Skip to main content

Multifamily

Two-Property Oak Park Portfolio

329 S Scoville Ave, Oak Park, IL 60302

Listing Price: $2,325,000

Cap Rate
5.26%
Number of Units
8
GRM
10.98
Occupancy
97.0%
Price/Unit
$290,625
Price/Gross SF
$237.24
Gross SF
9,800

Investment Overview

Marcus & Millichap is proud to present a portfolio comprised of two apartment buildings located in Oak Park, Illinois. This portfolio was hand selected over 25 years and consists of 8 units with a mix of four one-bedroom / one-bathroom units, two two-bedroom / one-bathroom units, and two three-bedroom/ two-bathroom units. The buildings have modernized, vintage appeal and feature garage or surface parking with a total of six garage spaces and two surface parking spaces.
Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture,
upscale neighborhoods and commerce make it an ideal location to own rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago.
This is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture,
upscale neighborhoods and commerce make it an ideal location to own rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago.
This is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.

Investment Highlights

  • High-Quality Portfolio of Two Buildings - 8 Total Units
  • Well-Maintained Vintage Buildings with Parking
  • Highly Desirable Oak Park Location
  • On-Site Parking and Laundry
  • Accessible by Various Modes of Mass-Transit

Exclusively Listed By

Multifamily

Two-Property Oak Park Portfolio

Listing Price: $2,325,000

Cap Rate
5.26%
Number of Units
8
GRM
10.98
Occupancy
97.0%
Price/Unit
$290,625
Price/Gross SF
$237.24
Gross SF
9,800

Investment Highlights

  • High-Quality Portfolio of Two Buildings - 8 Total Units
  • Well-Maintained Vintage Buildings with Parking
  • Highly Desirable Oak Park Location
  • On-Site Parking and Laundry
  • Accessible by Various Modes of Mass-Transit

Investment Overview

Marcus & Millichap is proud to present a portfolio comprised of two apartment buildings located in Oak Park, Illinois. This portfolio was hand selected over 25 years and consists of 8 units with a mix of four one-bedroom / one-bathroom units, two two-bedroom / one-bathroom units, and two three-bedroom/ two-bathroom units. The buildings have modernized, vintage appeal and feature garage or surface parking with a total of six garage spaces and two surface parking spaces. Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. This is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. This is a unique opportunity for an investor to purchase a real estate business/portfolio of high quality, well-maintained buildings.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower