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Multifamily

10231 Central Avenue

10231 Central Ave, Oak Lawn, IL 60453

Listing Price: $1,250,000

Cap Rate
5.49%
Number of Units
10
GRM
8.84
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$125.00
Gross SF
10,000

Investment Overview

Marcus & Millichap is pleased to present this 10-unit multifamily property located at 10231 Central Avenue in Oak Lawn, Illinois. Oak Lawn is a village in Cook County, located approximately 18 miles southwest of the downtown Chicago Loop, with convenient access to Interstates 57 and 294. Public transportation is readily available at the Chicago Ridge Metra Station, located approximately two miles west, and is locally served by PACE for transportation by bus. PACE bus stops are conveniently positioned along 103rd Street, just southeast of the building. For domestic and international travel purposes, Midway International Airport is approximately seven miles directly north of the asset.

The unit mix is comprised of all two-bedroom / one-and-one-half-bathroom units, measuring approximately 900 square feet each. The property features concrete construction, larger than average units, patios or balconies for each unit, an on-site laundry facility, ample off-street parking, and seven garages.

Positioned on Central Avenue, the building has high visibility to an average of 18,900 vehicles per day. Located between 95th Street, Cicero Avenue, and Ridgeland Avenue, the property is within close proximity to retail and dining options lining the streets. Chicago Ridge Mall and AMC Chicago Ridge 6 are just two miles northwest. The area is also surrounded by numerous recreational parks, golf courses, forest preserves, and nature trails. This investment offers an investor the opportunity to acquire a well-maintained asset in a highly visible Oak Lawn location.

Investment Highlights

  • All Two-Bedroom Units
  • Larger Than Average Units and Patios or Balconies for Each Unit
  • On-Site Laundry Facility
  • Ample Off-Street and Garage Parking
  • High Visibility to an Average of 18,900 Vehicles Per Day
  • Easy Access to Multiple Modes of Transportation

Exclusively Listed By

Listing Price: $1,250,000

Cap Rate
5.49%
Number of Units
10
GRM
8.84
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$125.00
Gross SF
10,000

Investment Highlights

  • All Two-Bedroom Units
  • Larger Than Average Units and Patios or Balconies for Each Unit
  • On-Site Laundry Facility
  • Ample Off-Street and Garage Parking
  • High Visibility to an Average of 18,900 Vehicles Per Day
  • Easy Access to Multiple Modes of Transportation

Investment Overview

Marcus & Millichap is pleased to present this 10-unit multifamily property located at 10231 Central Avenue in Oak Lawn, Illinois. Oak Lawn is a village in Cook County, located approximately 18 miles southwest of the downtown Chicago Loop, with convenient access to Interstates 57 and 294. Public transportation is readily available at the Chicago Ridge Metra Station, located approximately two miles west, and is locally served by PACE for transportation by bus. PACE bus stops are conveniently positioned along 103rd Street, just southeast of the building. For domestic and international travel purposes, Midway International Airport is approximately seven miles directly north of the asset.

The unit mix is comprised of all two-bedroom / one-and-one-half-bathroom units, measuring approximately 900 square feet each. The property features concrete construction, larger than average units, patios or balconies for each unit, an on-site laundry facility, ample off-street parking, and seven garages.

Positioned on Central Avenue, the building has high visibility to an average of 18,900 vehicles per day. Located between 95th Street, Cicero Avenue, and Ridgeland Avenue, the property is within close proximity to retail and dining options lining the streets. Chicago Ridge Mall and AMC Chicago Ridge 6 are just two miles northwest. The area is also surrounded by numerous recreational parks, golf courses, forest preserves, and nature trails. This investment offers an investor the opportunity to acquire a well-maintained asset in a highly visible Oak Lawn location.

Exclusively Listed By

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