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Multifamily

244 S Marion St

244 S Marion St, Oak Park, IL 60302

Listing Price: $1,700,000

Cap Rate
4.99%
Number of Units
10
Occupancy
97.0%
Price/Unit
$170,000
Price/Gross SF
$219.35
Gross SF
7,750

Investment Overview

Marcus & Millichap is pleased to present 244-246 South Marion Street, a 10-unit apartment building located in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park’s unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce, make it an ideal location to own a rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. This property is conveniently located only a few blocks from the CTA Green Line Harlem/Lake Station and the Oak Park Metra Station (Union Pacific-West Line), allowing residents convenient access to and from the City of Chicago and numerous dining, nightlife and entertainment options. The subject property consists of six one-bedroom / one-bathroom units (approximately 725 square feet) and four two-bedroom / one-bathroom units (approximately 850 square feet). Units feature various finishes throughout. Select units feature hardwood floors, updated kitchens with wood cabinets, granite countertops and tile backsplash. On-site amenities include a laundry facility, two garage parking spaces and nine surface parking spaces that are included in rent. A new investor has the opportunity to acquire a well-maintained multifamily property in a strong Oak Park location.

Investment Highlights

  • First-Class Oak Park Location
  • Condo Quality Units
  • Potential Upside in Rent
  • On-Site Parking (Two Garage, Nine Surface)
  • Close Proximity to Downtown Oak Park, CTA and Metra Station

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

Multifamily

244 S Marion St

Listing Price: $1,700,000

Cap Rate
4.99%
Number of Units
10
Occupancy
97.0%
Price/Unit
$170,000
Price/Gross SF
$219.35
Gross SF
7,750

Investment Highlights

  • First-Class Oak Park Location
  • Condo Quality Units
  • Potential Upside in Rent
  • On-Site Parking (Two Garage, Nine Surface)
  • Close Proximity to Downtown Oak Park, CTA and Metra Station

Investment Overview

Marcus & Millichap is pleased to present 244-246 South Marion Street, a 10-unit apartment building located in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park’s unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce, make it an ideal location to own a rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. This property is conveniently located only a few blocks from the CTA Green Line Harlem/Lake Station and the Oak Park Metra Station (Union Pacific-West Line), allowing residents convenient access to and from the City of Chicago and numerous dining, nightlife and entertainment options. The subject property consists of six one-bedroom / one-bathroom units (approximately 725 square feet) and four two-bedroom / one-bathroom units (approximately 850 square feet). Units feature various finishes throughout. Select units feature hardwood floors, updated kitchens with wood cabinets, granite countertops and tile backsplash. On-site amenities include a laundry facility, two garage parking spaces and nine surface parking spaces that are included in rent. A new investor has the opportunity to acquire a well-maintained multifamily property in a strong Oak Park location.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

  • Jordan Callaway

    First Vice President Investments

    (630) 570-2156

    Email Jordan

    License(s): KY: 71434, IL: 471.020981

    Chicago Oak Brook

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