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1900 West Oakdale Avenue

Chicago IL 60657

8
4
2
0.08 ac.
Multi-Family
Currently for sale - view listing

Overview

Rare opportunity to house hack in prime Lakeview with this well-maintained 4-unit building consisting of all two-bedroom, one-bathroom apartments. The owner's unit has been completely rehabbed and is ready for its next occupant, featuring high-end, condo-quality finishes, a brand-new kitchen and bathroom, a king-size bedroom, in-unit laundry, new high-end soft-close cabinetry, quartz countertops, and an elevated tile backsplash - creating the ideal setup for an owner-occupant looking to offset their mortgage. For investors, the owner's unit offers strong rental potential on its own, with projected rents of $3,200+ per month, leading to a projected cap rate of 7%. All units feature central heating and air conditioning. Three units have private outdoor space. Two units feature in-unit laundry with free common laundry in the basement for the others. The building sits on a south-facing corner lot, which provides an abundance of natural light as well as a wide building footprint that is evident in the large bedroom sizes. Additional features include a two-car garage and dedicated storage space for each unit, all located just steps from CTA transit, the Lakefront Trail, parks, restaurants, and everything Lakeview has to offer.

Features

8 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
0.08 ac. lot size
Multi-Family

Property history for 1900 West Oakdale Avenue

2022
Sold
$945,000
02 Mar 2022 by Stephen Rachman, of Marcus & Millichap Chicago Apartment Brokers
2011
Sold
$462,500
07 Oct 2011 by Michael Milstead, of S Hansen Realty Inc.

Happy sellers in Chicago

87%
87% of sellers in Chicago reported that their sale price either exceeded or met their price expectations.

Chicago stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Chicago over the last 12 months.

Local market activity for 8 bedroom multi families in Chicago

In the last 12 months, 11 eight-bedroom multi families similar to 1900 West Oakdale Avenue, have been sold.

This represents a 14% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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