Bucktown Updated Multifamily
2335 N Oakley Chicago, IL 60647
For Sale
Contact for pricing
Pending
Updated Bucktown multifamily property with long-term tenants and newer features.
Property Size5,000 SF
Days on Market2217
Property Features for 2335 N Oakley
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
Multifamily
Building Details
Year Built
1908
Listing Agency:
Jameson Commercial Real Estate
(312) 751-0300
Listed By:
Art Collazo · License #IL 475131028
Source:
Crexi
Added: Jul 2, 2020
Changed: Jul 6
Last Checked: Jul 26 at 1:51PM
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 Jameson Commercial Real Estate
Investment Insights
Based on property information with market context.
This Bucktown multifamily property is located on a wide lot and features updated units. The building includes central heat and air conditioning, in-unit laundry, newer windows and roof, and updated plumbing. A newer three-car garage is included. The property is occupied by long-term tenants with rents below market value. Forecasted market gross rents are $109,200. The property is located steps from Holstein Park and within walking distance of the Blue Line, restaurants, bars, and coffee shops. The property contains four units.
Key Highlights
- Bucktown location, steps to Holstein Park and walkable to Blue Line, restaurants, bars, and coffee shops
- Updated units with central heat/AC and in‑unit laundry
- Newer 3‑car garage
Financial Insights For Multifamily LT 5
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 | $126.0k | $25.20 |
| − Vacancy | −$6.9k | −$1.39 |
| EGI | $119.1k | $23.81 |
| − OpEx | −$35.7k | −$7.14 |
| NOI | $83.3k | $16.67 |
5,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,349 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.09M
$958.1K – $1.28M
NOI $76,646 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Updated Bucktown multifamily property with long-term tenants and newer features.
Where is this quadplex located?
The property is located at 2335 N Oakley Chicago, IL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Bucktown location, steps to Holstein Park and walkable to Blue Line, restaurants, bars, and coffee shops; Updated units with central heat/AC and in‑unit laundry; Newer 3‑car garage
