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Multifamily

Six-Property Oak Park Portfolio

530 Highland Ave, Oak Park, IL 60304

Listing Price: $4,500,000

Cap Rate
6.01%
Number of Units
20
GRM
9.27
Occupancy
97.0%
Price/Unit
$225,000
Price/Gross SF
$185.34
Gross SF
24,280

Investment Overview

Marcus & Millichap is proud to present a portfolio comprised of six apartment buildings located in Oak Park, Illinois. This portfolio was hand selected over 25 years and consists of 20 units with a mix of eight one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, six three-bedroom/one-bathroom units and two three-bedroom/two-bathroom units. All buildings have modernized, vintage appeal and most feature garage or surface parking with a total of 12 garage spaces and 6 surface parking spaces. In 2013-2014 more than $45,000 was invested in energy efficiency updates including steam pipe insulation and LED lighting across the portfolio.
Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own 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 is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.

Investment Highlights

  • High-Quality Portfolio of Six Buildings - 20 Total Units
  • Well-Maintained Vintage Buildings with Parking
  • Highly Desirable Oak Park Locations
  • Accessible by Various Modes of Transportation
  • Portfolio Selectively Compiled Over 25 Years

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

Financing By

Multifamily

Six-Property Oak Park Portfolio

Listing Price: $4,500,000

Cap Rate
6.01%
Number of Units
20
GRM
9.27
Occupancy
97.0%
Price/Unit
$225,000
Price/Gross SF
$185.34
Gross SF
24,280

Investment Highlights

  • High-Quality Portfolio of Six Buildings - 20 Total Units
  • Well-Maintained Vintage Buildings with Parking
  • Highly Desirable Oak Park Locations
  • Accessible by Various Modes of Transportation
  • Portfolio Selectively Compiled Over 25 Years

Investment Overview

Marcus & Millichap is proud to present a portfolio comprised of six apartment buildings located in Oak Park, Illinois. This portfolio was hand selected over 25 years and consists of 20 units with a mix of eight one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, six three-bedroom/one-bathroom units and two three-bedroom/two-bathroom units. All buildings have modernized, vintage appeal and most feature garage or surface parking with a total of 12 garage spaces and 6 surface parking spaces. In 2013-2014 more than $45,000 was invested in energy efficiency updates including steam pipe insulation and LED lighting across the portfolio. Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own 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 is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.

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

Financing By

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