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1116 Washington Blvd
Oak Park, IL 60302
Multifamily Property For Sale
·
55 Units
PROPERTY FACTS
| No. Units | 55 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 28,155 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built/Renovated | 1929/2015 |
| Zoning | R-5, Oak Park | ||
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 28,155 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built/Renovated | 1929/2015 |
| Zoning | R-5, Oak Park |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Intercom
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Property Manager on Site
- Elevator
- Health Club Discount
- Maintenance on site
ABOUT 1116 WASHINGTON BLVD , OAK PARK, IL 60302
Essex Realty Group, Inc. is proud to exclusively market for sale the ReVerb Oak Park located at 1116 Washington Blvd. in the vibrant Village of Oak Park. The 55-unit courtyard style building is comprised of twelve (12) studios, forty-one (41) 1Bd/1Ba units, and two (2) 2Bd units. The Property was fully gut-renovated in 2016. The renovation included new 2,000 amp electric service, individual unit water submeters, in-unit hot water heaters, new plumbing system, new roof, and updates to the hallways and common areas. In total, current ownership has invested over $2 million in unit interiors, common areas, and exterior improvements since 2015. All units were updated with new drywall, refinished hardwood or new engineered hardwood floors, S/S appliances, granite countertops, new espresso cabinetry, new bathroom vanities and tile surrounds. ReVerb Oak Park is conveniently located just 0.18 miles south of the Harlem/Lake Green Line CTA and Oak Park UP-W Metra stations, providing easy access throughout the city and suburbs. The Property is also within close proximity to nearby retail, entertainment attractions, and major employers including Rush Oak Park Hospital.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 475 |
| 1+1 | 41 | - | 550 - 700 |
| 2+1 | 1 | - | 1,000 |
| 2+2 | 1 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 16-07-315-022-0000 | Improvements Assessment | $293,462 |
| Land Assessment | $25,500 | Total Assessment | $318,962 |
PROPERTY TAXES
