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Multifamily

5411-5421 W 159th Street

5411 W 159th St, Oak Forest, IL 60452

Listing Price: $690,000

Cap Rate
5.97%
Number of Units
6
GRM
8.04
Occupancy
95.0%
Price/Unit
$115,000
Price/Gross SF
$121.05
Gross SF
5,700

Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment property located at 5411-5421 West 159th Street in Oak Forest, Illinois. Oak Forest is a village in Cook County and is located approximately 24 miles southwest of the downtown Chicago Loop. The area provides direct access to Routes 6, 43, and 50, and Interstates 57 and 80. The subject property is approximately one and one-half miles west of the Oak Forest Metra station, and is conveniently serviced by PACE for transportation by bus. PACE bus stops are positioned along 159th Street, directly in front of the property. For domestic and international travel purposes, Midway International Airport is approximately 15 miles north of the asset.

The unit mix is comprised of six three-bedroom / one and one-half bathroom units measuring approximately 950 square feet each. The property features patios for each unit, in-unit laundry, and ample off-street parking.

The property is positioned on to Route 6 / 159th Street, the building has high visibility to an average of 26,900 vehicles per day, and easy access to numerous retail and dining options along the street. The neighborhood's Jewel-Osco, CVS, Starbucks, Meijer and Menards are all within two miles from the property. The area is also surrounded by recreational parks, nature preserves, country clubs, and golf courses. This investment offers an investor the opportunity to acquire a well-maintained, cash-flowing asset in a desirable Oak Forest location.

Investment Highlights

  • All Three-Bedroom Units
  • Each Unit Features a Patio and Individual Washer/Dryer
  • Ample Off-Street Parking
  • High Visibility Location
  • Easy Access to Multiple Modes of Transportation
  • Close Proximity to Retail and Dining Options Along 159th Street

Exclusively Listed By

Multifamily

5411-5421 W 159th Street

Listing Price: $690,000

Cap Rate
5.97%
Number of Units
6
GRM
8.04
Occupancy
95.0%
Price/Unit
$115,000
Price/Gross SF
$121.05
Gross SF
5,700

Investment Highlights

  • All Three-Bedroom Units
  • Each Unit Features a Patio and Individual Washer/Dryer
  • Ample Off-Street Parking
  • High Visibility Location
  • Easy Access to Multiple Modes of Transportation
  • Close Proximity to Retail and Dining Options Along 159th Street

Investment Overview

Marcus & Millichap is pleased to present a six-unit apartment property located at 5411-5421 West 159th Street in Oak Forest, Illinois. Oak Forest is a village in Cook County and is located approximately 24 miles southwest of the downtown Chicago Loop. The area provides direct access to Routes 6, 43, and 50, and Interstates 57 and 80. The subject property is approximately one and one-half miles west of the Oak Forest Metra station, and is conveniently serviced by PACE for transportation by bus. PACE bus stops are positioned along 159th Street, directly in front of the property. For domestic and international travel purposes, Midway International Airport is approximately 15 miles north of the asset.

The unit mix is comprised of six three-bedroom / one and one-half bathroom units measuring approximately 950 square feet each. The property features patios for each unit, in-unit laundry, and ample off-street parking.

The property is positioned on to Route 6 / 159th Street, the building has high visibility to an average of 26,900 vehicles per day, and easy access to numerous retail and dining options along the street. The neighborhood's Jewel-Osco, CVS, Starbucks, Meijer and Menards are all within two miles from the property. The area is also surrounded by recreational parks, nature preserves, country clubs, and golf courses. This investment offers an investor the opportunity to acquire a well-maintained, cash-flowing asset in a desirable Oak Forest location.

Exclusively Listed By

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