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Multifamily

134 S Kenilworth Ave

134 S Kenilworth Ave, Oak Park, IL 60302

Listing Price: $950,000

Cap Rate
5.07%
Number of Units
6
Occupancy
97.0%
Price/Unit
$158,333
Price/Gross SF
$196.89
Gross SF
4,825

Investment Overview

Marcus & Millichap is pleased to present 134 South Kenilworth Avenue, a vintage six-unit building located in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s 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 building is approximately two blocks east of Mills Park, approximately three blocks southwest of the CTA Green Line Oak Park station, three blocks southeast of the Metra Oak Park station (Union Pacific - West) and approximately five blocks south of downtown Oak Park along Lake Street. The subject property consists of two studio units (approximately 450 to 475 square feet), two one-bedroom/one-bathroom units (approximately 750 square feet), and two twobedroom/ one-bathroom units (approximately 950 to 1,450 square feet). On-site the property features three garage parking spaces and three surface parking spaces, a laundry room, and extra storage in basement. This investment is an opportunity for a new investor to acquire six units in an irreplaceable Oak Park location. Through unit renovation and rental increases, a new investor has the potential to achieve increased cash flows in a strong rental market.

Investment Highlights

  • Irreplaceable Oak Park Location
  • Well-Maintained Units
  • Private Outdoor Patio Space for Select Units
  • On-Site Garage and Surface Parking
  • Close Proximity to Green Line Station

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: $950,000

Cap Rate
5.07%
Number of Units
6
Occupancy
97.0%
Price/Unit
$158,333
Price/Gross SF
$196.89
Gross SF
4,825

Investment Highlights

  • Irreplaceable Oak Park Location
  • Well-Maintained Units
  • Private Outdoor Patio Space for Select Units
  • On-Site Garage and Surface Parking
  • Close Proximity to Green Line Station

Investment Overview

Marcus & Millichap is pleased to present 134 South Kenilworth Avenue, a vintage six-unit building located in Oak Park, Illinois. Oak Park is approximately 10 miles from Chicago’s 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 building is approximately two blocks east of Mills Park, approximately three blocks southwest of the CTA Green Line Oak Park station, three blocks southeast of the Metra Oak Park station (Union Pacific - West) and approximately five blocks south of downtown Oak Park along Lake Street. The subject property consists of two studio units (approximately 450 to 475 square feet), two one-bedroom/one-bathroom units (approximately 750 square feet), and two twobedroom/ one-bathroom units (approximately 950 to 1,450 square feet). On-site the property features three garage parking spaces and three surface parking spaces, a laundry room, and extra storage in basement. This investment is an opportunity for a new investor to acquire six units in an irreplaceable Oak Park location. Through unit renovation and rental increases, a new investor has the potential to achieve increased cash flows in a strong 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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