This Multifamily Property is no longer advertised on LoopNet.com.

1116 Washington Blvd
Oak Park, IL 60302
Multifamily Property For Sale · 55 Units

Investment Highlights

  • 55-unit renovated courtyard apartment building in desirable Oak Park location
  • Near a variety of local amenities and major employers including Rush Oak Park Hospital
  • Assumable mortgage balance of $5,525,596 with a 3.85% interest rate and 30-year amortization
  • Ownership has invested over $2 million in recent interior and exterior improvements
  • Located two blocks from Harlem/Lake Green Line CTA & Oak Park Metra Stations

Property Facts

No. Units 55
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
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

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 $1,070 -
1+1 41 $1,073 -
2+1 2 $1,428 -

Property Taxes

Property Taxes

Parcel Number
16-07-315-022-0000
Land Assessment
$25,500
Improvements Assessment
$293,462
Total Assessment
$318,962
  • Listing ID: 23960358

  • Date on Market: 8/23/2021

  • Last Updated:

  • Address: 1116 Washington Blvd, Oak Park, IL 60302

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