Essex Realty Group, Inc. is proud to exclusively offer for sale 100-112 S. Harvey Ave. & 225-227 South Blvd. (“Harvey”) and 803-805 Randolph St. & 305-315 S. Oak Park Ave. (“Randolph”), two vintage courtyard style apartment buildings located in the Village of Oak Park. The portfolio consists of eighty-seven (87) apartments and four (4) retail spaces. The Subject Properties are located within a few blocks of one another and are being offered as a portfolio and individually.
The Subject Properties offer investors a unique investment opportunity to acquire two rarely available assets in the submarket of Oak Park. There are multiple strong investment strategies that make this offering uniquely desirable. A potential buyer could operate the assets in their current state, increasing rents to market, or elect to renovate them.
- Just Closed: Two rarely available courtyard buildings in downtown Oak Park held by same ownership for over 30 years.
- Physical & management value-add opportunity.
- Unit Mix: thirty-five (35) studios, thirty (30) 1Bd/1Ba, twenty-two (22) 2Bd/1Ba, and four (4) commercial spaces (2,935 SF).