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1628 N Oakley Avenue Chicago, IL 60647
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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12104065
Sold Date 08/02/24
Bedrooms 8
Year Built 1908
Annual Tax Amount $18,649
Tax Year 2022
Lot Dimensions 25 X 125
Property Description
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.
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with James Sheehan • Sheehan Real Estate