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$950,000
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Property Description
6-unit brick rental building located in the heart of the bustling West Ridge neighborhood. There are three front/West facing units, and three rear/East facing units. All units consist of 2-bedroom, 1-bathroom. Each unit offers a functional and open layout with hardwood floors throughout, a decorative fireplace/shelving, 2 good sized bedrooms/closets, kitchen with walk-in pantry, and a rear wooden outdoor deck. Additionally, each unit has window A/C units for air conditioning, and radiators for heat (boiler). Tenants are responsible for gas (cooking only) and electricity, and each unit is individually metered for both gas and electricity. The City of Chicago water is on a metered account. All rents are currently under-market; market rents for the area currently range between $1,500-$2,000 depending on Unit finishes/updates. These units do need a cosmetic refresh and some minor work to maximize rents. However, this is a highly desirable location which equals a strong rental market and low vacancies. There are tons of amazing restaurants / shopping nearby and the building is located just a few blocks from the expansive and beautiful West Ridge Nature Park. BUILDING MECHANICALS: New hot water tank installed in 2026. The roof and boiler have been well maintained and are in good shape. WASHER-AND-DRYER: The basement washer and dryer are not working. There is space currently for 2 washer/dryer setups, and room for more should Buyer choose to make a formal laundry room in basement. If not, tenants can conveniently use the newly updated laundromat directly across the street. PARKING: There is a small concrete parking pad at the rear of the building, with space for 2 small cars. AS-IS, WHERE-IS: This is an as-is, where-is sale. Prospective Buyers may conduct an inspection for informational purposes only. BRING YOUR INVESTORS BY TODAY, THIS WONDERFUL INCOME-PRODUCING OPPORTUNITY WILL NOT LAST LONG!
Full Property Details
Full Property Details for 6343 N Oakley Ave
General
- Sold For: $950,000
- Taxes: $16,055 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12649541
- Added to Site: 53 day(s) ago
Interior
- Fireplace: Yes
Location
- Area: CHI - West Ridge
- County: Cook
- Driving Directions: Western Avenue (South of Devon), to W. Rosemont Avenue, West to Oakley Avenue, North to Property
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished
- Stories/Levels: 3
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Sq. Ft.): 3,750
- Lot Dimensions: 30' x 125'
Financial Considerations
- Operating Expenses: $21,800
- Assessment Year: 1923
- Tax Amount: $16,055.53
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 14061020090000
Listed by Fulton Grace Realty
Sold by Property Economics, Inc.
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Schools
Schools serving 6343 N Oakley Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Armstrong G Elementary Intl Studies 2110 West Greenleaf Avenue, Chicago, IL 60645 | PK-2 | 0.9 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6343 N Oakley Ave
Date
Details
Price
Change
Source
7/22/2026
Sold
$950,000
-3.55%
MLS
5/30/2026
Listed
$985,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6343 N Oakley Avenue, Chicago, IL 60659 (MLS# 12649541) is a Commercial property that was sold at $950,000 on July 22, 2026. Want to learn more about 6343 N Oakley Avenue? Do you have questions about finding other Commercial real estate for sale in West Ridge? You can browse all West Ridge real estate or contact a Coldwell Banker agent to request more information.

