4039 N Oakley Avenue
Chicago, IL 60618

Status: Active
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $814,900

About this home

This property is truly turnkey, both the physical building itself and the 3-unit rental business it provides. All units were fully renovated, typically get rented within a few days of listing, and are currently rented below market, so rents can easily be raised and still be competitive. For those looking to owner-occupy, FL 1 would be ideal as it's the largest unit and allows for a flexible move-in since the lease is month-to-month with a 60-day notice to vacate. Large two-car garage can be rented for additional income as well. The building has been extremely well cared for by responsible owners. The rental units have been effortlessly managed using Avail landlord software to handle the rental listings, tenant background checks, leases, and rent collection. Located on a quiet, tree- lined and one-way street in a great North Side neighborhood. Amazing fenced-in backyard with turf and patio, currently accommodating grills, firepit, table/seating, and plenty of extra space. Walking distance to Brown Line, Western and Irving Park bus stops, Walgreens, CVS, Coonley Elementary, many parks, restaurants, and nightlife. Just under a mile to Trader Joe s, 2.3 miles to Lakefront Trail, and 2.6 miles to Kennedy Expressway.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 3100
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Traditional
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1903
Parking Total 2
Exterior Building Type Vinyl Siding
Exterior Property Features Patio
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 1995
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights, Street Paved
Area Major CHI - North Center
Zoning Type MULTI
Corporate Limits Chicago
Directions From Damen Irving Park head west on Irving Park, then turn right on Oakley to head north.
Equipment CO Detectors, Ceiling Fan(s)
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township North Chicago
Interior Features
Basement Description Partially Finished
Basement Partial, Walkout
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1875
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 5
Security Deposit 1000
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1825
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date 07/24
Rooms Total 5
Security Deposit 1000
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 1
Baths Total 1
Actual Rent 1295
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 4
Security Deposit 500
Tenant Pays Electric, Gas, Heat
Floor Number G

Financials

Rental Income 59940
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14183240080000
Special Assessments N
Taxes $12,231
Tax Exemptions Homeowner
Tax Year 2021
$814,900 Listing Price:
MLS # 11971383
Investment Profile Residential Income
Listing Market Time 93 days
Basement Partial, Walkout
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 02/15/2024
Year Built 1903
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