1635 Oak Street
$495,000
11
8
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Description
Multiple offers received This all-brick 7-unit building is the perfect investment, ideally located within walking distance to public transportation, Heights Fresh Market, BMO Bank, the Chicago Heights Public Library, and City Hall. With over 6,000 square feet of space, the property is almost fully rented and delivers impressive cash flow with a Cap Rate of 13.8! The building offers a variety of units, including: 1 spacious 3-bedroom/2-bath apartment; 1 3-bedroom/1-bath apartment; and 5 cozy 1-bedroom...Multiple offers received This all-brick 7-unit building is the perfect investment, ideally located within walking distance to public transportation, Heights Fresh Market, BMO Bank, the Chicago Heights Public Library, and City Hall. With over 6,000 square feet of space, the property is almost fully rented and delivers impressive cash flow with a Cap Rate of 13.8! The building offers a variety of units, including: 1 spacious 3-bedroom/2-bath apartment; 1 3-bedroom/1-bath apartment; and 5 cozy 1-bedroom units. Many of the units feature charming vintage hardwood floors, with some offering upgraded kitchens and bathrooms. For additional income, there is also a coin-operated washer/dryer in place. The property has seen numerous updates, including: New roof, tuck pointing, New lentils on the front facade, New carpet in the common areas. 3 new furnaces and 2 new water heaters. Each unit has individual heat, and tenants are responsible for their own gas and electric. The basement offers ample storage space, currently unused. The property also offers rear parking for up to 6 cars. While the building is in excellent condition, it is being sold as-is. Don't miss out on this rare opportunity to own a well-maintained, high-performing property that promises strong returns and long-term growth!
- Listed by Matricia Jackson • Keller Williams Preferred Rlty
- Listed by Bretagne Ball • Keller Williams Preferred Realty
Property Details for 1635 Oak Street
Area
Chicago Heights
TownshipBloom
ZoningMULTI
LISTING UPDATED: 12/13/2024 03:44 PM
Property Details for 1635 Oak Street
Status | Active |
---|---|
MLS # | 12212225 |
Days on Market | 34 |
Taxes | $14,233 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1893 |
Lot Size | 0.21 AC / 9,264 SF |
County | Cook County |
Building Information for 1635 Oak Street
Stories2Residences7Year Built1893Building Size-Lot Size0.21 AC / 9,264 SF
Property Information for 1635 Oak Street
Property History for 1635 Oak Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1635 Oak Street
Taxable ValueLand$3,010Additions$19,529Total$22,539
Tax Record2022$14,246 ($1,187 / month)
Home Facts
Baths6Total Finished SqFt6,105 SqFtAbove Grade Finished SqFt6,105 SqFtStories2Lot Size9,264 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN32-20-421-013
Schools near 1635 Oak Street
This home is within Bloom Twp Hsd 206 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Washington-Mckinley Elementary School PublicPK to 5 | ||
Chicago Heights Middle School Public6 to 8 | ||
Bloom High School Public9 to 12 | ||
Dist 206 Alternative High School Public9 to 12 |
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.
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