Just Closed | 19 Unit Multi-family Building | Oak Park


1151 South Oak Park Avenue, a 19-unit multi-family asset in Oak Park.  James Clough and Joe Smazal led a three-week marketing campaign that resulted in five written offers for the Oak Park property which traded for more than the list price, and closed in less than 60 days after contract execution. The sellers owned the property for more than 30 years and kept it well-maintained.  The property included a mix of studio and one-bedroom layouts and also featured vintage characteristics throughout. “This transaction is a testament to the demand for core inventory in strong Chicagoland locations,” said Clough. “We experienced activity from local Oak Park buyers and buyers who traditionally own real estate in Chicago and have broadened their investment criteria as available, quality inventory has tightened in that market.”