436-440 Ridgeland Ave, Oak Park, IL 60302

6 Unit Apartment Building | $1,615,000 ($269,167/Unit) | 7.30% Cap Rate | Oak Park, IL 60302

Asking Price $1,615,000

Property Type: Multifamily
Square Feet: 9,720 SF

Listing Contacts

Patrick Kennelly

Verified Profile

Paul Waterloo

Verified Profile

Property Info

Property Overview

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 Details

Class: C
Year Built: 1924
Stories: 2
Property Subtype: Storefront
Lot Size (sq. ft): 7,405 SF
Units: 6

Highlights

First Time for Sale in 40+ Years
Near Fenwick High School & Julian Middle School
Proximate CTA Green Line & CTA Bus
Abundant Shopping, Groceries and Retail Along Madison Street

Nearby Properties

Dallas MSA

2.8 Acres of Commercial Land in Dallas, TX 75243

9200 Markville Dr
Dallas, TX 75243

View Details
$1,825,000

Entenmann's Bakery Outlet

8,160 SF | Retail Building | Lakeland, FL 33801 | $1,825,000 ($224/SF)

3354 Us Highway 92
Lakeland, FL 33801

View Details
$422,093

0.57 Acres of Commercial Land Offered at $422,093 USD in Broken Arrow, OK 74012

850 Msn Ave
Broken Arrow, OK 74012

View Details
$1,999,000

21,680 SF Specialty Building Offered at $1,999,000 in Harrisville, MI 48740

790 Us 23
Harrisville, MI 48740

View Details
Vacant Land located near Harborage Marina

3.71 Acres of Commercial Land in Saint Petersburg, FL 33701

1100 4Th St
Saint Petersburg, FL 33701

View Details
$5,150,000

Walgreens

14,550 SF | Retail Building | Thomson, GA 30824 | $5,150,000 ($354/SF) | 5.99% Cap Rate

668 Main St
Thomson, GA 30824

View Details
$2,500,000

Owner-User (Manufacturing) - Vale, NC

82,876 SF | Industrial Building | Vale, NC 28168 | $2,500,000 ($30/SF)

7514 Nc Hwy
Vale, NC 28168

View Details

Similar Properties

$1,615,000

Exxon

2,701 SF | 4% Leased | Retail Building | Orange, TX 77630 | $1,615,000 ($598/SF)

6373 Fm 1442
Orange, TX 77630

View Details
$1,615,000

Arby's | New 20yr Abs NNN | DrThru

3,130 SF | Retail Building | Worthington, MN 56187 | $1,615,000 ($516/SF) | 5.85% Cap Rate

1663 Humiston Ave
Worthington, MN 56187

View Details
$1,615,000

2,464 SF | 100% Leased | Office Building | Paterson, NJ 07503 | $1,615,000 ($655/SF)

1013 Main St
Paterson, NJ 07503

View Details
$1,615,000

Strickland Brothers Oil | Corporate Guarantee

3,300 SF | Retail Building | Algonquin, IL 60102 | $1,615,000 ($489/SF) | 6.50% Cap Rate

1560 Algonquin Rd
Algonquin, IL 60102

View Details
$1,615,000

Strickland Brothers Oil | Corporate Guarantee

3,000 SF | Retail Building | Mchenry, IL 60050 | $1,615,000 ($538/SF) | 6.50% Cap Rate

5200 Elm St
Mchenry, IL 60050

View Details
$1,615,000

6 Unit Apartment Building | $1,615,000 ($269,167/Unit) | 7.30% Cap Rate | Oak Park, IL 60302

436-440 Ridgeland Ave
Oak Park, IL 60302

View Details
$1,615,000

4,550 SF | 100% Leased | Retail Building | Driggs, ID 83422 | $1,615,000 ($355/SF)

535 Moraine Ct
Driggs, ID 83422

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].