1028 Oakley Boulevard, Near West Side, Chicago, Illinois 60612
$550,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1895 |
| Property Taxes: | $9,617 |
| Days On Market: | 1334 |
| Lot Size: | 0,00 |
Description
LOOKING FOR A REAL ESTATE INVESTMENT OPPORTUNITY IN A PRIME LOCATION? This 3-unit building is located in the historic Tri-Taylor neighborhood near the Illinois Medical District, University of Illinois, surrounded by top-rated schools, parks, shopping, and public transportation. However, the building needs some work to realize its full potential. This property offers the potential to generate significant rental income, especially considering that the family has lived and occupied the property for over 50 years, paying low rent. This sought after greystone building consists of 3 separate large units each pay their own utilities. All units feature living room, separate dining room, kitchen, bath and 2 units with 3 bedrooms and 1 unit with 2 bedrooms (once a 3 bedroom). Building with an enclosed back porch for additional storage. Located in a private cul-de-sac street. Also included is a 2 car garage. Despite the need for repairs, this 3-unit building has significant potential for the right investor or developer. With the right renovations and updates, this property could become a desirable rental property or a profitable investment. Its location in a residential area and proximity to public transportation make it an attractive prospect for anyone looking to invest in real estate. Property is being sold in "as is" condition.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1895 | |
| — | |
| Brick | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 11727579 | |
| 17183280320000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 May, 2023 | Sold | $550,000 | MRED MLS |
| 18 Mar, 2023 | Under contract | $550,000 | MRED MLS |
| 7 Mar, 2023 | Listed for sale | $550,000 | MRED MLS |
| 18 Mar, 2025 | Sold | $1,110,000 | MRED MLS |
| 17 Dec, 2024 | Under contract | $1,175,000 | MRED MLS |
| 10 Oct, 2024 | Listed for sale | $1,175,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Other Specifics
| 2 | |
| — | |
| Garage | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 25X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2023 | $9,617 |
| 2025 | $10,096 |
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Listing Provided By
RE/MAX 10
