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    2335 Oakley Ave Chicago, IL 60647

    Sponsored
    For Sale
    $1,295,000

    Updated 5,000 sq ft apartment building in Chicago.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Bucktown multifamily property, located at 2335 N Oakley, Chicago, IL 60647, presents a compelling investment opportunity. Built in 1908, this 5,000 square foot apartment building boasts significant recent updates, including a new roof, updated plumbing, and newer windows. All units feature central heating and air conditioning, and in-unit laundry, enhancing tenant appeal and increasing rental income potential. The property also includes a newer three-car garage, adding further value. Current tenants are long-term and pay below-market rent, presenting a significant opportunity to increase revenue. Projected gross annual market rents are $109,200. The building sits on a wide lot in the desirable Bucktown neighborhood, at the cross streets of Oakley and Fullerton. 2015 property taxes were $14,293.18. Showings begin Friday at 11:00 AM. This is a rare chance to acquire a well-maintained, updated multifamily building in a prime Chicago location with substantial upside potential. Don't miss this chance to add a high-performing asset to your portfolio.

    Property Features for 2335 Oakley Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,000 SF

    Building Details

    Year Built
    1908

    HighLights

    • Renovated apartment units.
    • In‑unit laundry hookups.
    • Central heating and air conditioning.
    • New roof installed.
    • Updated plumbing systems.
    • New windows throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6849429
    Latitude
    41.9245133

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    FAQs

    What type of property is this?
    Multifamily property - Updated 5,000 sq ft apartment building in Chicago.
    Where is this multifamily property located?
    The property is located at 2335 Oakley Ave 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: Renovated apartment units.; In-unit laundry hookups.; Central heating and air conditioning.
    Request Owner's contact information
    2335 Oakley Ave Chicago, IL 60647
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    Realmo Value Estimation

    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.

    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.

    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
    2335 Oakley Ave Chicago, IL 60647
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