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    2451 Oakley Avenue

    Chicago, IL 60608
    • $775,000
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 10825179
    UPDATED: 108 min ago
    $775,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,500
      SQFT
    • $172
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Beautifully gut-rehabbed (2016) 3-unit building + side lot on Chicago's original "Little Italy" in the historic Pilsen neighborhood. This mixed-use property has an art gallery in the commercial space with two 2 bed / 1 bath rental units on the second floor at market rate. This building was a complete rehab in 2016. Two, updated 2 bed/1 bath rental units complete with central heat/air, in-unit washer/dryer, hardwood floors, and great natural light. Current rent roll is above an 8 CAP AFTER expenses, valued at ($650K). Large, open-concept commercial retail space with tons of versatility to accommodate many business types. Huge open basement perfect for more storage or inventory. Parking spaces in back provide more opportunities for income. Side lot has potential for additional build out opportunities with the existing 3 unit building. Front rental unit currently vacant for the option to owner occupy. Optimal location and plenty of new development surrounding this investment. Easy access to Pink Line, CTA buses, expressway, shops, restaurants, parks, and all that Pilsen has to offer.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-21T13:52:31.097 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    2451 Oakley Avenue Chicago, IL 60608

    • Price: $775,000
    • Status: Active
    • Updated: 108 min ago
    • MLS #: 10825179
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,500
    SQFT
    $172
    $/SQFT
    1930
    Built
    Neighborhood:
    Chi - Lower West Side
    County:
    Cook
    Area:
    Chi - Lower West Side
    Property Description
    Beautifully gut-rehabbed (2016) 3-unit building + side lot on Chicago's original "Little Italy" in the historic Pilsen neighborhood. This mixed-use property has an art gallery in the commercial space with two 2 bed / 1 bath rental units on the second floor at market rate. This building was a complete rehab in 2016. Two, updated 2 bed/1 bath rental units complete with central heat/air, in-unit washer/dryer, hardwood floors, and great natural light. Current rent roll is above an 8 CAP AFTER expenses, valued at ($650K). Large, open-concept commercial retail space with tons of versatility to accommodate many business types. Huge open basement perfect for more storage or inventory. Parking spaces in back provide more opportunities for income. Side lot has potential for additional build out opportunities with the existing 3 unit building. Front rental unit currently vacant for the option to owner occupy. Optimal location and plenty of new development surrounding this investment. Easy access to Pink Line, CTA buses, expressway, shops, restaurants, parks, and all that Pilsen has to offer.
    Exterior Features

    Construction BrickWood Frame Foundation Concrete Frontage Access City Street Location Central Business DistrictCornerPark Adjacent Lot Dimensions 99.7X67X100 Lot Sq Ft 0 Number Of Parking Spaces 2 Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection Carbon Monoxide Detector(S) Floor Finish Wood Miscellaneous Inside Multi-TenantStorage InsideBasement Number Of Apts 2 Number Of Dishwashers 2 Number Of Disposals 2 Number Of Dryers 2 Number Of Fireplaces 0 Number Of Offices 1 Number Of Ranges 2 Number Of Refrigs 2 Number Of Stores 0 Number Of Stories 2 Number Of Washers 2 Outdoor Parking 1-5 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Current Use CommercialCondominium Electric Expense Source Owner Projection Electrical Service 0-100 Amps Electricity Expense 200 Estimated Cam SF 0 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Chicago Southwest Gross Rental Income Amount 62400 Heat Ventilation Forced AirGas Insurance Expense 3500 Insurance Expense Source Actual Known Encumbrances None Known Lease Type N/A Monthly Rental Price 0 Net Oper Income Amount 53000 Net Operating Income Year 2019 Number Of Tenants 2 Number Of Window Ac 0 Other Expense Source Actual Other Expenses 250 Owners Assoc YN No Possession Closing Potential Use CommercialCondominiumResidential-Multi-FamilyRetail Rental Price 0 Sale Terms Conventional Tax Year 2019 Taxes 9687.14 Tenant Pays ElectricHeat Total Annual Exp 5150 Total Annual Expense Source Owner Projection Total Annual Income 62400 Total Monthly Income 5200 Township West Chicago Unincorporated YN No Utilities To Site Electric To SiteGas To SiteWater-MunicipalWater To Site Washer Dryer Lsd YN No Water Expense 1200 Water Expense Source Owner Projection Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Berkshire Hathaway Homeservices Chicago.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2020-09-21T13:52:31.097 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647