Investment Overview

Marcus & Millichap is pleased to present 443 Des Plaines Avenue, a legal non-conforming six-unit apartment property located in Forest Park, Illinois. Forest Park is a suburb of Cook County, located approximately 10 miles west of the downtown Chicago Loop, with convenient access to Interstate 290, Public Transportation is readily available CTA Forest Park Blue Line Station, located one-half mile south, and the River Forest Metra Station (UP-W), located approximately one mile from the subject. The area is also locally served by CTA and Pace for transportation by bus. For international and domestic travel purposes, both O’Hare and Midway Airports are approximately 12 miles away from the asset. The subject property consists of one one-bedroom / one-bathroom garden unit (approximately 550 square feet), and four one-bedroom / one-bathroom units (approximately 850 to 1,000 square feet). The property also includes one legal non-conforming studio garden unit (approximately 450 square feet). Units feature select renovations including granite countertops, hardwood floors, and new kitchen cabinets. Other select unit features include a sun parlor, a fireplace, tall ceilings, and upgraded fixtures. On-site amenities include four surface parking spaces and a laundry area. Here, an investor has the opportunity to acquire an updated apartment property in a strong Forest Park rental market. There is an opportunity to increase cash flow by increasing below market rents.