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Image 1 - 4029 North Oakley Avenue, Chicago, IL 60618, USA - Duplex for sale
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Residential Income
4029 North Oakley Avenue, Chicago, IL 60618, USA

Residential Income

duplex for sale
50 views
Listed: 02/14/23

4029 North Oakley Avenue, Chicago, IL 60618, USA

7 Bed:
1 Bath:
Save
Price
$ 849,000

About This Duplex

A four (4) unit apartment property in a prime North Center Location (Coonley Elementary School District). Three legal units with an in-law garden unit. The Subject property consists of one (1) studio garden unit (in-law), two (2) 2 Bed/1 Bath units, and one (1) 3 Bed/2 Bath duplex-up coach house unit. Each unit features hardwood floors, laminate countertops, white and stainless-steel appliances, central heat and air-conditioning, on site laundry, and a common yard. The property has been professionally managed for the past 5+ years and has been under the same ownership for more than 35 years. An opportunity exists for an investor to legalize the garden unit through the city's ADU pilot program and/or to operate as-is while increasing rents to market.

Amenities

  • Take a stroll in your own garden Garden

Property Also Includes

  • Hardwood Floors
  • Fuel Heating Electric

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North Center Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.