Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment building located at 812 Carpenter Avenue 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 is located two blocks from the CTA Oak Park Avenue Blue Line train station and the South Oak Park Downtown District shops and restaurants. The unit mix is comprised of six two-bedroom / one-bathroom units (approximately 1,000 square feet). All units feature hardwood floors, dining rooms, sun rooms, and dishwashers. Five out of the six units feature renovated bathrooms and all kitchens have been upgraded with dishwashers. Within the last 12 years, the exterior of the building has been tuckpointed and power washed as needed, windows have been replaced along with much of the plumbing and electrical, and the roof has been recoated approximately every three years. Within the last ten years, the hot water heater and boiler have been updated along with a new rear porch. Three private parking spaces are rented off-site throughout the neighborhood. This investment offers an investor the opportunity to acquire a well-maintained, stabilized property in a strong Oak Park rental market. A new investor has the potential for immediate cash-flow from day one.