2554 N Oak Park Ave., Chicago, IL 60707

2554 N Oak Park Ave., Chicago, IL 60707
Photo 1 of 11
$800,000
Beds Baths Sq. Ft. Taxes Built
8 0.00 0 $6,544 1926
On the market: 11 days

Est. Monthly Payment:

$5,335($4,790 + $545 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
Prime Montclare 4-unit apartment building with three (3) additional non-conforming garden units, offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms, plus two (2) 1BD/1BA and one (1) 2BD/1BA non-conforming garden apartments. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Second-floor tenants pay their own electric, cooking gas, and heat; first-floor and garden units have owner-paid heat. Additional features: building-owned coin laundry and attached two-car brick garage. Current rents are well below market, creating a strong value-add opportunity through renovations, and rental increases. Excellent investment for long-term cash flow and appreciation in a stable neighborhood.
Listing courtesy of Adam Max, Compass