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Multifamily

1028 N Austin Blvd

1028 N Austin Blvd, Oak Park, IL 60302

Listing Price: $1,000,000

Cap Rate
5.93%
Number of Units
6
Occupancy
95.0%
Price/Unit
$166,667
Price/Gross SF
$218.34
Gross SF
4,580

Investment Overview

Marcus & Millichap is pleased to present 1028 North Austin Boulevard, a six-unit, modern building located in Oak Park, Illinois. The subject property consists of two one-bedroom / one-bathroom garden units (approximately 650 square feet) and four two-bedroom / one-bathroom units (approximately 820 square feet). Over the last several years, all six units have been gut-renovated with newer bathroom vanities, subway tile surrounds, newer kitchen cabinetry, laminate countertops, subway tile backsplashes, and stainless steel GE appliance packages. Each unit has an eat-in kitchen and the units on the west side of the building feature a breakfast bar. The hardwood flooring has all been refinished and each unit contains a stackable GE washer and dryer. Throughout the building, the electrical has been upgraded and the units receive 400 amp service, in addition to all copper plumbing. Other improvements to the property include a renovated roof, all new windows, sidewalks and parking lot, which contains five income-generating spaces. This investment is an opportunity for a new investor to acquire a renovated multifamily property in a strong and desirable Oak Park rental market. Through continued strong management a new investor has the potential to achieve consistent cash flow and returns.

Investment Highlights

  • Renovated Apartment Units with In-Unit Washer and Dryer
  • Five Income-Generating Parking Spaces
  • New Electrical Service and Copper Plumbing
  • All New Windows
  • Renovated Roof, Sidewalks and Parking Lot

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Multifamily

1028 N Austin Blvd

Listing Price: $1,000,000

Cap Rate
5.93%
Number of Units
6
Occupancy
95.0%
Price/Unit
$166,667
Price/Gross SF
$218.34
Gross SF
4,580

Investment Highlights

  • Renovated Apartment Units with In-Unit Washer and Dryer
  • Five Income-Generating Parking Spaces
  • New Electrical Service and Copper Plumbing
  • All New Windows
  • Renovated Roof, Sidewalks and Parking Lot

Investment Overview

Marcus & Millichap is pleased to present 1028 North Austin Boulevard, a six-unit, modern building located in Oak Park, Illinois. The subject property consists of two one-bedroom / one-bathroom garden units (approximately 650 square feet) and four two-bedroom / one-bathroom units (approximately 820 square feet). Over the last several years, all six units have been gut-renovated with newer bathroom vanities, subway tile surrounds, newer kitchen cabinetry, laminate countertops, subway tile backsplashes, and stainless steel GE appliance packages. Each unit has an eat-in kitchen and the units on the west side of the building feature a breakfast bar. The hardwood flooring has all been refinished and each unit contains a stackable GE washer and dryer. Throughout the building, the electrical has been upgraded and the units receive 400 amp service, in addition to all copper plumbing. Other improvements to the property include a renovated roof, all new windows, sidewalks and parking lot, which contains five income-generating spaces. This investment is an opportunity for a new investor to acquire a renovated multifamily property in a strong and desirable Oak Park rental market. Through continued strong management a new investor has the potential to achieve consistent cash flow and returns.

Exclusively Listed By

  • Eric P. Bell

    Executive Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

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