Listed by Kiser group, Kiser Group
$7,700,000
The Oak Park Edge
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,142
Units 24
Year Built 2022
Buildings 3
Parking Spaces 27 spaces
Parking per 1,000 SqFt 0.93
Multifamily | 24 Units
Marketing description
Kiser Group has been exclusively engaged to market for sale Oak Park Edge - 6031-37 W. North Ave., Oak Park, IL - a 24-unit 2022 new construction portfolio, comprised of condo-quality luxury residences. The portfolio includes three buildings, featuring (24) spacious 2 bed / 2 bath apartments with twelve (12) garage spots and fifteen (15) exterior parking spaces.
Professionally-designed apartments feature modern electric fireplaces, high-end appliance packages, and large, spa-like bathrooms. Floorplans are modern, open concept with plenty of space for both entertaining and privacy. In-unit laundry coupled with individual HVAC systems for each unit enables ownership to operate efficiently and set-up for easy maintenance for years to come. New ownership can capitalize further by improving parking income and increasing rents ~8% to be in line with market.
Located in Chicago’s Oak Park suburb, this opportunity is well-situated with easy access to public transportation with Metra (1.2 miles), CTA (2 miles) and almost equidistant to both O’hare and Midway airports. Investors are offered the opportunity to acquire a portfolio of high-quality, low-maintenance, stabilized residences in a core historic Chicago suburb.
Oak Park is a vibrant, historic community just west of Chicago, known for its tree-lined streets, strong sense of community, and rich architectural legacy. The neighborhood is internationally recognized as the home of Frank Lloyd Wright, with the largest collection of his buildings anywhere in the world, giving Oak Park a distinctive character that blends classic design with modern living.
Residents enjoy a walkable, small-town feel paired with urban convenience. Charming downtown districts offer locally owned shops, cafes, restaurants, and cultural venues, while numerous parks, playgrounds, and green spaces make the area especially appealing to families and outdoor enthusiasts. Oak Park is also known for its diversity, excellent schools, and active arts scene, including theaters, galleries, and community events throughout the year.
With easy access to public transportation—including CTA Green and Blue Lines and Metra service—Oak Park provides a seamless commute to downtown Chicago while maintaining its own unique identity. It’s a neighborhood that values history, inclusivity, and quality of life, making it a highly sought-after place to live.
Investment highlights
- 2022 condo-quality construction with 24 residences, spanning 3 buildings
- 2 Bed / 2 Bath spacious apartments with twelve (12) garage and fifteen (15) exterior parking spaces
- Professionally-designed units with high-end finishes, open concept floorplans, accent lighting, floating open shelving, stainless steel appliances
- 1.2 Miles to Metra Galewood station, 2.1 miles to Ridgeland CTA Green Line station
- 0.8 Miles to Taylor Park; 10 min drive to historic Downtown Oak Park
Listing Contacts
Listed by Kiser group, Kiser Group
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