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Four-Unit Brick Apartment Building
For Sale
$1,050,000

1624 N Oakley Avenue, Chicago, IL 60647

Each unit offers two bedrooms and one bath, with separate heat and water heaters, plus basement coin laundry.

Property SizeContact for details
Days on Market39

Property Features for 1624 N Oakley Avenue

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Amenities

Natural Gas
Radiator(s)
Patio

Building Details

Year Built 1885
Listing Agency: Redfin Corporation
Listed By: Nancy Huetteman · License #475171197
Source: Kw
Added: Jul 20 Changed: Aug 13 Last Checked: Aug 26 at 3:36PM

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 Redfin Corporation

Investment Insights

Based on property information with market context.

A legal four-unit brick building with a consistent layout across all apartments. Each unit features two bedrooms and one bathroom, along with an individual heat source and water heater. The building includes coin-operated laundry in the basement, and there is exterior parking available that is not currently generating income.

Located in Wicker Park, the property is positioned for convenient everyday access, with nearby public transportation, restaurants, shopping, and the 606 Trail.

For potential tenants or investors, the building’s configuration provides independently metered utilities via tenants paying their own separate gas and electric bills, supporting straightforward operating management.

Key Highlights

  • Legal four‑unit brick building built in 1885 in Wicker Park
  • Each unit features 2 bedrooms and 1 bathroom
  • Separate heat source and water heater for every unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Accounting Firm Nursing Home Catering Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

4,998
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Each unit offers two bedrooms and one bath, with separate heat and water heaters, plus basement coin laundry.
Where is this quadplex located?
The property is located at 1624 N Oakley Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Legal four‑unit brick building built in 1885 in Wicker Park; Each unit features 2 bedrooms and 1 bathroom; Separate heat source and water heater for every unit
More about this property
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