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    6246 N Oakley Ave Chicago, IL 60659

    For Sale
    $949,999

    Residential Income - Chicago, IL

    Days on Market:
    50
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 6246 N Oakley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    14061060190000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1929
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Laura Tibu (847) 495-5000 License #475177573

    Listing date Oct 19, 2025

    MLS# 12496655 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Arcadia Terrace Multifamily Investment Opportunity

    Located in Chicago's Arcadia Terrace, this well-maintained four-unit residential income property presents a new investment opportunity. Each unit features three bedrooms, two full baths, a large dining room, and a family room. Recent updates include a newer roof, gutters, siding, electric panels, deck, and deck windows. The property includes a three-car garage and a well-kept exterior. All tenants are month-to-month, providing flexibility for rent adjustments. Current rents are below market value, presenting a value-add opportunity. The owner does not know the legality of the basement unit. The property is being sold AS-IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6877223
    Latitude
    41.9955424

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building in Chicago's Arcadia Terrace with value-add potential.
    Where is this quadplex located?
    The property is located at 6246 N Oakley Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $949,999.
    What are key features of this property?
    This property features: - Significant value-add opportunity with below-market rents, allowing for immediate rental income increases.; - Four spacious units, each featuring 3 bedrooms and 2 full baths.; - Newer major updates including a newer roof, gutters, siding, electric panels, deck, and deck windows.
    (847) 495-5000
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    6246 N Oakley Ave Chicago, IL 60659
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    Chicago, IL 60659
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6246 N Oakley Ave Chicago, IL 60659
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