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Multifamily

Oak Park Portfolio

409 S Maple Ave, Oak Park, IL 60302

Listing Price: $3,800,000

Cap Rate
4.81%
Number of Units
27
Price/Unit
$140,741
Price/Gross SF
$190.24
Gross SF
19,975

Investment Overview

Marcus & Millichap is pleased to present a two-building portfolio with 27 total units. 409 South Maple is an 11-unit apartment property, and 432-436 South Maple is a 16-unit apartment property, located on the same block in western Oak Park, Illinois. The combined unit mix is comprised of 15 one-bedroom / one-bathroom units, one renovated one-bedroom / one-bathroom unit, six two-bedroom / one-bathroom units, one renovated two-bedroom / one-bathroom garden unit, and four renovated two-bedroom / one-bathroom units, measuring approximately 625-750, 750, 725-900, 900, and 900 square feet, respectively. 409 South Maple Avenue features newer electric baseboard heating as well as off-street parking. 432-436 South Maple Avenue features storage spaces for tenant use. The properties both feature on-site laundry facilities. This investment offers a great opportunity to acquire two well-maintained assets in an affluent Oak Park location.

Investment Highlights

  • Several Renovated Units
  • On-Site Laundry Facilities
  • Newer Electric Baseboard Heating and Off-Street Parking at 409 Building
  • On-Site Storage at 432-436 Building
  • Walking Distance to CTA and Metra Train Stations
  • One-Half Mile to Downtown Oak Park
  • Easy Access to Interstate 290

Exclusively Listed By

Multifamily

Oak Park Portfolio

Listing Price: $3,800,000

Cap Rate
4.81%
Number of Units
27
Price/Unit
$140,741
Price/Gross SF
$190.24
Gross SF
19,975

Investment Highlights

  • Several Renovated Units
  • On-Site Laundry Facilities
  • Newer Electric Baseboard Heating and Off-Street Parking at 409 Building
  • On-Site Storage at 432-436 Building
  • Walking Distance to CTA and Metra Train Stations
  • One-Half Mile to Downtown Oak Park
  • Easy Access to Interstate 290

Investment Overview

Marcus & Millichap is pleased to present a two-building portfolio with 27 total units. 409 South Maple is an 11-unit apartment property, and 432-436 South Maple is a 16-unit apartment property, located on the same block in western Oak Park, Illinois. The combined unit mix is comprised of 15 one-bedroom / one-bathroom units, one renovated one-bedroom / one-bathroom unit, six two-bedroom / one-bathroom units, one renovated two-bedroom / one-bathroom garden unit, and four renovated two-bedroom / one-bathroom units, measuring approximately 625-750, 750, 725-900, 900, and 900 square feet, respectively. 409 South Maple Avenue features newer electric baseboard heating as well as off-street parking. 432-436 South Maple Avenue features storage spaces for tenant use. The properties both feature on-site laundry facilities. This investment offers a great opportunity to acquire two well-maintained assets in an affluent Oak Park location.

Exclusively Listed By

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