Eight-Unit Apartment
For Sale
Contact for pricing
Pending
7 W Division, Oak Park, IL 60302
Eight residential units with renovated interiors, including updated kitchens and baths, plus an on-site parking lot.
Property SizeContact for details
Days on Market135
Property Features for 7 W Division
General Information
Standard status
Pending
Property subtype
Multifamily
Financials
Cap Rate
5.1%
Business Included
Yes
Additional Details
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Jack Petrando · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 15
Last Checked: Aug 23 at 9:23AM
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 offering consists of an eight-unit apartment building with a unit mix of two 1-bedroom/1-bath residences, four 2-bedroom/2-bath residences, and two 3-bedroom/2-bath residences. The units feature hardwood flooring throughout and have been renovated with updated kitchens and baths. The property also includes newer tuckpointing, updated copper plumbing, and a parking lot located on the side of the building.
The building is located in the Historic Village of Oak Park at the intersection of Division and Austin, with access to public transit and nearby retail options. The building is currently registered as condos, with seven of the eight units available for purchase; the eighth unit is available via a tax deed sale.
The property operates with eight separate pins at present, and a new owner has the option to consolidate them into one pin.
The building is located in the Historic Village of Oak Park at the intersection of Division and Austin, with access to public transit and nearby retail options. The building is currently registered as condos, with seven of the eight units available for purchase; the eighth unit is available via a tax deed sale.
The property operates with eight separate pins at present, and a new owner has the option to consolidate them into one pin.
Key Highlights
- 8‑unit residential building in the Historic Village of Oak Park, located at the intersection of Division and Austin.
- Unit mix: 2x 1 bed/1 bath, 4x 2 bed/2 bath, and 2x 3 bed/2 bath.
- Renovated units with hardwood flooring throughout, plus updated kitchens and baths.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,369
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 - Eight residential units with renovated interiors, including updated kitchens and baths, plus an on-site parking lot.
Where is this apartment building located?
The property is located at 7 W Division Oak Park, IL.
What are key features of this property?
This property features: 8‑unit residential building in the Historic Village of Oak Park, located at the intersection of Division and Austin.; Unit mix: 2x 1 bed/1 bath, 4x 2 bed/2 bath, and 2x 3 bed/2 bath.; Renovated units with hardwood flooring throughout, plus updated kitchens and baths.
