Fully occupied massive 4 unit for sale in Oak Park.
With 3 separate 1800 sq ft apartments and 1 1200 sq ft garden - this massive building will generate cash flow from day one with possibility to increase profit.
Spacious, light filled, top apartments include 3-4 bedrooms each with all hardwood floors, extra large living and dining rooms, fireplace, kitchen pantry, luxury soaking tub/shower, Professional kitchen appliances, and tons of storage including walk in closets.
Current gross annual rent is $78,000 with multiple long term tenants - and with improved leasing or updates, pro forma $95,000.
Unit composition -
#G - 2 bed, 1 bath, 1200 sqft - $1200
#1 - 3 bed, 1 bath, 1800 sqft - $1800 (updated)
#2 - 4 bed, 1 bath, 1800 sqft - $1800 (updated)
#3 - 4 bed, 1 bath, 1800 sqft - $1500
3 garage parking - $75 each
2 sets of coin-op washer/dryer in common basement area.
Other improvements include: new $15k boiler installed, new backup commercial $3k water heater possible to be included with sale.
10 minute walk to both the Green Line and the Blue Line.
Close to the Oak Park Arts District for entertainment/restaurants.
Near new Oak Park recreational buildings, conveniently located near the Austin/Madison intersection.
Note to agents - not looking to list on MLS.
Will give 50% of sale price above $799,999 to any agent who finds a buyer.
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