7129 N Oakley Ave Chicago, IL 60645
West Ridge NeighborhoodEstimated payment $9,322/month
Highlights
- Laundry Room
- Central Heating
- 4-minute walk to Lunt (Orrington, Stephen) Park
- Storage Room
About This Home
First time on the market since 1948, this family-owned and well-maintained 9-flat sits on an oversized lot and 4 garage spaces. The property features six spacious one-bedroom units-designed with layouts that live like two-bedrooms-along with three traditional two-bedroom units. Recent improvements include a newer boiler, roof inspection, tuckpointing, and lintel repairs, ensuring strong structural integrity and low maintenance needs. Current rents are below market, offering immediate value-add potential and room for income growth.
Listing Agent
Engel & Voelkers Chicago North Shore Brokerage Phone: (773) 617-7361 License #475123285 Listed on: 10/03/2025
Co-Listing Agent
Engel & Voelkers Chicago Brokerage Phone: (773) 617-7361 License #475144025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,216
Year Built
- Built in 1933
Lot Details
- 7,760 Sq Ft Lot
- Lot Dimensions are 40 x 194
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Storage Room
- Laundry Room
Utilities
- No Cooling
- Central Heating
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $569
- Fuel Expense $8,335
- Insurance Expense $6,801
- Maintenance Expense $7,333
- Trash Expense $3,368
- Water Sewer Expense $1,953
- Operating Expense $37,677
- Gross Income $100,068
- Net Operating Income $62,391
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2025 11/01/25 | Pending | -- | -- | -- |
| 10/03/2025 10/03/25 | For Sale | $1,599,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12392142
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