Sold
544 E Oakwood Boulevard
Chicago IL, 60653
$2,350,000
Sold
Commercial
Built in 1908
Courtesy of Kiser Group Realty Inc
* Newer Windows, Plumbing, Individual HVAC's, Updated Units * One Block from New Mariano's Grocery Development * Self Managed by Current Owner for 25+ Years * Value-Add Opportunity Through Improved Management * Gross Income: $252,516 (with 5% vacancy) * NOI: $162,092 This 19-Unit building is located in the Bronzeville neighborhood of Chicago, minutes from downtown, and steps from Lake Michigan. Self-managed by the same owner for nearly 30 years, the property has been renovated and updated o is in fantastic shape. In Addition to updated units, the property has newer windows, new porches, individual HVAC's, updated plumbing, original marble common areas, and onsite laundry facility. The building features 16 spacious 2bd/1ba(1000 sf.) units, 3 huge 4bd/2ba(1800 sf.) units and 1 non-conforming unit currently leased in the basement. There are also 3 additional garden units that could potentially be renovated and added back to the total unit count. Due to the long term ownership, the current owner has not kept up with current rental trends. As such, rents are significantly below current market levels and could be raised substantially.
10431310
MLSⓇ ID
February 16, 2024
Updated
Map
544 E Oakwood Boulevard
Chicago IL, 60653
Other Property Details
Area Name
CHI - Grand Boulevard
Taxes
$22,266
Tax Frequency
Annually
Days on Market
224
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Kiser Group Realty Inc, Aaron Sklar,
Listing Contact: 773-293-5000
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Data last updated 12:54 AM UTC, 2/16/2024
