920 W Oakdale Ave - Apartments FOR SALE


Chicago, IL 60657- Lakeview
$16,300,000 USD
312-848-6682
920 W Oakdale Ave, Chicago, IL for Sale
$16,300,000 USD
Apartments - FOR SALE
1/26
null | 6.28% Cap Rate

920 W Oakdale Ave
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Centrally Located in One of Chicago's Best Neighborhoods
  • Fully Renovated in 2018 with New Building Systems and Unit Finishes
  • All Units Have Individual HVAC and In-Unit Laundry
  • On-Site Fitness Center
  • Approximately 6% Average Rent Growth in 2025

OVERVIEW

Interra Realty has been exclusively engaged to market 920 W. Oakdale Avenue, Chicago, for sale. The subject investment property is a rarely available, 31 unit courtyard multifamily asset in the heart of Chicago's Lakeview Neighborhood. The property was fully gut renovated in 2018. The renovation included all new systems, extensive envelope improvements, and modern unit finishes. All units feature individual HVAC and in-unit laundry equipment. Tenants also have access to an on-site fitness center. Ownership has renewed or relet over 85 percent of the rent roll and achieved 6.26% percent rent growth on average. With very limited new supply scheduled to be delivered in Lakeview in the coming years, the rent roll is poised to continue to see strong growth. A new investor has the rare opportunity to acquire a fully-renovated courtyard building in the desirable Lakeview neighborhood with a healthy and growing rent roll.

FOR SALE DETAILS

PRICE

$16,300,000 USD

PRICE/SF

$694 USD /SF

# OF UNITS

31

PRICE/UNIT

$525,806

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,795 SF

ZONING

RT-4

APN/PARCEL ID

14-29-217-016-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

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