4825 W Oakdale AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60641
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12352409
Style Brownstone
Bedrooms 10
Year Built 1925
Annual Tax Amount $7,389
Tax Year 2023
Lot Size 4,791 Sqft
Property Sub-Type Two to Four Units
Property Description
Welcome to 4825 W Oakdale Ave-a fully renovated, income-generating legal 2-flat with an additional garden unit, ideally situated on an oversized 40' x 125' lot in Chicago's East Belmont Cragin neighborhood. Whether you're an investor or an owner-occupant looking to minimize your mortgage payments, this property offers low maintenance costs and high rents with a CAP Rate over 8.75. Each unit has luxury condo quality finishes througtout! All units feature Oversized Living and Dining Room Combos with newer Hardwood Floors Thru-out, designer kitchens with white shaker cabinets, quartz counters, and stainless appliances. Units 1 and 2 offers three bedrooms and one renovated bathroom. The garden unit includes 4 bedrooms, 8' ceilings, and two private entrances! With all units rented for a total gross income of $7,108/month, this property will put money in your pocket from day 1. Property improvements from 2022 include a new tear-off roof (house & garage), new black energy-efficient windows, updated plumbing and electrical, three separate HVAC systems and water heaters, laundry room, new decks, 2-car garage, 4-car driveway, and a large backyard. This turn key investment is in the East Belmont Cragin/Avondale/Logan Square neighborhoods. Just minutes to the highway, public transportation and great shops and restaurants. **Owner is in the process of having the property rezoned to a 3-flat with the alderman/city. The lawyer for the rezoning has been paid up front and will continue the process with the new owner. Architectural drawings have also been completed and will be included with the sale**. Come Home!
Location
State IL
County Cook
Area Chi - Belmont Cragin
Zoning MULTI
Interior
Heating Natural Gas,Forced Air
Equipment CO Detectors,Sump Pump,Multiple Water Heaters
Exterior
Garage Spaces 2.0
Community Features Curbs,Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan,Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Falconer Elementary School
Middle Schools Falconer Elementary School
High Schools Foreman High School
School District 299 ,299, 299
Others
Special Listing Condition List Broker Must Accompany