Investment Overview

Marcus & Millichap is pleased to present 1121 Westgate Street, a mixed-use property featuring five apartment units and one office space 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 four one-bedroom / one-bathroom units (approximately 630 to 700 square feet), one two-bedroom / two-bathroom unit (approximately 1,094 square feet), and one office space (approximately 5,000 square feet). Three out of five apartments feature renovated finishes and two units are new construction build outs with high-end finishes. The office space is located on the first floor and currently occupied by a medical tenant. The subject property is located in Downtown Oak Park, approximately two blocks south of Lake Street in a major retail corridor for the area. Tenants at the property are able to conveniently commute as the property is located within one block of the CTA Green Line Harlem/Lake station and Oak Park Metra station (Union Pacific West line). Additionally, 1121 Westgate Street is approximately one mile north of Interstate 290. A new investor has the rare opportunity to acquire a strong performing turn-key asset in an irreplaceable Downtown Oak Park location.