ON MARKET – MULTI-FAMILY
10409-10435 Menard Ave. / 10300-10320 Parkside Ave. Oak Lawn, IL
PRICE
$9,100,000
NUMBER OF UNITS
108
CAP RATE
6.6%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale a two-building, 108-unit apartment portfolio in the southwest suburb of Oak Lawn. The buildings can be purchased individually or as a portfolio. The addresses and unit mix for each property are as follows:

- 10409-10435 Menard Avenue, Oak Lawn - 72 Units
- 10300-10320 Parkside Avenue, Oak Lawn - 36 Units

The buildings were converted to condominiums in the mid-2000s. Although each unit has retained a separate parcel number, the current ownership has successfully reconstituted 100% of the units back into rental buildings. The properties have received recent capital improvements including new roofs at 10300 Parkside and 10435 Menard; a new boiler at 10409 Menard; and six (6) new furnaces at 10300 Parkside.

LOCATION DETAILS

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HIGHLIGHTS
  • 108 Unit Portfolio in Southwest Suburbs
  • Great Unit Mix: (51) 1Bd/1Ba, (33) 2Bd/1Ba, (24) 2Bd/2Ba Duplex
  • Various Recent Capital Improvements
  • Significant Rental Upside
  • Available as a Portfolio or Individually
LISTING BROKERS
Brian Kochendorfer
Managing Director
773.305.4870
Kate Varde
Principal
773.305.4908