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409 S Maple Ave 11 Unit Apartment Building $2,319,208 CAD ($210,837 CAD/Unit) Oak Park, IL 60302
Investment Highlights
- Electric Baseboard Heat - Tenant Paid
- Great West Oak Park Location
- 11 Off-Street Parking Spaces
- One- and Two-Bedroom Layouts
- 5 Blocks from CTA Green Line and Downtown Oak Park
Executive Summary
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.
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.
Property Facts
| Price | $2,319,208 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $210,837 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 11 | Building Size | 8,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2005 |
| Zoning | R-7, Oak Park | ||
| Price | $2,319,208 CAD |
| Price Per Unit | $210,837 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 8,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2005 |
| Zoning | R-7, Oak Park |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 5 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $145,942 CAD | |
| Land Assessment | $17,185 CAD | Total Assessment | $163,127 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$17,185 CAD
Improvements Assessment
$145,942 CAD
Total Assessment
$163,127 CAD
(312) 724-7011
x426
Contacts
-
Patrick Kennelly -
Paul Waterloo -
Nathan Zito -
Andrew Stassi -
Interra Realty
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409 S Maple Ave
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