Near West Side Multifamily
1007-1011 S Oakley Blvd Chicago, IL 60612
1007-1011 S Oakley Blvd, Chicago, IL, 60612
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For Sale
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Two apartment buildings totaling 22 units with central forced-air heat and air conditioning in most units.
Property Size22,300 SF
Price / SF$201.79
Days on Market98
Property Features for 1007-1011 S Oakley Blvd
General Information
- Standard status
- Active
- Size
- 22,300 SF
- Property subtype
- Multifamily
Listing agency
SVN Chicago Commercial
Listed by
Joe Connelly · License #475202263 IL
Source
Crexi
Added: Apr 16 Updated: Jul 20 at 11:13PM Checked: Jul 22 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Chicago Commercial
Investment Insights
Based on property information with market context.
SVN presents the Tri-Taylor 30 Portfolio, consisting of two multifamily apartment buildings with 22 total units. The unit mix includes fourteen 2-bedroom, 1-bath units and eight 3-bedroom, 1-bath units. Heat is provided by central forced air, and the majority of the portfolio has air conditioning throughout.
The offering includes 1007–1011 South Oakley Blvd and 608 S Oakley Blvd in Chicago’s Near West Side/Tri-Taylor area. Many units feature updated kitchens and baths, newer cabinets, stainless steel appliances, and newer windows. Improvements also referenced for much of the portfolio include a newer roof and basement laundry.
The portfolio offers a defined residential income configuration across two buildings, with interior updates and shared utility systems centered on central forced-air heating and cooling in most units.
The offering includes 1007–1011 South Oakley Blvd and 608 S Oakley Blvd in Chicago’s Near West Side/Tri-Taylor area. Many units feature updated kitchens and baths, newer cabinets, stainless steel appliances, and newer windows. Improvements also referenced for much of the portfolio include a newer roof and basement laundry.
The portfolio offers a defined residential income configuration across two buildings, with interior updates and shared utility systems centered on central forced-air heating and cooling in most units.
Key Highlights
- Tri‑Taylor 30 Portfolio includes 2 apartment buildings and 22 total units
- Unit mix: 14 units with 2 bed/1 bath and 8 units with 3 bed/1 bath
- Central forced‑air heat throughout the portfolio
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $655.6k | $29.40 |
| − Vacancy | −$34.1k | −$1.53 |
| EGI | $621.5k | $27.87 |
| − OpEx | −$279.7k | −$12.54 |
| NOI | $341.8k | $15.33 |
22,300 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.88M
$4.27M – $5.70M
NOI $341,840 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.51M
$9.20M – $12.27M
NOI $736,007 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two apartment buildings totaling 22 units with central forced-air heat and air conditioning in most units.
Where is this apartment building located?
The property is located at 1007-1011 S Oakley Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Tri‑Taylor 30 Portfolio includes 2 apartment buildings and 22 total units; Unit mix: 14 units with 2 bed/1 bath and 8 units with 3 bed/1 bath; Central forced‑air heat throughout the portfolio
