Chicago, IL 60659 6343 N Oakley Avenue
$985,000



33 more

































Presented By: Fulton Grace Realty
Home Details
6-unit brick rental building located in the heart of the bustling West Ridge neighborhood. There are three front/West facing units, and three rear/East facing units. All units consist of 2-bedroom, 1-bathroom. Each unit offers a functional and open layout with hardwood floors throughout, a decorative fireplace/shelving, 2 good sized bedrooms/closets, kitchen with walk-in pantry, and a rear wooden outdoor deck. Additionally, each unit has window A/C units for air conditioning, and radiators for heat (boiler). Tenants are responsible for gas (cooking only) and electricity, and each unit is individually metered for both gas and electricity. The City of Chicago water is on a metered account. All rents are currently under-market; market rents for the area currently range between $1,500-$2,000 depending on Unit finishes/updates. These units do need a cosmetic refresh and some minor work to maximize rents. However, this is a highly desirable location which equals a strong rental market and low vacancies. There are tons of amazing restaurants / shopping nearby and the building is located just a few blocks from the expansive and beautiful West Ridge Nature Park. BUILDING MECHANICALS: New hot water tank installed in 2026. The roof and boiler have been well maintained and are in good shape. WASHER-AND-DRYER: The basement washer and dryer are not working. There is space currently for 2 washer/dryer setups, and room for more should Buyer choose to make a formal laundry room in basement. If not, tenants can conveniently use the newly updated laundromat directly across the street. PARKING: There is a small concrete parking pad at the rear of the building, with space for 2 small cars. AS-IS, WHERE-IS: This is an as-is, where-is sale. Prospective Buyers may conduct an inspection for informational purposes only. BRING YOUR INVESTORS BY TODAY, THIS WONDERFUL INCOME-PRODUCING OPPORTUNITY WILL NOT LAST LONG!
Presented By: Fulton Grace Realty
Interior Features for 6343 N Oakley Avenue
Other Interior Features
BasementUnfinished
Total Fireplaces6
General for 6343 N Oakley Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
DirectionsWestern Avenue (South of Devon), to W. Rosemont Avenue, West to Oakley Avenue, North to Property
Electric Expense500
Fuel Expense10000
Gross Income96600
Insurance Expense6800
Lot Size Square Feet3750
MLS AreaCHI - West Ridge
MaintenanceExpense
Net Operating Income58744
Number Of Units Total6
Operating Expense21800
PossessionClosing, Tenant's Rights
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories Count3
Tax Annual Amount16055.53
Tax Year2024
Tenant PaysElectricity
TownshipLake View
Trash Expense2000
Water Sewer Expense2500
Year Built1923
Exterior for 6343 N Oakley Avenue
Lot Dimensions30' x 125'
Additional Details
Price History
