48-Unit Apartment
For Sale
Contact for pricing
Pending
12 Washington Blvd, Oak Park, IL 60302
Renovated apartments with updated kitchens, baths, building systems, and on-site laundry in Oak Park.
Property SizeContact for details
Days on Market141
Property Features for 12 Washington Blvd
General Information
Standard status
Pending
Property subtype
Multifamily
Units
Unit Mix
5 x 1bd/1ba, 43 x 0bd/1ba
Multifamily Units
48
Additional Details
Cap Rate
6.01%
Public Transit
Yes
Amenities
on-site laundry
Listing Agency:
Kiser Group
Listed By:
Jack Petrando · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 11:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
This 48-unit apartment property includes five one-bedroom, one-bath residences and 43 studio, one-bath residences arranged across three layouts. Every unit has renovated kitchens and bathrooms. Building improvements include newer windows, newer water heaters, updated copper plumbing, and on-site laundry.
The property is located one block from Madison St, providing access to public transit and retail options. Chicago’s Green Line “El” station at Austin is three blocks away, while Columbus Park is two blocks from the building and includes fields, pools, and a golf course.
The asset has an in-place cap rate of 6.01%. Improved leasing, management, and rents consistent with levels already achieved in the building are projected to support a 6.55% cap rate.
The property is located one block from Madison St, providing access to public transit and retail options. Chicago’s Green Line “El” station at Austin is three blocks away, while Columbus Park is two blocks from the building and includes fields, pools, and a golf course.
The asset has an in-place cap rate of 6.01%. Improved leasing, management, and rents consistent with levels already achieved in the building are projected to support a 6.55% cap rate.
Key Highlights
- 48 total units: five 1bd/1ba units and 43 0bd/1ba units
- All units renovated with updated kitchens and baths
- Newer windows, newer water heaters, and updated copper plumbing
Property Analytics
Current Use
Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 60302, IL
33,698
Population
15,702
Households
2.1
Avg Household Size
41
Median Age
71%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
11,233
Density / Sq Mi
$97,414
Median Household Income
$69,368
Median Earnings
$1,348
Median Rent
$450,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments with updated kitchens, baths, building systems, and on-site laundry in Oak Park.
Where is this apartment building located?
The property is located at 12 Washington Blvd Oak Park, IL.
What are key features of this property?
This property features: 48 total units: five 1bd/1ba units and 43 0bd/1ba units; All units renovated with updated kitchens and baths; Newer windows, newer water heaters, and updated copper plumbing
