Contacts

George Toscas

ACO Commercial

Property Details

Property Type Multi-Family
Property Size 8,715 SF
Units 5
Lot Size 0.12 Acre
Additional Rent Contact for pricing
Year Built 1887
Year Renovated 2022
Date Updated Dec 11, 2024

Oakley north of Blue Island Ave in Heart of ItalyACO Commercial is pleased to offer for sale, 2448-50 S. Oakley Avenue, a two-story 8,715 SF mixed-use building located in Chicago’s Pilsen Neighborhood. The property was originally constructed in 1887 and began extensive gut renovation in 2022, which has not been completed. The property has been placed in the possession of a court appointed receiver and will be sold by the receiver. The building is comprised of two floors and a basement: First Floor 5,100 SF of commercial space with a garage in a largely demolished state. The first -floor commercial was operated as a deli for decades before renovations began. The commercial kitchen hood and black iron are intact to accommodate food uses. Second Floor 3,700 SF demised into four apartment units in a nearly completed state. The apartment unit mix is as follows: (2) 3Bed/2Bath (2) 2Bed/1Bath The residential units feature high ceilings with recessed lighting, exposed masonry walls, vinyl floor surfaces, and quartz kitchens. Mechanical systems include individual HVAC, in-line hot water systems, and kitchen appliances. This offering presents an investor or user the chance to acquire a well-located property with a customizable ground floor, and largely completed residential units above, offered far below replacement cost.

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Highlights

Receivership Sale
B3-1 Zoning
5,100 SF Commercial with Black Iron and Garage
Four Apartments w/ NEW Interior Construction
Exposed Sandblasted Masonry Interior Walls
Chicago’s “Heart of Italy” Neighborhood
All Bids Subject to Court Approval

Getting around

81/100
Walk Score ®
63/100
Transit Score ®
56/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Heart of Italy
Zip Code 60608
Market Chicago

Points of Interest

Ashland

1.07 miles
Kedzie

1.25 miles
Central Park

1.70 miles
Halsted

1.82 miles
Halsted Street

2.08 miles
Uber Tent

2.49 miles
UIC-Halsted (Morgan Street)

2.56 miles
Kostner

2.61 miles
UIC-Halsted (Peoria Street)

2.63 miles
UIC-Halsted (Halsted Street)

2.71 miles

Marathon

0.13 miles
Shell

0.39 miles
BP

0.53 miles
Midwest

1.08 miles
Power Gas

1.09 miles
Exxon

1.20 miles
Mobil

1.21 miles
Pilot

1.22 miles
EVgo

1.50 miles
Blink

2.31 miles

Visitor Paerking

0.74 miles
Visitor Parking

0.92 miles
35th/Archer Park & Ride

1.20 miles
Lot W5

1.48 miles
Lot M

1.48 miles
Lot C4

1.54 miles
Lot B4

1.54 miles
Lot A4

1.56 miles

Benedictine Bed and Breakfast

1.68 miles
The Polo Inn

1.90 miles
Hyatt Place Chicago - Medical / University District

1.93 miles
Hyatt House Chicago - Medical / University District

1.95 miles
Courtyard by Marriott Chicago at Medical District / UIC

2.06 miles
Hotel Chicago West Loop

2.28 miles
Jaslin Hotel

2.55 miles
SpringHill Suites Chicago Chinatown

2.68 miles
Sonder Greektown

2.80 miles
Chicago Parthenon Hostel

2.80 miles

Fairplay Foods

0.36 miles
Supermercado El Güero #8

0.40 miles
Workshop Apothecary

0.50 miles
Pete's Market

0.52 miles
ALDI

0.75 miles
Cermak Fresh Market

0.80 miles
Target

0.91 miles
La Providencia

0.92 miles
Ross

0.98 miles
Little Village Discount Mall

0.99 miles

In-Depth Research Available for this Property

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