Chicago, IL 60659

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Description

Presented for sale is a 17-unit corner multi-family property located at 6305 N Oakley Ave and 2250 W Rosemont Ave in Chicago's desirable North Side neighborhood, West Rogers Park. The property has been family-owned and owner-operated for over 40 years, representing a rare opportunity to acquire a generational asset that has been carefully maintained with a long-term ownership mindset. The corner location property provides strong curb appeal and benefits from its position with excellent light exposure, in a desirable North Side neighborhood known for strong renter demand, access to public transportation, proximity to neighborhood retail, dining, and community amenities. Corner assets in this submarket are increasingly rare with limited new multi-family supply, adding long-term value and defensibility. This offering combines stable in-place cash flow, a strong neighborhood location, and meaningful upside through operational and rental optimization, making it well-suited for investors seeking a core-plus or long-term hold opportunity. Value-add and upside potential, this property offers clear pathways for value creation. Gradual rental growth creating 2-bedroom units from the 13 one-bedroom units and 4 two-bedroom units, coin laundry, and garage parking rental increasing rents to be aligned with market conditions. Operational efficiencies under professional management. Strategic capital improvements to enhance long-term performance. Investors benefit from acquiring an asset with proven stability while retaining flexibility to implement modernization strategies over time.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60659
• Year Built: 1926
• Stories: 3
• Units: 17 units
• Zoning: MULTI
• # Of Ranges: 17
• # Of Refrigs: 17
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: north/south on Western Ave to Rosemont Ave, 1-way east to property.
• Electric Expense: 2927
• Fuel Expense: 50448
• Gross Income: 270300
• Gross Rent Multiplier: 10.4
• Heat/Ventilation: Central Bldg Heat, Radiators
• Indoor Parking: 1-5 Spaces
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 13380
• Janitor Expense: 15350
• Main Type: Commercial Sale
• Maintenance Expense: 23750
• Operating Expense: 142455
• Other Expense: 4200
• Tax Annual Amount: 30427.9
• Tax Year: 2024
• Tenant Pays: Electricity
• Total Monthly Income: 22525
• Trash Expense: 18287
• Type Multi-Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
• Water Sewer Expense: 35590