1028 N Austin BLVD new Save Request In-Person Tour Request Virtual Tour
Oak Park,IL 60302
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,580 sqft
Price per Sqft $185
MLS Listing ID 12269765
Maintenance Fees $4,800
Year Built 1962
Annual Tax Amount $18,034
Tax Year 2023
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Description
A six-unit, modern building located in Oak Park, Illinois. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. 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. 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 owner has the potential to achieve consistent cash flow and returns.
Location
State IL
County Cook
Area Oak Park
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
Structure Type Brick