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    1135 S Oak Park Ave Oak Park, IL 60304

    For Sale
    $860,000

    Commercial Sale - Oak Park, IL

    Property size:
    4,508 SF
    Days on Market:
    83
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 1135 S Oak Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16183220350000
    Size
    4,508 SF

    Building Details

    Year built
    1959
    Number of units
    5
    Architectural style
    Other

    Re/Max In The Village, Realtors (708) 955-6664 [email protected]

    Listing agent Harry Walsh (708) 386-1400 License #471001958

    Listing date Sep 24, 2025

    MLS# 12478509 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Park Multifamily Investment Opportunity

    This all-brick, mid-century apartment building features five units in a convenient Oak Park location. The property is fully occupied with long-term tenants. It includes five exterior parking spaces at the rear of the lot, with additional street parking available through village permits and vehicle stickers. Each unit has an individual heating system, and there is a coin-operated laundry on the premises. The roof is 7 years old, the soffit and gutters are 3 years old, and the window flashing and capping are 2 years old. The building is within walking distance of the blue line "L" train at Oak Park Avenue, the Roosevelt Road night scene, Lincoln Elementary School, and grocery stores, with convenient access to I-290 expressway. Rehm Park & Pool are also nearby. The unit mix includes two 1-bedroom, 1-bath units, two 2-bedroom, 1-bath units, and one unique 2-bedroom, 2-bath duplexed unit. Each unit features hardwood floors, wood cabinetry, ceramic tile bathrooms, and eat-in kitchens with dedicated dining spaces. The current rents are below market, offering substantial upside potential in rental income. The property size is 4508 square feet and is zoned MULTI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7953192
    Latitude
    41.906613

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building with income potential in a prime location.
    Where is this apartment building located?
    The property is located at 1135 S Oak Park Ave Oak Park, IL.
    What is the asking price?
    The asking price for this property is $860,000.
    What are key features of this property?
    This property features: - Substantial upside potential in rental income due to below-market rents.; - All brick mid-century 5-unit building in a convenient Oak Park location.; - Walking distance to the blue line 'L' train, Roosevelt Road, Lincoln Elementary School, and grocery stores.
    (708) 386-1400
    Request Owner's contact information
    1135 S Oak Park Ave Oak Park, IL 60304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1135 S Oak Park Ave Oak Park, IL 60304
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