Essex Realty Group, Inc. has been exclusively engaged to market for sale 922 and 930 North Blvd, two adjacent mid-rise apartment buildings located in the heart of Oak Park. Totaling 104 units, the properties are comprised of 52 one-bedroom and 52 two-bedroom units. Current ownership has recently spent over $7,700,000 rehabbing all units, common areas, exteriors and mechanicals (see enclosed Capital Expenditure Detail). Renovated units feature condo-quality finished throughout including vinyl flooring, quartz countertops, and new appliances.

922 and 930 North Blvd are located just steps from Oak Park’s vibrant downtown district, providing tenants with easy access to a variety of restaurants, shops and nightlife. Additionally, public transportation is easily accessible via the Oak Park Metra Station and two CTA Green Line Stops (Harlem/Lake and Oak Park) – all three located less than 300ft from the Subject Properties.

922 and 930 North Blvd offer an investor a turn-key opportunity in an irreplaceable location. Investors can take advantage of immediate scale in a strong rental market that continues to experience robust rental growth.

ABOUT THE VILLAGE
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.

THRIVING PARK & SCHOOL DISTRICTS
The Village of Oak Park is home to a longstanding park district and strong school district including eight elementary schools, two middle schools, and Oak Park & River Forest High School, which is ranked 39th of 724 high schools in Illinois. The park district, first created in 1912, is made up of thirteen parks, the Oak Park Conservatory, two outdoor pools, ice rinks, and a historic house used for local events and gatherings. In addition to the park district, Oak Park also has a thriving local library that overlooks Scoville Park at Oak Park Avenue and Lake Street. These districts and organizations provide residents with a rich sense of community and local pride.

• Premier Oak Park Location – Steps to Vibrant Downtown and Public Transportation
• Favorable Unit Mix: Fifty-Two (52) 1Bedroom and Fifty-Two (52) 2Bedroom Units
• Significant As-Is Rental Upside at 922 North – 15+%
• Recent Capital Improvements in Excess of $7,700,000
• Easy Access to Interstate 290 and Downtown Chicago