Essex Realty Group Brokers the Sale of 72 Units in Oak Forest, IL

March 08, 2019

ReVerb Oak Forest, 15928 S. LeClaire Avenue, is a 72-unit garden style complex located in Oak Forest, IL. The property is comprised of two 36-unit buildings and 98 surface parking spaces. The units are 1Bd/1Ba layouts and feature updated finishes including stainless steel appliances, new flooring, granite countertops, individual HVAC, private balconies, renovated porches, and in-unit laundry. In addition to unit upgrades, recent complex renovations included new windows, electric, full basements, and copper plumbing.

ReVerb Oak Forest is situated less than 0.2 miles from the Oak Forest Rock Island District (RI) Metra train station; 0.3 miles from IL-50; and 1.4 miles from I-52, providing easy access to Chicago and throughout surrounding suburbs.

The sale price was approximately $6,645,000.

Doug Imber, Kate Varde, and Clay Maxfield represented the seller and Brian Kochendorfer, Brian Karmowski, and Troy Beebe represented the buyer on the transaction.

Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.

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Tagged in this post: Doug Imber , Kate Varde , Brian Kochendorfer , Brian Karmowski