Property Overview

Interra Realty has been exclusively engaged to market 428 Washington Boulevard, Oak Park for sale. The nine (9) unit walk-up building is located in the highly desirable area of west Oak Park at the corner of Washington Boulevard and Elmwood Avenue. The attractive unit mix consists of four (4) one-bedroom apartments and five (5) two-bedroom apartments.

The property features an intercom system and secured entrances. Other common elements include 12 parking spaces and an on-site laundry room. The building is heated through hot water baseboard heat and is cooled through window sleeve units. The boiler systems features R&D controls.

The property has been meticulously maintained and improved through the course of ownership. This investment offers a new owner strong in-place cash flow, with the opportunity, to increase rents as-is and realize a strong return with low historical vacancy.

Highlights

  • Well Maintained and Improved Property
  • Vibrant Oak Park Location Near Train and Downtown Oak Park
  • Surface Parking Lot with 12 Spaces
  • Ability to Push Rents with Many Long Term Tenants
  • Onsite Laundry & Intercom System

Key Details

Asking Price
$1,300,000
Number of Units
9
Lot Size
8,550 SF
Building Size
6,925 SF
Cap Rate
6.31%