7129 N Oakley Avenue Chicago, IL ^$ 1,599,000

7129 N Oakley Avenue

^$ 1,599,000

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7129 N Oakley Avenue

Chicago, IL, 60645

^$ 1,599,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 9,976

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Multi-Family Home for sale in Chicago, IL

for $1,599,000 with 3 bedrooms. This home was built in 1933 on a lot size of 0.18.

First time on the market since 1948, this family-owned and well-maintained 9-flat sits on an oversized lot and 4 garage spaces. The property features six spacious one-bedroom units-designed with layouts that live like two-bedrooms-along with three traditional two-bedroom units. Recent improvements include a newer boiler, roof inspection, tuckpointing, and lintel repairs, ensuring strong structural integrity and low maintenance needs. Current rents are below market, offering immediate value-add potential and room for income growth.

Multi-Family Contingent

Price

^$ 1,599,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 12,215

Style

Multi-Family

Lot Size

0.18

Year Built

1933

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12392142

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1933

Tenant Pays Electricity Other

Stories Count 3

Township Rogers Park

Tax Year 2023

Current Use Multi-Family

Gross Income 100068

County Cook

Net Operating Income 62391

Operating Expense 37677

Insurance Expense 6801

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 7333

Status Contingent

Directions Touhy one block east of Western. Oakley is a one way street going north.

City Chicago

Number Of Units Total 9

MLS Area CHI - West Ridge

Lot Size Square Feet 7760

Tax Annual Amount 12215.58

Electric Expense 569

Fuel Expense 8335

Trash Expense 3368

Water Sewer Expense 1953

Additional Parcels Y/N N

Standard Status Active Under Contract

Cap Rate 3.92

Exterior

Lot Dimensions 40 X 194

Lot Size Acres 0.18

* Excluded Features

List By

Engel & Voelkers Chicago North Shore

Broker

Jackie.Thom@evrealestate.com

Affordability Calculator

$10,994

Per Month

Monthly Principal & Interest: $9,976
Monthly Property Taxes: $1,018
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$615,846

Percent of Sale Price 61%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/3/2025	$1,599,000		Listed Price

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7129 N Oakley Avenue, Chicago, IL, 60645 is a Multi-Family Home for sale at $1,599,000 with a lot size of 0.18. 7129 N Oakley Avenue has 3 bedrooms, 0.0 baths, and was built in 1933. The property's zip code is 60645 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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7129 N Oakley Avenue

Multi-Family Home for sale in Chicago, IL

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