4116 N Oakley Ave, Chicago, IL 60618

4116 N. Oakley was built in 1906 and features three gorgeous apartments with lots of natural light, an unfinished basement with laundry and storage closets for tenants, a fenced back yard, and a two-car garage that is fully insulated and heated. You have lots of options with this vintage beauty. Keep it as is and rent all three units. Live in one unit and rent the other two. Duplex the second and third floors. Duplex the first floor and basement. Or convert it to a very large single family home. The first floor has two bedrooms and one bathroom. It is mostly original with beautiful vintage doors, trim, built-ins and maple hardwood floors throughout. The second floor has three bedrooms and one bathroom. It was gut-rehabbed but retains the gorgeous original maple hardwood floors, and it has maple butcher block countertops to match. It has ethernet, cable, and speaker wire running to every room. The third floor is a really cool studio unit with one bathroom. It was gut-rehabbed and has cathedral ceilings, exposed cedar beams, and in-unit laundry. It only has one entry/exit but I have water and voting records from the '30s and '40s proving that it was a legal unit before 1957, which grandfathers it in as a legal unit today. The building is certified as a two-unit but it is in one of the neighborhoods where the city is encouraging people to create more apartments with their Additional Dwelling Units (ADU) Ordinance (https://www.chicago.gov/city/en/depts/doh/provdrs/homeowners/svcs/adu-ordinance.html), so it should be easy to get it certified as a three-unit if you want to. All units have an extra room in the back that makes a good office, etc. The rear stairs are accessed from those rooms. All units have central HVAC and their own electric and gas meters. There is a fourth electric meter for the common areas. The basement is mostly open space. There are two storage closets and coin-operated laundry for the first and second floors. The garage is fully insulated and has an overhead gas furnace. The property taxes are currently $12,669 per year. The neighborhood is super hot for young families because of Coonley school. And for almost anyone because of the proximity to Lincoln Square. And the explosion of single family homes in the area makes 4116 one of not many remaining buildings for renters to get into the neighborhood. It also makes street parking a snap.