Address
544 E Oakwood Boulevard, Chicago, IL
Price
$ 3,995,000
Property Attributes
  • MLS#11906677
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Grand Boulevard
  • Zip60653
  • Style
  • Year Built1908
  • Taxes$ 40385
  • Price$ 3,995,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

544 E. Oakwood Blvd is a beautiful nineteen (19) unit building in the coveted Bronzeville neighborhood of Chicago. Just minutes from downtown, and steps from Lake Michigan. 544 E. Oakwood is an ideally located building for any investor. 544 E. Oakwood is conveniently comprised of sixteen (16) 2Bd/1Ba units, two (2) 3Bd/2Ba units, and one (1) 4Bd/2Ba unit. All of which feature spacious layouts, individual HVAC, and hardwood flooring throughout. There are also four (4) additional garden units that could potentially be renovated and added back to the total unit count. The building has been meticulously maintained and updated over the years resulting in its fantastic shape. Improvements to building include, but are not limited to, newer windows, new porches, updated plumbing, silver coated roof, original marble common areas, onsite laundry facility, and many other stunning attributes. 544 E. Oakwood offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one the South Side's most sought after and developing neighborhoods. Additionally, an investor has the option to assume the existing fixed rate debt (terms below) through Freddie Mac. ASSUMABLE FINANCING: Buyer has the option to assume the current loan, approximate terms are: - $2,580,000 - 3.53% Rate w/ 2 Years I/O Remaining - 9 Years Remaining

Price History
11/7/2023 Listed $3,995,000

General Features

Year Built 1908
Tenant Pays Electricity,Heat
Stories 3
Tax Year 2022
Gross Income 335880
County Cook
Net Operating Income 215776
Operating Expense 112107
Insurance Expense 9943
Property Type Commercial Sale
MaintenanceExpense 8075
Status Active
Directions From Oakwood & Cottage Grove head West on Oakwood to listing
City Chicago
Total Units 19
MLS Area CHI - Grand Boulevard
Street Name Oakwood
Tax Annual Amount 40385
Electric Expense 1582
Fuel Expense 2651
Trash Expense 6591
Water Sewer Expense 18091
Additional Parcels Y/N No
Days on Market 30
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Boulevard

Exterior Features

Lot Dimensions 71' X 170'

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60653

Price
AVG $1.41M
$4M
Taxes
AVG $12,415
$40,385
Visits
AVG 54
278
Data Provided by Inside Real Estate®
Year Built
AVG 1951
1908
Walkscore
AVG 77
72
Data Provided by Walkscore® not using MLS data