4825 W Oakdale Avenue, Chicago, Illinois 60641
- $773,200
- 10
- BD
- 3
- BA
- Sold Price
- $773,200
- List Price
- $799,900
- Closing Date
- Jul 21, 2025
- MLS#
- 12352409
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 10
- Bathrooms
- 3
- Gross Rental Income
- $7,108
- County
- Cook
- City
- Chicago
- Neighborhood
- Cragin
- Days On Market
- 12
Property Description
Welcome to 4825 W Oakdale Ave-a fully renovated, income-generating legal 2-flat with an additional garden unit, ideally situated on an oversized 40' x 125' lot in Chicago's East Belmont Cragin neighborhood. Whether you're an investor or an owner-occupant looking to minimize your mortgage payments, this property offers low maintenance costs and high rents with a CAP Rate over 8.75. Each unit has luxury condo quality finishes througtout! All units feature Oversized Living and Dining Room Combos with newer Hardwood Floors Thru-out, designer kitchens with white shaker cabinets, quartz counters, and stainless appliances. Units 1 and 2 offers three bedrooms and one renovated bathroom. The garden unit includes 4 bedrooms, 8' ceilings, and two private entrances! With all units rented for a total gross income of $7,108/month, this property will put money in your pocket from day 1. Property improvements from 2022 include a new tear-off roof (house & garage), new black energy-efficient windows, updated plumbing and electrical, three separate HVAC systems and water heaters, laundry room, new decks, 2-car garage, 4-car driveway, and a large backyard. This turn key investment is in the East Belmont Cragin/Avondale/Logan Square neighborhoods. Just minutes to the highway, public transportation and great shops and restaurants. **Owner is in the process of having the property rezoned to a 3-flat with the alderman/city. The lawyer for the rezoning has been paid up front and will continue the process with the new owner. Architectural drawings have also been completed and will be included with the sale**. Come Home!
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Additional Information
- School District
- 299
- Elementary School
- Falconer Elementary School
- Middle School
- Falconer Elementary School
- High School
- Foreman High School
- Corporate Limits
- Chicago
- Tax Year
- 2023
- Tax Amount
- $7,389
- Year Built
- 1925
- Lot Dimensions
- 40X125
- Lot Size Range
- Oversized Chicago Lot
- Units
- 3
- Garage Spaces
- 2
- Parking Spaces
- 6
- Parking Details
- Garage Door Opener, On Site, Garage Owned, Detached, Off Alley, Driveway, Owned, Garage
- Heating
- Natural Gas, Forced Air
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $7,108
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Selling Office: United Realty Group, Inc..
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