Multi-Family•Mid-Rise•For Sale

2138-40 N. Oakley Ave., Chicago, Illinois 60647

Sale Price $1,250,000
Zoning RT-4
Year Built 1887
Stories 3
Cap Rate 2.05%
Vacancy 100%
Gross Bldg 3,200 SqFt
Land Area .11 Acres
Project Size 3
Net Op Inc $25,566.63
2138-40 N. Oakley Avenue is a 3-flat building located in the Bucktown sub-market of Chicago. Built in 1887, this building consists of 3 residential units. Included in this sale is the vacant 2,400 SF lot due south of the building. Bucktown has become a popular neighborhood for younger professionals and families alike. The neighborhood has exhibited tremendous growth within the last 5 years. This sale presents an opportunity for investors to locate in a beautiful neighborhood with amenities and conveniences. 2138-40 N. Oakley Avenue is an excellent opportunity to acquire a value-add, 3 unit property in Chicago's Bucktown Neighborhood. This well established neighborhood continues to cement itself as a premier neighborhood in Chicago, and the burgeoning market continues to attract investors and families alike. The subject property is located within walking distance to multiple CTA Blue Line stops at Damen and Western, as well as a plethora of premier dining, entertainment, and retail options along Milwaukee Ave., and North Ave. This property provides an investor with a perfect combination to develop in a neighborhood that will be desirable for years to come. On West Side of Oakley. One-way South from Palmer. Facing Holstein Park.
  • Property Type: Land
  • Lot Size: 4,800 SF
  • Detached 2 Car Garage
  • Zoning: RT-4
  • PIN(s): 14-31-119-027, 028
  • Taxes (2018): $14,533.37
  • Across from Holstein Park
  • Rail Access: 1 mile from CTA Blue Line Station (California & Damen)
2/17/2020 9:27:24 PM 4/3/2020 5:50:12 PM
Mark J. Reiter
Principal
5M Real Estate, Inc.
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