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.
Room Features
Basement DescriptionPartially Finished
Lot & Building Features
ConstructionBrick
CoolingWall Sleeve
Tax Year2023
Lot Dimensions0.14 ft
Price History of 1028 Austin, Oak Park, IL
Date
Name
Price
Difference
12/31/1969
Listing Price
$850,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1028 Austin (MLS #12269765) is a commercial listing located in Oak Park, IL.
This is a commercial listing with a lot of 6,098 sqft (or 0.14 acres). This property was listed on 01/13/2025 and has been priced for sale at $850,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: B2B Investment Properties LLC