2554 N Oak Park Ave

$800,000
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Montclare 4-unit apartment building offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Additional features: building-owned coin laundry and attached two-car brick garage. Current...Prime Montclare 4-unit apartment building offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Additional features: building-owned coin laundry and attached two-car brick garage. Current rents are well below market, creating a strong value-add opportunity through renovations, and rental increases. Excellent investment for long-term cash flow and appreciation in a stable neighborhood.

Property Details for 2554 North Oak Park Avenue

Area
CHI - Montclare
Township
Jefferson
Ownership
Condo
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 10/22/2025 03:05 PM

Property Details for 2554 North Oak Park Avenue

StatusContingent
MLS #12481759
Days on Market27
Taxes$6,544 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1926
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of: .

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Building Information for 2554 North Oak Park Avenue

Stories-Residences4Year Built1926Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$4,498 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,953

Property Taxes

$545

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2554 North Oak Park Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: On Site, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 5
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Partial, Daylight
  • Bedrooms Possible: 8
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25x125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Brick
  • General Information: None
  • North Coordinate: 2556
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2600
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $2,927.00
  • Insurance Expense: $3,111.00
  • Trash Expense: $3,111.00
  • Water Sewer Expense: $4,092.00
Unit 1
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: mtm
Unit 2
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: mtm
Unit 3
  • Unit Type Actual Rent: $1,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: mtm
Unit 4
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: mtm

Property History for 2554 North Oak Park Avenue

DateEvent & SourcePriceAppreciation
Oct 7, 2025

Contingent

MRED #12481759

Sep 26, 2025

Listed (Active)

MRED #12481759

$800,000
Oct 6, 2004

Sold (Public Record)

Public Record #144698741

$497,000
DateEvent & SourcePrice
10/07/2025

Contingent

MRED #12481759

09/26/2025

Listed (Active)

MRED #12481759

$800,000
10/06/2004

Sold (Public Record)

Public Record #144698741

$497,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2554 North Oak Park Avenue

Taxable ValueLand$9,527Additions$21,472Total$30,999
Tax Record2023$6,544 ($545 / month)
Home Facts
Baths4Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories2Lot Size3,811 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN13-30-323-020

Schools near 2554 North Oak Park Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - K to 8
Rating
School
Distance
Locke J Elementary School
PublicPK to 8

Steinmetz Academic Centre High School
Public9 to 12

Acero Chtr Roberto Clemente Cmps
CharterK to 8

CICS West Belden
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/22/2025 03:05 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.