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Multifamily

812 Carpenter Ave

812 Carpenter Ave, Oak Park, IL 60304

Listing Price: $1,000,000

Cap Rate
5.64%
Number of Units
6
GRM
8.69
Occupancy
97.0%
Price/Unit
$166,667
Price/Gross SF
$166.67
Gross SF
6,000

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 Chicagos downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Parks 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 powerwashed 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. Seven 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.

Investment Highlights

  • Strong Unit Mix of All Two-Bedroom Units
  • Seven Off-Site, Private Parking Spaces for Rent
  • Easy Access to Different Modes of Public Transportation
  • Close Proximity to Downtown Oak Park

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Listing Price: $1,000,000

Cap Rate
5.64%
Number of Units
6
GRM
8.69
Occupancy
97.0%
Price/Unit
$166,667
Price/Gross SF
$166.67
Gross SF
6,000

Investment Highlights

  • Strong Unit Mix of All Two-Bedroom Units
  • Seven Off-Site, Private Parking Spaces for Rent
  • Easy Access to Different Modes of Public Transportation
  • Close Proximity to Downtown Oak Park

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 Chicagos downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Parks 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 powerwashed 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. Seven 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.

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

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