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Multifamily

722 N Austin Blvd

722 N Austin Blvd, Oak Park, IL 60302

Listing Price: $1,800,000

Cap Rate
5.16%
Number of Units
19
GRM
9.42
Occupancy
94.2%
Price/Unit
$94,737
Price/Gross SF
$156.32
Gross SF
11,515

Investment Overview

Marcus and Millichap is pleased to present 722 North Austin Boulevard, a 19-unit apartment building located in Oak Park, Illinois. Oak Park is approximately 10 miles west of Chicagos 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. This property is located approximately one-half mile to the CTA Green Line Austin Station and less than two miles to Interstate 290, providing tenants easy access to Downtown Chicago via train or car.

The subject property features 15 one-bedroom / one-bathroom units (approximately 503 to 633 square feet), three two-bedroom / one-bathroom units (approximately 700 square feet) and one two-bedroom / one-bathroom garden unit (approximately 700 square feet). The property also features four garage parking spaces.

Here, an investor has the opportunity to acquire a well-maintained apartment building in a strong Oak Park rental market.

Investment Highlights

  • Strong Oak Park Location
  • Well-Maintained Units
  • Upside in Rent
  • Garage Parking
  • Close Proximity to CTA Transportation and Interstate 290

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: $1,800,000

Cap Rate
5.16%
Number of Units
19
GRM
9.42
Occupancy
94.2%
Price/Unit
$94,737
Price/Gross SF
$156.32
Gross SF
11,515

Investment Highlights

  • Strong Oak Park Location
  • Well-Maintained Units
  • Upside in Rent
  • Garage Parking
  • Close Proximity to CTA Transportation and Interstate 290

Investment Overview

Marcus and Millichap is pleased to present 722 North Austin Boulevard, a 19-unit apartment building located in Oak Park, Illinois. Oak Park is approximately 10 miles west of Chicagos 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. This property is located approximately one-half mile to the CTA Green Line Austin Station and less than two miles to Interstate 290, providing tenants easy access to Downtown Chicago via train or car.

The subject property features 15 one-bedroom / one-bathroom units (approximately 503 to 633 square feet), three two-bedroom / one-bathroom units (approximately 700 square feet) and one two-bedroom / one-bathroom garden unit (approximately 700 square feet). The property also features four garage parking spaces.

Here, an investor has the opportunity to acquire a well-maintained apartment building in a strong Oak Park rental market.

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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