6037 North Ave - Multi-Family FOR SALE


Oak Park, IL 60302
$8,600,000 USD
773-293-5046
6037 North Ave, Oak Park, IL for Sale
$8,600,000 USD
Multi-Family - FOR SALE
1/6
null | 6.23% Cap Rate

6037 North Ave
Oak Park, IL 60302


HIGHLIGHTS

  • 2022 condo-quality construction with 24 residences, spanning 3 buildings
  • 2 Bed / 2 Bath spacious apartments with twelve (12) garage and fifteen (15) exterior parking spaces
  • Professionally-designed units with high-end finishes, open concept floorplans, accent lighting, floating open shelving, stainless steel appliances
  • 1.2 Miles to Metra Galewood station, 2.1 miles to Ridgeland CTA Green Line station
  • 0.8 Miles to Taylor Park; 10 min drive to historic Downtown Oak Park

OVERVIEW

Kiser Group has been exclusively engaged to market for sale Oak Park Edge - 6031-37 W. North Ave., Oak Park, IL - a 24-unit 2022 new construction portfolio, comprised of condo-quality luxury residences. The portfolio includes three buildings, featuring (24) spacious 2 bed / 2 bath apartments with twelve (12) garage spots and fifteen (15) exterior parking spaces. Professionally-designed apartments feature modern electric fireplaces, high-end appliance packages, and large, spa-like bathrooms. Floorplans are modern, open concept with plenty of space for both entertaining and privacy. In-unit laundry coupled with individual HVAC systems for each unit enables ownership to operate efficiently and set-up for easy maintenance for years to come. New ownership can capitalize further by improving parking income and increasing rents ~8% to be in line with market. Located in Chicago’s Oak Park suburb, this opportunity is well-situated with easy access to public transportation with Metra (1.2 miles), CTA (2 miles) and almost equidistant to both O’hare and Midway airports. Investors are offered the opportunity to acquire a portfolio of high-quality, low-maintenance, stabilized residences in a core historic Chicago suburb.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

24

PRICE/UNIT

$358,333

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Park Edge

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-05-105-007-0000

ASK ABOUT THIS PROPERTY

Katie LeGrandKiser GroupMore Info
773-293-5046

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Katie LeGrandKiser GroupMore Info
773-293-5046

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