reVerb Oak Lawn
Interra Realty has been exclusively engaged to market 9301-9333 South Harlem Ave, Oak Lawn, "reVerb Oak Lawn" for sale. The subject investment properties are eighty-four (84) apartment units across three adjacent buildings. The properties are located near the Oak Lawn Park District and a plethora of retail amenities on both Harlem Avenue and 95th Street. Additionally, the location offers convenient access to I-294 and Metra's Southwest Service Line.
The apartment community features an attractive unit mix of forty-two (42) one-bedroom and forty-two (42) two-bedroom layouts. In 2017, the units and buildings underwent a complete gut rehabilitation with all apartments featuring in-unit washer/dryer, stainless steel appliances, granite countertops, laminate wood floors, keyless access technology, and individual gas forced air furnaces with A/C condensers. The recent building improvements consist of new electrical service, new plumbing, new roofs, and new surface parking lots for all buildings. The apartment community also features a beautiful courtyard with grilling patios and secured entrances with intercom system.
reVerb Oak Lawn presents investors with a rare opportunity to acquire renovated properties of scale in one of the most desirable Southwest Suburbs of Chicago.
- Complete Gut Rehab in 2017 With New Unit Finishes and Numerous Capital Improvements
- Immediate Economies of Scale in a Submarket with Strong Fundamentals
- Recent Average 7% Increases on Trade-Outs and 5% on Renewals
- Units Feature Condo Finishes with In-Unit Washer/ Dryer
- Individual HVAC & Individual Hot Water Tanks in Each Unit
- Convenient Access to I-294 and Metra’s Southwest Service Line.
- Attractive Parking Ratio