Interra Realty is pleased to exclusively present 37 Harrison Street in Oak Park, Illinois for sale. The subject investment opportunity consists of a 36-unit apartment building approximately 8.5 miles west of the downtown Chicago Loop. The building is well-located within the highly desirable Oak Park Arts District and walking distance to the the Austin Blvd Blue Line. This location is close to downtown Oak Park, providing abundant amenities including retailer, grocery, and medical options.

The unit mix consists of 25 studios, 10 1Br/1Ba, and 1 2Br/1Ba apartments. 5 of the studio units have been renovated and receiving 20% rental increases and 2 of the 1Br/1Ba units have been renovated and receiving ~17% rental increases. The utilities are paid by the landlord with a ratio utility billing system (RUBS) in place. The building has seen recent capital improvements consisting of a 2 year old steam boiler, redone lobby and hallways, a new intercom (butterfly) system, all electric panels and service upgraded, and updated plumbing in remodeled units as well as main sewer line replacement.

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