544 E Oakwood Boulevard
Chicago, IL, 60653
$3,995,000
Beds
0 Baths
SqFt
0 Acres
$3,995,000
544 E Oakwood Boulevard
Chicago, IL, 60653
MLS #MRD11906677 img 0MLS #MRD11906677 img 1MLS #MRD11906677 img 2MLS #MRD11906677 img 3MLS #MRD11906677 img 4MLS #MRD11906677 img 5MLS #MRD11906677 img 6MLS #MRD11906677 img 7MLS #MRD11906677 img 8
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

Property Details

Price:
$3,995,000
MLS #:
MRD11906677
Status:
Active
Beds:
0
Baths:
0
Address:
544 E Oakwood Boulevard
Type:
Commercial
City:
Chicago
Listed Date:
Oct 11, 2023
State:
IL
ZIP:
60653
Subdivision:
Lot Size:
Year Built:
1908

Schools

Interior

Exterior

Financial

Buyer Agent Compensation
1% MINUS $350 FEE. SEE BROKER PRIVATE REMARKS*Net Sale Price
Net Operating Income
$215,776
Tax Year
2022
Taxes
$40,385
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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544 E Oakwood Boulevard
Chicago, IL