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Multifamily

Oak Park & Forest Park Portfolio

935 South Blvd, Oak Park, IL 60302

Listing Price: $14,100,000

Cap Rate
5.76%
Number of Units
123
GRM
9.10
Price/Unit
$114,634
Price/Gross SF
$177.10
Gross SF
79,614

Investment Overview

Marcus & Millichap is pleased to present this 123-unit multifamily portfolio, built between 1915 and 1965, located in Oak Park and Forest Park, Illinois.

The five buildings are comprised of 19 studio / one-bathroom units, 96 one-bedroom / one-bathroom units and eight two-bedroom / one-bathroom units, measuring approximately, on average, 509, 656 and 832 square feet, respectively. The properties feature ample off-street parking, designated tenant storage, and on-site laundry facilities.

This investment offers an investor a value-add opportunity to acquire a rarely available portfolio from a long-term owner offering significant rental upside.

Investment Highlights

  • Five Property Portfolio: All Located Within a Five Mile Radius
  • Ample Off-Street Parking, Designated Tenant Storage, and On-Site Laundry Facilities
  • Value Add Opportunity through Renovation of Units and Significant Rental Upside
  • Close to Oak Park Metra Station and Forest Park CTA Blue Line Station
  • Near Oak Park and River Forest High School and Proviso East High School
  • Close Proximity to a Variety of Retail and Dining Options

Exclusively Listed By

Multifamily

Oak Park & Forest Park Portfolio

Listing Price: $14,100,000

Cap Rate
5.76%
Number of Units
123
GRM
9.10
Price/Unit
$114,634
Price/Gross SF
$177.10
Gross SF
79,614

Investment Highlights

  • Five Property Portfolio: All Located Within a Five Mile Radius
  • Ample Off-Street Parking, Designated Tenant Storage, and On-Site Laundry Facilities
  • Value Add Opportunity through Renovation of Units and Significant Rental Upside
  • Close to Oak Park Metra Station and Forest Park CTA Blue Line Station
  • Near Oak Park and River Forest High School and Proviso East High School
  • Close Proximity to a Variety of Retail and Dining Options

Investment Overview

Marcus & Millichap is pleased to present this 123-unit multifamily portfolio, built between 1915 and 1965, located in Oak Park and Forest Park, Illinois. The five buildings are comprised of 19 studio / one-bathroom units, 96 one-bedroom / one-bathroom units and eight two-bedroom / one-bathroom units, measuring approximately, on average, 509, 656 and 832 square feet, respectively. The properties feature ample off-street parking, designated tenant storage, and on-site laundry facilities. This investment offers an investor a value-add opportunity to acquire a rarely available portfolio from a long-term owner offering significant rental upside.

Exclusively Listed By

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