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Four-Unit Apartment Property
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4041 N Oakley Ave, Chicago, IL 60618

Well-maintained apartment property with varied unit layouts, central HVAC, laundry, and shared outdoor space.

Property SizeContact for details
Days on Market144

Property Features for 4041 N Oakley Ave

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Road Access Yes
Public Transit Yes

Units

Unit Mix 1 x studio garden (in-law), 2 x 2BR/1BA, 1 x 3BR/2BA duplex-up coach house
Multifamily Units 4

Amenities

hardwood floors
laminate countertops
stainless steel appliances
central heat and air-conditioning
on-site laundry
common yard
Listing Agency: Essex Realty Group
Listed By: Matt Feo · License #IL 475177568
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:05AM

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 Essex Realty Group

Investment Insights

Based on property information with market context.

Located at 4041 N Oakley Ave in Chicago, this four-unit apartment property includes a garden-level studio, two two-bedroom/one-bath apartments, and a two-level coach house with three bedrooms and two baths. Interior features include hardwood flooring, laminate countertops, white and stainless steel appliances, and central heating and air-conditioning. Residents also have access to on-site laundry and a common yard.

The property is on the east side of Oakley Ave., north of Irving Park Rd., within the Coonley Elementary school district. Retail and entertainment options are available along Western Ave. and Lincoln Ave., with several bus stops within walking distance on those roads. The same ownership has held and professionally managed the property for more than 35 years. The garden unit may be eligible for legalization through the city's ADU Pilot program, or it may continue operating in its current form.

Key Highlights

  • Four‑unit configuration with a garden studio, two 2 Bed/1 Bath units, and a 3 Bed/2 Bath duplex‑up coach house
  • Hardwood floors, laminate countertops, and white and stainless steel appliances in each unit
  • Central heat and air‑conditioning throughout the property

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Food Market Grocery & Convenience Store Home Appliance Store Electrical Service Fish Market Supermarket

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,383
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Well-maintained apartment property with varied unit layouts, central HVAC, laundry, and shared outdoor space.
Where is this quadplex located?
The property is located at 4041 N Oakley Ave Chicago, IL.
What are key features of this property?
This property features: Four‑unit configuration with a garden studio, two 2 Bed/1 Bath units, and a 3 Bed/2 Bath duplex‑up coach house; Hardwood floors, laminate countertops, and white and stainless steel appliances in each unit; Central heat and air‑conditioning throughout the property
More about this property
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