2554 North Oak Park Avenue, Chicago, IL

$800,000

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8

Beds

4

Baths

About 2554 North Oak Park Avenue

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.

Features of 2554 North Oak Park Avenue

MLS® # 12481759
Price $800,000
Bedrooms 8
Bathrooms 4.00
Acres 0.00
Year Built 1926
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 2554 North Oak Park Avenue
Area CHI - Montclare
City Chicago
County Cook
State IL
Zip Code 60707

Amenities

Parking Spaces 2
Parking On Site, Detached, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Partial, Daylight

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 20
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass
Contact Info773-598-7388

Listing Map

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