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$2,550,000
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Property Description
Presented for sale is a 17-unit corner multi-family property located at 6305 N Oakley Ave and 2250 W Rosemont Ave in Chicago's desirable North Side neighborhood, West Rogers Park. The property has been family-owned and owner-operated for over 40 years, representing a rare opportunity to acquire a generational asset that has been carefully maintained with a long-term ownership mindset. The corner location property provides strong curb appeal and benefits from its position with excellent light exposure, in a desirable North Side neighborhood known for strong renter demand, access to public transportation, proximity to neighborhood retail, dining, and community amenities. Corner assets in this submarket are increasingly rare with limited new multi-family supply, adding long-term value and defensibility. This offering combines stable in-place cash flow, a strong neighborhood location, and meaningful upside through operational and rental optimization, making it well-suited for investors seeking a core-plus or long-term hold opportunity. Value-add and upside potential, this property offers clear pathways for value creation. Gradual rental growth creating 2-bedroom units from the 13 one-bedroom units and 4 two-bedroom units, coin laundry, and garage parking rental increasing rents to be aligned with market conditions. Operational efficiencies under professional management. Strategic capital improvements to enhance long-term performance. Investors benefit from acquiring an asset with proven stability while retaining flexibility to implement modernization strategies over time.
Full Property Details
Full Property Details for MLS# 12561461
General
- Sold For: $2,550,000
- Taxes: $30,427 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12561461
Location
- Area: CHI - West Ridge
- County: Cook
- Driving Directions: north/south on Western Ave to Rosemont Ave, 1-way east to property.
Heating & Cooling
- Heating Type: Central Building Heat, Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1926
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 17
- Units w/Range/Oven: 17
Lot Features
- Lot Dimensions: 75 x 125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $142,455
- Assessment Year: 1926
- Tax Amount: $30,427.9
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 14061020200000
Listed by Century 21 S.G.R., Inc.
Sold by City Habitat Realty LLC
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Schools
Schools serving MLS# 12561461
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Armstrong G Elementary Intl Studies 2110 West Greenleaf Avenue, Chicago, IL 60645 | PK-2 | 1 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
MLS# 12561461, Chicago, IL 60659 (MLS# 12561461) is a Commercial property that was sold at $2,550,000 on April 29, 2026. Want to learn more about MLS# 12561461? 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.

