Property Overview

Interra Realty has been exclusively engaged to market 426 Wesley Avenue, Oak Park, for sale. The subject investment property is an 11 unit multifamily asset. The property is brick and flexicore construction, and serviced by an elevator, which is rare in this submarket for a boutique building. A 12 car parking lot and common area laundry generate supplementary income.

The unit mix is comprised of one and two bedroom layouts. The units have been upgraded with most featuring granite countertops, stainless steel appliances, and cherry cabinets. The roof was replaced in 2013, the windows in 2009 and hot water heater in 2019. All of the plumbing is copper, and there is 400 AMP electrical service to the property (60 AMPs/unit).

Highlights

  • Vibrant and Affluent Oak Park Location Near Train and Downtown Oak Park
  • Solid Construction – Brick & Flexicore
  • Surface Parking Lot with 12 Spaces
  • Updated Units with Ability to Push Rents with Further Modernization

Key Details

Asking Price
$1,540,000
Number of Units
11
Building Size
~7350 NRSF
Cap Rate
6.3