Essex Realty Group, LLC has been exclusively engaged to market for sale 1118 N. Oakley Blvd., a six-unit multi-family property located in the heart of Chicago’s highly desirable Ukrainian Village neighborhood. The Property recently underwent a full renovation, providing a new owner with a turn-key investment opportunity. Lease-up occurred during the winter months. However, expirations are set for next Spring and Summer, allowing for maximization of renewal or new lease rates in season next year. In addition, there is one parking space and a rooftop deck with incredible views.

The Property’s unit mix is comprised of five (5) 2Bd/1Ba units and one (1) 3Bd/2Ba duplex-down unit. Additionally, the first-floor rear unit presents a compelling value-add opportunity to duplex down to convert the current 2Bd/1Ba into a 3Bd/2Ba. Each unit has modern finishes, including stainless steel appliances, in-unit laundry, tenant-paid HVAC, and updated bathrooms.

1118 N. Oakley Blvd. provides easy access to both the Western Avenue and Division Street bus lines. Located just one block from Division Street, this property offers prime access to the vibrant dining and retail corridor.

Ukrainian Village is a highly desirable neighborhood just west of Chicago’s West Town, celebrated for its historic brick architecture, tree-lined streets, and vibrant local character. The area provides excellent connectivity via Chicago Avenue and Division Street, with quick access to the Loop, Fulton Market, and the Illinois Medical District. Residents enjoy a walkable environment rich with independent restaurants, neighborhood cafes, and unique retail.

Demand for well-maintained rental housing remains strong, supported by a stable demographic profile and limited new multifamily development. The neighborhood attracts young professionals and long-term residents seeking urban convenience in a community-focused setting. Ukrainian Village continues to stand out as one of Chicago’s most compelling residential investment submarkets.

• Fully renovated in 2024 with modern finishes
• Unit mix: (5) 2Bd/1Ba and (1) 3Bd/2Ba duplex-down
• Value-add potential to create second 3Bd/2Ba duplex-down
• One parking space and rooftop deck with skyline views
• Steps from Division Street’s dining, retail, and nightlife