IL 60453

$177,000

Stylish condo with updated features, resort amenities, and convenient location.

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Charming Condo with Included Utilities

4931 W 87TH Street #3SW, Oak Lawn, IL 60453

$153,000

Third-floor condo with in-unit laundry, storage, and assigned parking.

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Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 13 Active listings in Oak Lawn, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building With Apartments

6906-6908 111th St, Worth, IL 60482

$890,000

5,400 sqft

Includes a storefront, outdoor patio, pub operation, and a large on-site parking area.

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Mixed-Use Building With Pub

6906-6908 111th Street, Worth, IL 60482

$890,000

0.31 AC lot

Residential units complement a storefront pub, outdoor patio, and on-site parking.

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Renovated Duplex with Expansion Potential

6432 S Kilpatrick Avenue, Chicago, IL 60629

$383,000

Recently renovated duplex on a large lot with development potential.

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Two-Unit Property with Finished Basement

5633 W 64th Place, Chicago, IL 60638

Contact for pricing

Each residence includes two bedrooms and a full bath, with separate utility metering serving the building.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Off-Market Properties in Oak Lawn, IL

Consider similar Off-Market properties in Oak Lawn, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

11035 Keating Ave, Oak Lawn, IL 60453-5684

Estimated value:

$1,510,000

0.28 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

4911 Columbus Dr, Oak Lawn, IL 60453-5985

Unit 21

Estimated value:

$1,280,000

0.39 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

8342 95th St, Oak Lawn, IL 60457-1953

Estimated value:

$410,000

0.32 AC lot

View details

GARDEN APT, COURT APT (5+ UNITS)

5810 87th St, Burbank, IL 60459-2572

Estimated value:

$1,340,000

0.43 AC lot

View details

APARTMENT HOUSE (UNDER 5 UNITS)

7502 Gdn Ln, Justice, IL 60458-1375

Unit 2

Estimated value:

$575,000

2,830 sqft 0.44 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7012 87th St, Burbank, IL 60459-2269

Unit 3

Estimated value:

$565,000

2,618 sqft 0.12 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

7327 80th St, Bridgeview, IL 60455-1594

Unit 1E

Estimated value:

$510,000

3,465 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9632 Kilpatrick Ave, Oak Lawn, IL 60453-6133

Estimated value:

$410,000

2,607 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

8040 82nd St, Justice, IL 60458-1697

Estimated value:

$440,000

2,938 sqft 0.21 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

9522 53rd Ave, Oak Lawn, IL 60453-6099

Estimated value:

$165,000

2,316 sqft 0.14 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

6534 79th St, Burbank, IL 60459-1344

Unit 2

Estimated value:

$625,000

2,448 sqft 0.17 AC lot

View details

Oak Lawn, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Oak Lawn, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 7,400 square feet of properties for sale, with an estimated market value of $7,109,398.

Sale prices for multifamily properties in Oak Lawn, IL start at $110,000, averaging $546,876, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 136K

Population Growth (5Y) -0.3%

Median Household Income $77,870

College Educated 23.9%

High-Yield Neighborhoods for Investment

Identify Oak Lawn submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60453	$356.1K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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Oak Lawn, IL Multifamily Properties for Sale

7654 S Harlem Avenue, Bridgeview, IL 60455

10422 Major Avenue, Oak Lawn, IL 60453

9409 S Kolmar Avenue, Oak Lawn, IL 60453

7654 S Harlem Ave, Bridgeview, IL 60455

6048 W 79th Street, Burbank, IL 60459

9632 Kilpatrick Avenue, Oak Lawn, IL 60453

9312 S Kolmar Avenue, Oak Lawn, IL 60453

8818 W 85th Street, Justice, IL 60458

5635 W 79th Street, Burbank, IL 60459

10840 Kilpatrick Avenue #1NW, Oak Lawn, IL 60453

8304 S 79th Court, Justice, IL 60458

9540 S Mayfield Avenue #103S, Oak Lawn, IL 60453

4931 W 87TH Street #3SW, Oak Lawn, IL 60453

Opportunities in Nearby Cities

6906-6908 111th St, Worth, IL 60482

6906-6908 111th Street, Worth, IL 60482

6432 S Kilpatrick Avenue, Chicago, IL 60629

5633 W 64th Place, Chicago, IL 60638

Potential Development Sites for Consideration

976 Mesa Court, University Park, IL 60484

Off-Market Properties in Oak Lawn, IL

11035 Keating Ave, Oak Lawn, IL 60453-5684

4911 Columbus Dr, Oak Lawn, IL 60453-5985

8342 95th St, Oak Lawn, IL 60457-1953

5810 87th St, Burbank, IL 60459-2572

7502 Gdn Ln, Justice, IL 60458-1375

7012 87th St, Burbank, IL 60459-2269

7327 80th St, Bridgeview, IL 60455-1594

9632 Kilpatrick Ave, Oak Lawn, IL 60453-6133

8040 82nd St, Justice, IL 60458-1697

9522 53rd Ave, Oak Lawn, IL 60453-6099

6534 79th St, Burbank, IL 60459-1344

Oak Lawn, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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