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    6337 N Oakley Ave Chicago, IL 60659

    Sponsored
    For Sale
    Under Contract
    $1,599,000

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.18 Acres
    Days on Market:
    50
    Last Refresh:
    Jan 29 at 2:06 am

    Property Features for 6337 N Oakley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 78, Bedroom 6, Bedroom 16, Bedroom 2, Bathroom 2, Bedroom 43, Bedroom 13, Bedroom 44, Bathroom 45, Bedroom 69, Bedroom 8, Bedroom 64, Bedroom 66, Bedroom 62, Bathroom 29, Bathroom 54, Bedroom 35, Bedroom 20, Bedroom 15, Bathroom 26, Bedroom 33, Bathroom 41, Bathroom 39, Bedroom 7, Bedroom 77, Bathroom 21, Bathroom 3, Bedroom 73, Bathroom 55, Bedroom 49, Bathroom 40, Bathroom 51, Bathroom 48, Bathroom 6, Bedroom 70, Bedroom 42, Bedroom 28, Bathroom 43, Bathroom 50, Bathroom 15, Bedroom 56, Bathroom 23, Bathroom 24, Bedroom 36, Bathroom 16, Bedroom 72, Bedroom 63, Bathroom 46, Bedroom 46, Bathroom 25, Bedroom 39, Bathroom 57, Bathroom 1, Bedroom 29, Bedroom 58, Bedroom 60, Bedroom 47, Bedroom 23, Bathroom 28, Bedroom 21, Bedroom 26, Bathroom 33, Bedroom 48, Bathroom 34, Bedroom 14, Bedroom 38, Bathroom 4, Bathroom 52, Bathroom 13, Bedroom 22, Bedroom 12, Bedroom 50, Bathroom 12, Bathroom 20, Bedroom 76, Bathroom 49, Bedroom 17, Bedroom 34, Bathroom 36, Bedroom 32, Bedroom 54, Bathroom 37, Bedroom 51, Bathroom 11, Bathroom 10, Bathroom 19, Bedroom 79, Bathroom 18, Bathroom 42, Bathroom 8, Bathroom 17, Bathroom 35, Bedroom 18, Bedroom 10, Bathroom 7, Bedroom 71, Bedroom 40, Bathroom 30, Bathroom 31, Bathroom 53, Bedroom 68, Bedroom 53, Bedroom 65, Bedroom 5, Bathroom 27, Bedroom 31, Bedroom 30, Bathroom 47, Bathroom 22, Bedroom 24, Bedroom 75, Bedroom 27, Bedroom 41, Bedroom 19, Bathroom 32, Bedroom 25, Bathroom 44, Bedroom 61, Bedroom 55, Bedroom 9, Bedroom 45, Bedroom 4, Bathroom 38, Bathroom 9, Bedroom 52, Bathroom 14, Bedroom 1, Bedroom 11, Bedroom 67, Bedroom 59, Bedroom 74, Bedroom 37, Bathroom 56, Bedroom 57, Bathroom 5, Bedroom 3
    Bedrooms
    79
    APN
    14061020100000
    Fireplace
    1
    Lot size
    0.18 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1924
    Floors in Building
    3
    Number of units
    7
    Building materials
    Concrete, Brick

    We can help!

    Listing Contact
    Mark Ahmad
    Mark Ahmad

    Coldwell Banker Leader Realty (312) 513-4490

    Listing agent Mark Ahmad (773) 983-1553

    Listing date Dec 11, 2025

    MLS# 12523172 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Westridge Jumbo 7-Unit Building

    This full brick, jumbo 7-unit building is located in the Westridge/East Rogers Park neighborhood, steps from Devon Avenue. The property features large units in immaculate condition, each equipped with individual furnaces, water tanks, central AC, and in-unit washers and dryers. There are five 3-bedroom, 2-bath units; one 5-bedroom, 3-bath unit; and one 2-bedroom, 2-bath unit. All units include master bedrooms, fireplaces, and balconies. The property also includes a 4-car garage and 3 additional parking spaces. Public transportation is within walking distance on Devon Avenue, Western Avenue, and Pratt Avenue. A park, library, retailers, shops, and restaurants are also nearby, as are major roads, Loyola campus, Lake Shore Drive, northwest suburbs, and interstates. The property is zoned MULTI and situated on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alyssa Marshall Photography Photographer

    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
    -87.687068
    Latitude
    41.997091

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    FAQs

    What type of property is this?
    Apartment building - Immaculate 7-unit building in Westridge/East Rogers Park neighborhood.
    Where is this apartment building located?
    The property is located at 6337 N Oakley Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - JUMBO 7-unit building in a desirable Westridge/East Rogers Park location near Devon Ave.; - Each unit has individual furnaces, water tanks, central AC, and in-unit washers and dryers.; - Unit mix includes five 3-bedroom/2-bath units, one 5-bedroom/3-bath unit, and one 2-bedroom/2-bath unit, all with master bedrooms, fireplaces, and balconies.
    (773) 983-1553
    Request Owner's contact information
    6337 N Oakley Ave Chicago, IL 60659
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    Chicago, IL 60659
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6337 N Oakley Ave Chicago, IL 60659
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    We can help!
    Listing Contact
    Mark Ahmad
    Mark Ahmad
    Real Estate License ID: 471007186
    (773) 983-1553
    Learn more
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