2554 N Oak Park Avenue Chicago IL 60707 MLS #MRD12481759

MLS #MRD12481759 image #0
Prime Montclare 4-unit apartment building 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. 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. 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.

Property Details

Price:
$800,000
MLS #:
MRD12481759
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chimontclare
Listed Date:
Sep 26, 2025
Year Built:
1926
Chi – MontclareChimontclare

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
On Site, Detached, Garage
Parking Spots
2

Financial

Tax Year
2023
Taxes
$6,544

Listing Agent & Office

Adam Max
Compass

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