Multi-Family: MLS #12561461 Chicago, IL $ 2,700,000
Multi-Family: MLS #12561461
$ 2,700,000
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Multi-Family: MLS #12561461

Chicago, IL, 60659
$ 2,700,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 16,624

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Multi-Family Home for sale in Chicago, IL

for $2,700,000 with 3 bedrooms. This home was built in 1926.

Presented for sale is a 17-unit corner multi-family property located at 6305 N Oakley Ave and 2250 W Rosemont Ave in Chicago's desirable North Side neighborhood, West Rogers Park. The property has been family-owned and owner-operated for over 40 years, representing a rare opportunity to acquire a generational asset that has been carefully maintained with a long-term ownership mindset. The corner location property provides strong curb appeal and benefits from its position with excellent light exposure, in a desirable North Side neighborhood known for strong renter demand, access to public transportation, proximity to neighborhood retail, dining, and community amenities. Corner assets in this submarket are increasingly rare with limited new multi-family supply, adding long-term value and defensibility. This offering combines stable in-place cash flow, a strong neighborhood location, and meaningful upside through operational and rental optimization, making it well-suited for investors seeking a core-plus or long-term hold opportunity. Value-add and upside potential, this property offers clear pathways for value creation. Gradual rental growth creating 2-bedroom units from the 13 one-bedroom units and 4 two-bedroom units, coin laundry, and garage parking rental increasing rents to be aligned with market conditions. Operational efficiencies under professional management. Strategic capital improvements to enhance long-term performance. Investors benefit from acquiring an asset with proven stability while retaining flexibility to implement modernization strategies over time.

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Multi-Family Contingent

Price

$ 2,700,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 30,427

Style

Multi-Family

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12561461

Features
General
Zoning MULTI
Construction Materials Brick
Year Built 1926
Tenant Pays Electricity
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 270300
County Cook
Net Operating Income 270300
Operating Expense 142455
Insurance Expense 13380
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 23750
Status Contingent
Directions north/south on Western Ave to Rosemont Ave 1-way east to property.
City Chicago
Number Of Units Total 17
MLS Area CHI - West Ridge
Tax Annual Amount 30427.9
Electric Expense 2927
Fuel Expense 50448
Trash Expense 18287
Water Sewer Expense 35590
Additional Parcels Y/N N
Standard Status Active Under Contract
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Exterior
Lot Dimensions 75 X 125
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* Excluded Features
List By
Century 21 S.G.R., Inc.

Broker

myra@myranim.com; myranimrealestate@gmail.com

Email

Affordability Calculator

$19,160
Per Month
87%
13%
0%
Monthly Principal & Interest
$16,624
Monthly Property Taxes
$2,536
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$2,700,000 Listed Price

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