1224 West Oakdale Avenue

Chicago, IL 60657

$1,400,000
Price
9
Beds
6
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The subject opportunity is a four-unit apartment building in the heart of Chicago's Lakeview Neighborhood. The property consists of two 2BD/1BA apartments, one 2BD/2BA apartment and one triplex apartment featuring 3BD's and 2.5BA's. Each apartment features various finish levels but each apartment has in-unit laundry, individual hot-water heaters, and individual HVAC. The siding, roof, and garage have all been completely replaced within the past year as well.The subject opportunity is a four-unit apartment building in the heart of Chicago's Lakeview Neighborhood. The property consists of two 2BD/1BA apartments, one 2BD/2BA apartment and one triplex apartment featuring 3BD's and 2.5BA's. Each apartment features various finish levels but each apartment has in-unit laundry, individual hot-water heaters, and individual HVAC. The siding, roof, and garage have all been completely replaced within the past year as well.
  1. Listed by Melissa Morgan • Flats, LLC

Property Details for 1224 West Oakdale Avenue

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Electric, Forced Air
LISTING UPDATED: 09/16/2024 12:07 AM

Property Details for 1224 West Oakdale Avenue

StatusActive
MLS #12159981
Days on Market10
Taxes$19,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1899
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 1224 West Oakdale Avenue

Stories-Residences4Year Built1899Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 1224 West Oakdale Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 9
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 6
  • # Half Baths in Building: 1
  • Num of Baths: 6.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 125X25
  • Total # Units in Building: 4
  • Waterfront: No
  • Exterior Building Type: Frame
  • General Information: None
  • North Coordinate: 41
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 87
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 19
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $250.00
  • Fuel Expense: $.00
  • Gross Income: $122,965.00
  • Insurance Expense: $2,225.00
  • Maintenance Expense: $1,000.00
  • Manager Expense: $6,148.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Manager Expense Source: BP
  • Other Addl Income: Parking Space/s
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Trash Expense Year: 2023
  • Water Expense Source: Actual
  • Net Operating Income: $88,600.00
  • Professional Management Expense: $1,200.00
  • Trash Expense: $456.00
  • Water Sewer Expense: $1,831.00
  • Other Expenses $: 0
Unit 1
  • Unit Type Actual Rent: $3,800.00
  • Unit Type Baths Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 06/25
Unit 2
  • Unit Type Actual Rent: $1,999.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/25
Unit 3
  • Unit Type Actual Rent: $2,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/25
Unit 4
  • Unit Type Actual Rent: $2,135.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 05/25

Property History for 1224 West Oakdale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1224 West Oakdale Avenue

Taxable ValueLand$53,375Additions$42,625Total$96,000
Tax Record2022$19,745 ($1,645 / month)
Home Facts
Baths6Total Finished SqFt3,938 SqFtAbove Grade Finished SqFt3,938 SqFtStories2Lot Size3,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1901CountyCOOKAPN14-29-119-027

Schools near 1224 West Oakdale Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
Harriet Tubman Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Inter-American Elementary Magnet School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1224 West Oakdale Avenue is a multi-family home for sale in Chicago, IL 60657. This property was listed for sale on September 10, 2024 by Flats, LLC, it's currently listed at $1,400,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Harriet Tubman Elementary School, Lincoln Park High School and Hawthorne Elementary Scholastic Academy. 1224 West Oakdale Avenue is a 9-bed, 6.5-bath, multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Flats, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/16/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.