409 S Maple Ave - Apartments FOR SALE


Oak Park, IL 60302
$1,700,000 USD
312-724-7011
409 S Maple Ave, Oak Park, IL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

409 S Maple Ave
Oak Park, IL 60302


HIGHLIGHTS

  • Electric Baseboard Heat - Tenant Paid
  • One- and Two-Bedroom Layouts
  • Great West Oak Park Location
  • 5 Blocks from CTA Green Line and Downtown Oak Park
  • 11 Off-Street Parking Spaces

OVERVIEW

Interra Realty has been exclusively engaged to market for sale the multifamily property located at 409 South Maple Avenue in Oak Park, IL. The subject investment property is an 11-unit apartment building. The property is comprised of five (5) two-bedroom and six (6) one-bedroom units. All units have dishwashers and granite countertops. The building is heated through electric baseboard system and cooled through sleeve window units. There is on-site laundry and eleven (11) off-street parking spaces at the rear and South side of the property, which generate supplementary income. The property is of brick and flexicore construction. The property is approximately half a mile from the Oak Park Green Line Train Stop, and easily accessible via bus and I-290. Additionally, tenants benefit from having the amenities of downtown Oak Park within walking distance. A qualified investor has the opportunity to acquire a West Oak Park building and continue to modernize units to current trends and achieve rent in line with comparable properties.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

11

PRICE/UNIT

$154,545

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,202 SF

ZONING

R-7, Oak Park

APN/PARCEL ID

16-07-321-023-1000

ASK ABOUT THIS PROPERTY

Patrick KennellyInterra RealtyMore Info
312-724-7011

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Patrick KennellyInterra RealtyMore Info
312-724-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.