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Discover this expansive 4,508 sq. ft. all-brick, 5 unit mid-century multifamily property with 5 dedicated parking spaces in the vibrant community of Oak Park,Illinois. This well-maintained, located on 2 lots solid all brick building features a diverse unit mix, including two 1-bedroom, 1-bath units (approximately 700 sq. ft. each), two 2 bedroom, 1-bath units (approximately 975 sq. ft. each), and a unique two-story, 2-bedroom, 2-bath unit (approximately 1,500 sq. ft.), which is duplexed with an interior spiral staircase-offering the space of two combined one-bedroom units. Each unit boasts generous living space, hardwood floors, wood cabinetry, ceramic bathrooms, eat-in kitchens with table spaces, and separate dining and living rooms. Tenants are responsible for their own gas, heat, hot water, electricity, and air conditioning, with individual boilers and water heaters per unit. The landlord's expenses are minimal, covering only cold water, trash, and common area utilities. Additional property amenities include a coin-operated washer and dryer owned by the landlord and rare to find on site parking. This is an excellent opportunity for investors to acquire a well-kept & well managed by long time owner property in Oak Park's thriving rental market, with potential for increased rents. Recent updates include a roof (about 7/8 years old) soffits & gutters (about 3 years old), and aluminum window trim (about 3 years). Conveniently located just 10 miles from downtown Chicago, Oak Park offers easy access to the Blue Line train and I-290 and is one of the most desirable suburbs, known for its diversity, community, world-renowned architecture, and upscale neighborhoods. Located within acclaimed Oak Park/Forest Park High School and about a block away from Lincoln Elementary. Walking distance to bus stop, numerous restaurants, retail, music hall, breweries, grocery stores, parks etc. Can't beat this amazing location! Fully rented with quality long-term tenants-an investment opportunity not to be missed! |
