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436-440 S Ridgeland Ave

11 Unit Apartment Building $1,615,000 ($146,818/Unit) 7.90% Cap Rate Oak Park, IL 60302

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Investment Highlights

First Time for Sale in 40+ Years
Proximate CTA Green Line & CTA Bus

Near Fenwick High School & Julian Middle School
Abundant Shopping, Groceries and Retail Along Madison Street

Executive Summary

Interra Realty has been exclusively engaged to market the mixed-use asset located at 436 South Ridgeland Avenue in Oak Park, Illinois. The subject investment opportunity consists of five ground floor retail units totaling 5,350 SF and four apartments above. The property sits next door to Julian Middle School, blocks from the acclaimed Fenwick High School and is half a mile from the Oak Park Green Line Train stop, and easily accessible via bus and I-290.Additionally, residents benefit from having the amenities of downtown Oak Park within walking distance.
The apartment unit mix is comprised of one studio, four 1-bedroom units, and one 2-bedroom unit. The units have been updated. There is common laundry at the building and the hot water tank was replaced in 2023.

Property Facts

Price	$1,615,000	Property Subtype	Apartment General Retail Storefront
Price Per Unit	$146,818	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	7.90%	Building Size	6,740 SF
Gross Rent Multiplier	7.1	No. Stories	2
No. Units	11	Year Built	1924
Property Type	Multifamily

Price	$1,615,000
Price Per Unit	$146,818
Sale Type	Investment
Cap Rate	7.90%
Gross Rent Multiplier	7.1
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront
Building Class	C
Lot Size	0.17 AC
Building Size	6,740 SF
No. Stories	2
Year Built	1924