11
See all 11 photos
$800,000
Est. payment /mo
8 Beds
4 Baths
New
2554 N Oak Park AVE Chicago, IL 60707
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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12481759
Bedrooms 8
Year Built 1926
Annual Tax Amount $6,544
Tax Year 2023
Lot Dimensions 25x125
Property Sub-Type Condo
Property Description
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.
Location
State IL
County Cook
Area Chi - Montclare
Rooms
Basement Finished, Partial, Daylight
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Water Lake Michigan
Structure Type Brick
New Construction false
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Condo
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Adam Max of Compass
GET MORE INFORMATION
Chris Buckely
IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311
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