Property for Sale: 1635 Oak, Chicago Heights, IL 60411

$495,000
$495,000
1635 Oak, Chicago Heights, IL 60411
$495,000
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Price:
$495,000

Type Commercial
Year Built 1893

City Chicago Heights
County Cook

MLS 12212225
Status Active
*Multiple offers received* This all-brick 7-unit building is the perfect investment, ideally located within walking distance to public transportation, Heights Fresh Market, BMO Bank, the Chicago Heights Public Library, and City Hall. With over 6,000 square feet of space, the property is almost fully rented and delivers impressive cash flow with a Cap Rate of 13.8! The building offers a variety of units, including: 1 spacious 3-bedroom/2-bath apartment; 1 3-bedroom/1-bath apartment; and 5 cozy 1-bedroom units. Many of the units feature charming vintage hardwood floors, with some offering upgraded kitchens and bathrooms. For additional income, there is also a coin-operated washer/dryer in place. The property has seen numerous updates, including: New roof, tuck pointing, New lentils on the front facade, New carpet in the common areas. 3 new furnaces and 2 new water heaters. Each unit has individual heat, and tenants are responsible for their own gas and electric. The basement offers ample storage space, currently unused. The property also offers rear parking for up to 6 cars. While the building is in excellent condition, it is being sold as-is. Don't miss out on this rare opportunity to own a well-maintained, high-performing property that promises strong returns and long-term growth!

Lot & Building Features

Tax Year 2023
Lot Dimensions 50X185 ft

Price History of 1635 Oak, Chicago Heights, IL

Date Name Price Difference
12/31/1969 Listing Price $495,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of The Fitzpatrick Team
Listed by Keller Williams Preferred Rlty, Matricia Jackson & Bretagne Ball
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20%
1%
6.75%
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Monthly Payment
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Monthly HOA
Monthly Home Ins.
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1635 Oak (MLS #12212225) is a commercial listing located in Chicago Heights, IL. This property was listed on 11/21/2024 and has been priced for sale at $495,000.

Nearby zip codes are 60422, 60430, 60461, 60466 and 60475. This property neighbors other cities such as Flossmoor, Olympia Fields, Park Forest, South Chicago Heights and Steger.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Preferred Rlty