1628 N Oakley Avenue
Chicago, IL 60647

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,085,000
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About this home

This is a legal 3-unit plus one nonconforming unit all brick building in prime Bucktown, on a standard 25 by 125-foot lot, features 2-bedroom, 1-bath units with great natural light, individual furnaces, and kitchens equipped with dishwashers. Each unit boasts hardwood floors throughout and additional area perfect for a dining room or office. The top-floor unit has in-unit laundry, while other units share a coin laundry. Current rents are 30% below market, offering significant income growth potential, and there is further opportunity for value-add to increase rents. Additional amenities include a 2-car garage.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1908
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 2
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Town
Corporate Limits Chicago
Directions Just north of North Avenue and east of Western Ave.
Elementary Sch Dist 299
Heat/Fuel Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 4
Full Baths in Building Count 4
Total Rooms 19
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 975
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number G
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1391
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 03/25
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1712
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Window Air Conditioner, Skylights/Windows
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 3
Property / Lot Details
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 400
Electric Expense Source Broker Projection
Financing Cash
Insurance Expense $4,000
Insurance Expense Source Broker Projection
Janitor Expense $1,400
MaintenanceExpense 1600
Rental Income 65136
Investment Profile Residential Income
Water Expense $1,200

Tax/Assessments/Liens

PIN 14313270320000
Special Assessments N
Taxes $18,649
Tax Year 2022
$1,085,000 Listing Price:
MLS # 12104065
Investment Profile Residential Income
Listing Market Time 25 days
Basement Full
Type Unit 4 Flat
Number of Units in Building 4
Parking Garage
List Date 07/08/2024
Year Built 1908
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