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12-Unit Apartment Building with Laundry
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626 N Austin Blvd, Oak Park, IL 60302

Gated multifamily property with private grounds, resident storage, and a mix of studio, one-bedroom, and two-bedroom apartments.

Property SizeContact for details
Days on Market145

Property Features for 626 N Austin Blvd

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: xr realty
Listed By: Frank Scaletta · License #IL 471020604
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 2:23PM

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 xr realty

Investment Insights

Based on property information with market context.

The property is a 12-unit California-style apartment building at 626 N Austin Blvd in Oak Park. The unit mix includes 8 one-bedroom apartments, 2 two-bedroom apartments, and 2 studios. The gated building offers a private setting, an 8-car parking lot, on-site laundry, and individual storage lockers. Many apartments have been updated, and the property includes a newer boiler and mechanical systems. The building is fully leased, with tenants paying cooking gas and electric service.

The property is located near a hospital and four blocks from Lake Street. Long-term tenants are part of the existing occupancy profile, while the building’s unit diversity supports a range of apartment layouts within one multifamily asset.

Key Highlights

  • 12‑unit apartment building with 8 one‑bedroom units, 2 two‑bedroom units, and 2 studios
  • Gated property with an 8‑car parking lot
  • On‑site laundry and individual storage lockers

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Law Firm Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,616
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated multifamily property with private grounds, resident storage, and a mix of studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 626 N Austin Blvd Oak Park, IL.
What are key features of this property?
This property features: 12‑unit apartment building with 8 one‑bedroom units, 2 two‑bedroom units, and 2 studios; Gated property with an 8‑car parking lot; On‑site laundry and individual storage lockers
(708) 218-3787 Call to check price and availability
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