6343 N Oakley Avenue Chicago, IL $ 985,000
6343 N Oakley Avenue
$ 985,000
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6343 N Oakley Avenue

Chicago, IL, 60659
$ 985,000
Bedrooms12 Baths0.0

Monthly Estimate*

$ 6,065

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Multi-Family Home for sale in Chicago, IL

for $985,000 with 12 bedrooms. This home was built in 1923 on a lot size of 0.086088.

6-unit brick rental building located in the heart of the bustling West Ridge neighborhood. There are three front/West facing units, and three rear/East facing units. All units consist of 2-bedroom, 1-bathroom. Each unit offers a functional and open layout with hardwood floors throughout, a decorative fireplace/shelving, 2 good sized bedrooms/closets, kitchen with walk-in pantry, and a rear wooden outdoor deck. Additionally, each unit has window A/C units for air conditioning, and radiators for heat (boiler). Tenants are responsible for gas (cooking only) and electricity, and each unit is individually metered for both gas and electricity. The City of Chicago water is on a metered account. All rents are currently under-market; market rents for the area currently range between $1,500-$2,000 depending on Unit finishes/updates. These units do need a cosmetic refresh and some minor work to maximize rents. However, this is a highly desirable location which equals a strong rental market and low vacancies. There are tons of amazing restaurants / shopping nearby and the building is located just a few blocks from the expansive and beautiful West Ridge Nature Park. BUILDING MECHANICALS: New hot water tank installed in 2026. The roof and boiler have been well maintained and are in good shape. WASHER-AND-DRYER: The basement washer and dryer are not working. There is space currently for 2 washer/dryer setups, and room for more should Buyer choose to make a formal laundry room in basement. If not, tenants can conveniently use the newly updated laundromat directly across the street. PARKING: There is a small concrete parking pad at the rear of the building, with space for 2 small cars. AS-IS, WHERE-IS: This is an as-is, where-is sale. Prospective Buyers may conduct an inspection for informational purposes only. BRING YOUR INVESTORS BY TODAY, THIS WONDERFUL INCOME-PRODUCING OPPORTUNITY WILL NOT LAST LONG!

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Multi-Family Active

Price

$ 985,000

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 16,055

Style

Lot Size

0.086088

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12649541

Features
General
Cooling Window Unit(s)
Possession Closing Tenant's Rights
Construction Materials Brick
Year Built 1923
Tenant Pays Electricity
Stories Count 3
Township Lake View
Tax Year 2024
Gross Income 96600
County Cook
Net Operating Income 58744
Operating Expense 21800
Insurance Expense 6800
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions Western Avenue (South of Devon) to W. Rosemont Avenue West to Oakley Avenue North to Property
City Chicago
Number Of Units Total 6
MLS Area CHI - West Ridge
Lot Size Square Feet 3750
Tax Annual Amount 16055.53
Electric Expense 500
Fuel Expense 10000
Trash Expense 2000
Water Sewer Expense 2500
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished
Total Fireplaces 6
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Exterior
Lot Dimensions 30' x 125'
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* Excluded Features
List By
Fulton Grace Realty

Broker

brian.huffman@fultongrace.com

Email

Affordability Calculator

$7,403
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,065
Monthly Property Taxes
$1,338
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
5/30/2026$985,000 Listed Price

Map


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6343 N Oakley Avenue, Chicago, IL, 60659 is a Multi-Family Home for sale at $985,000 with a lot size of 0.086088. 6343 N Oakley Avenue has 12 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 60659 which is in Chicago, IL