Investment Overview

Marcus & Millichap is pleased to present 1135 South Oak Park Avenue, a five unit apartment property located in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s downtown 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 rental property. The subject property consists of two one-bedroom / one-bathroom units (approximately 700 square feet), two two-bedroom / one-bathroom units (approximately 975 square feet), and one two-story, two-bedroom / two-bathroom unit (approximately 1,500 square feet). The units are in well kept condition and feature large layouts. Landlord is responsible for cold water, trash, and common area utilities. Tenants are responsible for heat, hot water, and electric as there are individual boilers and hot water heaters for each unit. The property features five parking spaces and coin operated laundry. Here, a new investor has the opportunity to acquire a well maintained property in a strong Oak Park rental market with upside in rents.