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Multifamily

922 North Boulevard Apartments

922 North Blvd, Oak Park, IL 60301

Listing Price: $16,500,000

Cap Rate
6.65%
Number of Units
56
GRM
10.11
Price/Unit
$294,643
Price/Gross SF
$224.15
Gross SF
73,612

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the heart of downtown Oak Park, Illinois. This 56-unit property consists of 28 One-Bedroom/One-Bath apartments and 28 Two- Bedroom/Two-Bath apartments. These spacious units feature floor-to-ceiling windows, private balconies, stainless-steel appliances, quartz countertops, and updated bathrooms. The asset underwent extensive renovation from 2021-2023. Improvements include but are not limited to the modernizing of all units, addition of a new rooftop terrace, fitness center, two saunas, remodeled common areas, and replacement of numerous mechanical systems.
922 North Boulevard is situated in the middle of Oak Park’s bustling downtown area and just steps from countless major retailers, grocery stores, restaurants, and cultural attractions. Oak Park residents also enjoy a seamless commute to and from downtown Chicago, with both Metra and CTA train stops less than two blocks away. For those commuting by car, Interstate 290 provides a direct 8-mile route into the city as well.
With its favorable demographics, strong economic fundamentals, and strategic location, this submarket is primed for continued rent growth and organic appreciation. Whether seeking long term stability or rapid rent growth potential, investors can capitalize on Oak Park’s dynamic real estate market and position themselves for success in one of the Chicago area’s most desirable communities.

Investment Highlights

  • LOCATED IN THE HEART OF DOWNTOWN OAK PARK
  • UNDERWENT COMPREHENSIVE RENOVATION 2021-2023
  • HIGH-END APARTMENTS AND AMENITIES
  • SPACIOUS ONE AND TWO-BEDROOM UNITS
  • WITHIN WALKING DISTANCE OF METRA AND CTA TRAIN STOPS

Exclusively Listed By

Financing By

Multifamily

922 North Boulevard Apartments

Listing Price: $16,500,000

Cap Rate
6.65%
Number of Units
56
GRM
10.11
Price/Unit
$294,643
Price/Gross SF
$224.15
Gross SF
73,612

Investment Highlights

  • LOCATED IN THE HEART OF DOWNTOWN OAK PARK
  • UNDERWENT COMPREHENSIVE RENOVATION 2021-2023
  • HIGH-END APARTMENTS AND AMENITIES
  • SPACIOUS ONE AND TWO-BEDROOM UNITS
  • WITHIN WALKING DISTANCE OF METRA AND CTA TRAIN STOPS

Investment Overview

Marcus & Millichap is pleased to present this multifamily opportunity in the heart of downtown Oak Park, Illinois. This 56-unit property consists of 28 One-Bedroom/One-Bath apartments and 28 Two- Bedroom/Two-Bath apartments. These spacious units feature floor-to-ceiling windows, private balconies, stainless-steel appliances, quartz countertops, and updated bathrooms. The asset underwent extensive renovation from 2021-2023. Improvements include but are not limited to the modernizing of all units, addition of a new rooftop terrace, fitness center, two saunas, remodeled common areas, and replacement of numerous mechanical systems. 922 North Boulevard is situated in the middle of Oak Park’s bustling downtown area and just steps from countless major retailers, grocery stores, restaurants, and cultural attractions. Oak Park residents also enjoy a seamless commute to and from downtown Chicago, with both Metra and CTA train stops less than two blocks away. For those commuting by car, Interstate 290 provides a direct 8-mile route into the city as well. With its favorable demographics, strong economic fundamentals, and strategic location, this submarket is primed for continued rent growth and organic appreciation. Whether seeking long term stability or rapid rent growth potential, investors can capitalize on Oak Park’s dynamic real estate market and position themselves for success in one of the Chicago area’s most desirable communities.

Exclusively Listed By

Financing By

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