2448 Oakley Ave Chicago, IL 60608

This mixed-use building in Chicago's vibrant Pilsen neighborhood presents a unique value-add opportunity. The property, a receivership sale, boasts 8,715 square feet on a 5,408 square foot lot, encompassing 5,100 square feet of commercial space and four apartments. Originally built in 1887 and extensively renovated in 2022 (though incomplete), the building features a ground floor commercial space, previously a deli, with intact commercial kitchen infrastructure including a hood and black iron. The upper two floors comprise four apartments: two 3-bedroom/2-bathroom units and two 2-bedroom/1-bathroom units. These units feature high ceilings, exposed masonry walls, vinyl flooring, quartz kitchens, and individual HVAC and hot water systems. The property is currently vacant and zoned B3-1, offering significant flexibility for future use. The asking price is $1,100,000 ($160.07 per square foot), and all offers are subject to court approval. This is a chance to acquire a well-located property in a desirable area at a price significantly below replacement cost. The building is being sold "as is, where is". A virtual tour is available.