1635 Oak Street

Chicago Heights, IL 60411

$495,000
Price
11
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by Matricia Jackson • Keller Williams Preferred Rlty
  2. Listed by Bretagne Ball • Keller Williams Preferred Realty

Property Details for 1635 Oak Street

Area
Chicago Heights
Township
Bloom
Zoning
MULTI
LISTING UPDATED: 11/21/2024 04:15 PM

Property Details for 1635 Oak Street

StatusNew
MLS #12212225
Days on Market3
Taxes$14,233 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1893
Lot Size0.21 AC / 9,264 SF
CountyCook County

Building Information for 1635 Oak Street

Stories2Residences7Year Built1893Building Size-Lot Size0.21 AC / 9,264 SF

Property Information for 1635 Oak Street

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air
  • Num of Baths: 8.0
Utilities / Equipment
  • Utilities: Water to Site
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X185
  • Lot Size Square Feet: 9264.0
  • Stories: 2
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-11-21T22:11:55
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $45.00
  • Fuel Expense: $.00
  • Gross Income: $87,252.00
  • Gross Scheduled Income: $87,252.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Total Annual Expense Source: Actual
  • Janitor Expense: 50
  • Trash Expense Source: Actual
  • Total Monthly Income: 7271
  • Water Expense Source: Actual
  • Net Operating Income: $68,458.00
  • Operating Expense: $4,560.00
  • Other Expense: $.00
  • Trash Expense: $85.00
  • Water Sewer Expense: $200.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1635 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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1635 Oak Street is a multi-family home for sale in Chicago Heights, IL 60411. This property was listed for sale on November 21, 2024 by Keller Williams Preferred Rlty, it's currently listed at $495,000. It has been on the market for a total of 3 days and was last sold on August 8, 2022. This listing's school districts are Bloom Twp Hsd 206 School District, Chicago Heights School District 170. Nearby schools include Washington-Mckinley Elementary School, Chicago Heights Middle School and Bloom High School. 1635 Oak Street is a 11-bed, 8-bath, multi-family home built in 1893.

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 Keller Williams Preferred Rlty; Keller Williams Preferred Realty

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 11/21/2024 04:15 PM. 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.