About 2554 North Oak Park Avenue
Prime Montclare 4-unit apartment building with three (3) additional non-conforming garden units, offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms, plus two (2) 1BD/1BA and one (1) 2BD/1BA non-conforming garden apartments. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Second-floor tenants pay their own electric, cooking gas, and heat; first-floor and garden units have owner-paid heat. Additional features: building-owned coin laundry and attached two-car brick garage. Current rents are well below market, creating a strong value-add opportunity through renovations, and rental increases. Excellent investment for long-term cash flow and appreciation in a stable neighborhood.
Features of 2554 North Oak Park Avenue
| MLS® # | 12481759 |
|---|---|
| Price | $800,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Acres | 0.00 |
| Year Built | 1926 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | Contingent |
Community Information
| Address | 2554 North Oak Park Avenue |
|---|---|
| Area | CHI - Montclare |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60707 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | On Site, Detached, Garage |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Partial, Daylight |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 19 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|---|
| Contact Info | 773-598-7388 |