Property profile & analytics
1624 Oakley Ave Chicago, IL 60647-5775
This is a legal four-unit brick building located in the Wicker Park neighborhood of Chicago. Each unit contains two bedrooms and one bathroom, with individual heat sources and water heaters. Tenants are responsible for their own gas and electric bills. The property includes a non-conforming basement unit with one bedroom and one bathroom. A coin laundry is located in the basement. Exterior parking is available. The location provides access to public transportation, restaurants, shopping, and the 606 Trail.
- Apartment buildings
- 2,520 SF
- 0.07 lot acres
OFF-MARKET
Last Sale
Oct 25, 2022
Oct 25, 2022
$395,000
Value Estimations
$505,000
Show details
Cap Rate Potential
8.4%
Apartment buildings
Location Intelligence
Property ID
US28-1267362
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 1624 Oakley Ave
- Year built
- 1878
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 2,520 SF
- Property type
- Apartment buildings
- APN
- 14-31-327-034
- APU
- 1431327034
Property Overview
This is a legal four-unit brick building located in the Wicker Park neighborhood of Chicago. Each unit contains two bedrooms and one bathroom, with individual heat sources and water heaters. Tenants are responsible for their own gas and electric bills. The property includes a non-conforming basement unit with one bedroom and one bathroom. A coin laundry is located in the basement. Exterior parking is available. The location provides access to public transportation, restaurants, shopping, and the 606 Trail.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $500,000
- ML approach
- $535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $700,000
- 6.5%
- $645,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $563,000
Market price range: $347k - $564k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $765,000 Current use
- RETAIL STORES
- $755,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6852
- Latitude
- 41.9111
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,072
$25,000
$58,000
$83,000
-
$250,000
$580,000
$830,000
