Property Description

Chicago Real Estate Resources, Inc. (CRER) presents a rare opportunity to invest in a boutique five-unit apartment building located in desirable West Rogers Park neighborhood of Chicago. This property is situated on a huge 7,125 sf (57’ X 125′) site with a detached (3) car garage and two outdoor parking spaces. Each unit contains (2) bedrooms and (1) bathroom, one of the five units is located on the garden level. Each unit has its own separate (tenant paid) radiant heating system.

This highly desirable West Rogers Park location offers tenants’ easy access to public transportation restaurants, neighborhood shopping and the beach.

• Current cap rate 6.1%, potential value add cap rate 7.38%
• Roof replaced in 2002, full tear off and replacement
• New thermo-pain windows installed in 2000
• Immaculately maintained building
• Separate (tenant paid) radiant heating systems, one boiler for each unit
• (3) car garage and (2) outdoor parking spaces

Address Map
Address Location
US
IL
Chicago
60645
Oakley
7506
Avenue
Unit Mix Information
2+1
5
$1,125
Public Transportation
Howard Terminal
2 min
Rogers Park Station
4 min
1.30 mi
Evanston Main Street
4 min
1.50 mi
Chicago O'Hare
25 min
14.10 mi
Chicago Midway
25 mi
18.20 mi

7506 N Oakley Avenue, Chicago IL 60645

7506 Oakley Avenue, Chicago, Illinois 60645

5,025 Sqft
$599,000
Listing ID #1417
Property Details
Listing Type : For Sale Listing
Property Type : Multifamily
Price : $599,000
Listing ID : 1417
Zoning : RT-3.5
Cap Rate : 6.1% current, 7.38% value add
Building Size : 5,025 Sqft
No. Stories : 3
Year Built : 0
Lot Area : 7,125 Sqft
Parking Ratio : (3) garage (2) outdoor
APN / Parcel ID : 11-30-301-041
Property Documents
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