Evelyn Apartments | 37 Harrison St
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Evelyn Apartments 37 Harrison St
36 Unit Apartment Building For Sale Oak Park, IL 60304
Investment Highlights
- Revitalized Elevator Building in Oak Park Arts District
- Renovated Studios Receiving 20% Rental Increase
- Common Laundry and Three Off-Street Parking Spaces
- Easy Access to 1-290 & CTA Blue Line Stop
- Renovated Lobby and Common Areas with Butterfly Entry System
Executive Summary
Interra Realty has been exclusively engaged to market 37 Harrison Street in Oak Park, Illinois for sale. The subject investment opportunity consists of a 36-unit apartment building approximately 8.5 miles west of the downtown Chicago Loop. The building is well-located within the highly desirable Oak Park Arts District and walking distance to the the Austin Blvd Blue Line. This location is close to downtown Oak Park, providing abundant amenities including retailer, grocery, and medical options.
The unit mix consists of 25 studios, 10 1Br/1Ba, and 1 2Br/1Ba apartments. 5 of the studio units have been renovated and receiving 20% rental increases and 2 of the 1Br/1Ba units have been renovated and receiving ~17% rental increases. The utilities are paid by the landlord with a ratio utility billing system (RUBS) in place. The building has seen recent capital improvements consisting of a 2 year old steam boiler, redone lobby and hallways, a new intercom (butterfly) system, all electric panels and service upgraded, and updated plumbing in remodeled units as well as main sewer line replacement. Additionally, the building offers 3 parking spaces.
The unit mix consists of 25 studios, 10 1Br/1Ba, and 1 2Br/1Ba apartments. 5 of the studio units have been renovated and receiving 20% rental increases and 2 of the 1Br/1Ba units have been renovated and receiving ~17% rental increases. The utilities are paid by the landlord with a ratio utility billing system (RUBS) in place. The building has seen recent capital improvements consisting of a 2 year old steam boiler, redone lobby and hallways, a new intercom (butterfly) system, all electric panels and service upgraded, and updated plumbing in remodeled units as well as main sewer line replacement. Additionally, the building offers 3 parking spaces.
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 36 | Building Size | 13,608 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low Rise | Parking Ratio | 0.22/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 13,608 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Parking Ratio | 0.22/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | 450 |
| 1+1 | 10 | - | 600 |
| 2+1 | 1 | - | 1,100 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 16-17-306-002-0000 | Improvements Assessment | $222,824 |
| Land Assessment | $8,750 | Total Assessment | $231,574 |
PROPERTY TAXES
Parcel Number
16-17-306-002-0000
Land Assessment
$8,750
Improvements Assessment
$222,824
Total Assessment
$231,574
zoning
| Zoning Code | R |
| R |
-
Patrick Kennelly -
Paul Waterloo -
Nathan Zito -
Interra Realty
(312) 724-7011
x426
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Evelyn Apartments | 37 Harrison St
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