1. Illinois
2. Chicago
3. 2554 N Oak Park Avenue

2554 N Oak Park Avenue, Chicago, IL 60707

• 8 beds |
• 4 baths

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.

Listing Status:

Active

Listing Office:

Compass : 847-361-3756

Listing Agent:

Adam Max : 847-361-3756

MLS ID:

12481759

Interior

• Basement: FinishedPartialDaylight
• Heating: Natural Gas

Exterior

• Parking: On SiteDetachedGarageParking spaces: 2

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 13303230200000

Utilities

• Water: Lake Michigan

Financial

• Source: mred
• Ownership: Condo

This listing courtesy of Adam Max, Compass