Exterior
multifamilyStudent Housingcommercial
3661 Oak Ave, Chicago, IL 60601
Description
Turnkey property with professional management in place. Ideal for investors seeking passive income.
Property Details
Building Size
88,490 SF
Lot Size
153,224 SF
Year Built
1975
Rent Roll
3/5 occupied| Unit | Tenant | Size (SF) | Status |
|---|---|---|---|
| Suite 100 | Verizon | 3,644 | Occupied |
| Suite 200 | FedEx Office | 2,135 | Occupied |
| Suite 300 | — | 894 | Vacant |
| Suite 400 | — | 3,829 | Vacant |
| Suite 500 | Jimmy John's | 3,611 | Occupied |
| Total | 14,113 |
For Sale
VerifiedAsking Price
$22,390,000
Net Operating Income
Pro Forma$1,947,930
Gross Income$2,727,102
Operating Expenses$779,172
Vacancy Rate3%
Cap Rate
8.7%
Occupancy: 94%
Listed by
David Park
developer
Last verified: 4/23/2026