Essex Realty Group, LLC is pleased to announce the sale of 212 S. Oak Park Avenue and 37 Harrison Street, a two-building, 87-unit apartment portfolio located in Oak Park. The properties feature classic 1920s architecture with a mix of well-maintained and updated vintage apartments. 212 S. Oak Park Avenue, built in 1928, consists of 51 units, while 37 Harrison Street, built in 1926, includes 36 units.

The portfolio offers a mix of studio, one-, and two-bedroom apartments, appealing to a wide range of renters in the Oak Park market. Both buildings have been thoughtfully maintained, with recent updates to common areas and select apartments. The properties were operating with strong in-place income at the time of sale, while also offering the potential for future rental growth through continued unit updates and management efficiencies.

Both properties are ideally located just minutes from the CTA Green Line, Metra, multiple bus routes, and Interstate 290, providing residents with convenient access to downtown Chicago and the western suburbs

The Village of Oak Park is a historic Illinois community favorably located just nine miles west of downtown Chicago. Originally settled in the 1830s, the neighborhood makes up the 29th largest municipality in Illinois according to the US Census. Today, Oak Park provides a desirable residence for commuters looking to live right outside city limits. The community is located in close proximity to the I-90/94 expressways and the Blue and Green CTA train service lines, providing easy access to Chicago’s city center. The area is best known for its historical significance & architecture, vibrant downtown culture, and strong school & park districts. Oak Park has a vibrant downtown scene exhibited by the various shops, galleries, restaurants and other local businesses. Lake and Marion Streets provide residents with a variety of bar and restaurant options. Clusters of international influenced eateries such as Katy’s Dumpling House and La Notte Ristorante intersect with art galleries, live-music venues and locally owned boutiques. Downtown Oak Park also offers a range of hotels, fitness centers, grocery stores, and more. As a result of the Village’s vibrancy, Oak Park’s population increased by more than 5.2% from 2010 to 2020.

• Two-Building, 87-Unit Apartment Portfolio Located in Oak Park
• Mix of Studio, One, and Two-Bedroom Apartments
• Strong In-Place Income at Time of Sale with Rental Upside Potential
• Located Near CTA Green Line, Metra, Multiple Bus Routes, and I-290
• Recent Updates to Common Areas and Select Apartment Units