1110 South Austin Boulevard

Oak Park IL 60304

Multi-Family

Currently for sale - view listing

Overview

Value-add buildings in highly sought after Oak Park don't come along often. This is one of them. A solid-brick, legal 4-unit with three oversized 3-bedroom/1-bath units (approx. 1,425 sq ft each) and a garden studio. Each 3-bedroom features hardwood floors, crown molding, original woodwork, and decorative fireplaces-the vintage character Oak Park renters seek out-plus an updated second floor kitchen. Current rents total $5,945/month. Current rents are well below market rate. Great opportunity to increase the monthly rental income and increase cash flow! Terrific opportunity. Tenants pay their own heat and electric in the 3-bedroom units with individual gas forced-air furnaces (two replaced in the last 3 years), separate gas and electric meters, and a new 75-gallon water heater (2026). Relined chimney front tuckpointing coin laundry income 3-car garage shared basement with tenant storage. All units leased. Three blocks to the CTA Blue Line and minutes to I-290. Located highly rated school districts. Irving Elemantary is currently rated 9/10 at Greatschools and Oak Park River Forest High School is currently rated 10/10!! Prefer to live in? Take a unit and let three others help cover your mortgage. Well maintained building with below-market rents, real upside.

Features

10 bedrooms

4 bathrooms

3 carspaces

3 garage spaces

Multi-Family

Property history for 1110 South Austin Boulevard

2007

Sold

$539,000

01 May 2007 by RICHARD GRAY, of Jacknow Inc., Realtor

Happy sellers in Oak Park

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