436-440 S Ridgeland Ave - Apartments FOR SALE


Oak Park, IL 60302
$1,615,000 USD
312-724-7011
436-440 S Ridgeland Ave, Oak Park, IL for Sale
$1,615,000 USD
Apartments - FOR SALE
1/15
null | 7.9% Cap Rate

436-440 S Ridgeland Ave
Oak Park, IL 60302


HIGHLIGHTS

  • First Time for Sale in 40+ Years
  • Near Fenwick High School & Julian Middle School
  • Proximate CTA Green Line & CTA Bus
  • Abundant Shopping, Groceries and Retail Along Madison Street

OVERVIEW

Interra Realty has been exclusively engaged to market the mixed-use asset located at 436 South Ridgeland Avenue in Oak Park, Illinois. The subject investment opportunity consists of five ground floor retail units totaling 5,350 SF and four apartments above. The property sits next door to Julian Middle School, blocks from the acclaimed Fenwick High School and is half a mile from the Oak Park Green Line Train stop, and easily accessible via bus and I-290.Additionally, residents benefit from having the amenities of downtown Oak Park within walking distance. The apartment unit mix is comprised of one studio, four 1-bedroom units, and one 2-bedroom unit. The units have been updated. There is common laundry at the building and the hot water tank was replaced in 2023.

FOR SALE DETAILS

PRICE

$1,615,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

11

PRICE/UNIT

$146,818

CAP RATE

7.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Madison St Special Zoning

APN/PARCEL ID

16-08-318-003-0000

ASK ABOUT THIS PROPERTY

Patrick KennellyInterra RealtyMore Info
312-724-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick KennellyInterra RealtyMore Info
312-724-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.