4337 Prescott Avenue, a 12-unit multifamily property located in Lyons, Illinois. This property includes a mix of three one-bedroom/one-bathroom units and nine two-bedroom/one-bathroom units, thoughtfully designed to meet tenant needs. Fully occupied with a stable tenant base, this property offers immediate cash flow and efficient management. Recent improvements include a new heating system, HD security cameras, and remodeled bathrooms in select units. Owned washers and dryers in the on-site laundry, individual heating controls, and ample surface parking enhance tenant convenience and satisfaction. This property presents an excellent opportunity to acquire a well-maintained asset with potential for increased returns through strategic rental adjustments and additional unit updates. Location Description Lyons, a Cook County suburb located 13 miles southwest of downtown Chicago, offers convenient access to Route 34, Route 43, and Interstate 55, as well as the Riverside Metra Station and nearby PACE bus stops, making it ideal for commuters. Positioned near Ogden Avenue, the properties are close to retail and dining options like ALDI, Jewel-Osco, and Starbucks, with parks, schools, and Brookfield Zoo nearby. The West Cook County multifamily market is characterized by strong rental demand, low vacancy rates, and limited new construction, providing a stable environment for investors seeking long-term returns. HIghlights 12-unit multifamily property Unit mix: Three 1BR/1BA and Nine 2BR/1BA units Fully occupied with immediate cash flow Recent upgrades: heating system, security cameras, and unit renovations On-site laundry with owned washers and dryers Individual heating controls and ample surface parking Stable tenant base with value-add potential
For sale
$1,520,000
4337 Prescott Ave, Lyons, IL 60534
--beds
13,005sqft
Est.:
Multi Family
Built in 1966
-- sqft lot
$-- Zestimate®
$117/sqft
$-- HOA
What's special
- 135 days
- on Zillow |
- 241 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2025 at 12:20pm
Listed by:
630-474-6441,
eXp Commercial
Source: My State MLS,MLS#: 11351712
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 12
- Full bathrooms: 12
Basement
- Area: 0
Heating
- Natural Gas, Baseboard, Hot Water
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Laminate, Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 13,005
- Total interior livable area: 13,005 sqft
- Finished area above ground: 13,005
Property
Features
- Stories: 3
- Exterior features: Utilities
Lot
- Size: 0.31 Acres
- Features: Near Bus
Details
- Parcel number: 1801302007 1801302008 1801302006
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Brick Siding, Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1966
- Major remodel year: 2024
Utilities & green energy
- Electric: Amps(0)
- Sewer: Municipal
- Water: Municipal
- Utilities for property: Naturl Gas Available
Community & HOA
Community
- Features: Laundry, Security
- Security: Alarm
HOA
- Has HOA: No
- Amenities included: Laundry, Security
Location
- Region: Lyons
Financial & listing details
- Price per square foot: $117/sqft
- Annual tax amount: $34,000
- Date on market: 3/27/2025
- Date available: 10/09/2024
- Listing agreement: Exclusive
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