Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 2554 N. Oak Park Ave. (the “Property”), a four-unit multi-family building located in the Montclare neighborhood of Chicago. The property has been under the same passive ownership for over 20 years with long-term tenants and rents that remain well below market value.

The unit mix consists of four (4) spacious 2 Bed / 1 Bath apartments, each featuring hardwood floors, decorative fireplaces, and a separate formal dining room. Kitchens and bathrooms have been moderately updated with wood cabinetry, white appliances, and laminate countertops.

Key property features include separately metered electric for the above-grade units with a 200 AMP main service, a mix of copper and galvanized plumbing, vinyl windows replaced within the last 15 years, a flat roof with a new layer applied within the last 10 years, and a GE hot water heater installed in 2010. Heating is provided by four (4) gas-forced furnaces. Each second-floor apartment is served by its own furnace, with tenants responsible for their own heat and cooking gas.

The property includes building-owned coin-operated laundry in the basement and an attached two-car brick garage which offer additional income potential.

The current rents are significantly undervalued and offer multiple investment strategies. A new buyer can capitalize by operating the building as-is while bringing current rents to market. Additionally, there is significant upside by updating the apartment finishes to yield top of market rents. This is a great opportunity for investors seeking cash flow and appreciation as well as for owner-users looking to offset living expenses with rental income.