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Oak Park Condominium Building
For Sale
$6,199,000
Pending

950 Washington Boulevard, Oak Park, IL 60302

28-unit condominium building in Oak Park, Illinois for sale.

Property SizeContact for details
Days on Market333

Property Features for 950 Washington Boulevard

General Information

Standard status Pending
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $149,500

Building Details

Year Built 1965
Listing Agency: CITY HABITAT REALTY LLC
Listed By: AHMED ALMANASEER
Source: Corcoran
Added: Sep 22, 2025 Changed: Aug 8 Last Checked: Jul 23 at 9:16AM

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 CITY HABITAT REALTY LLC

Investment Insights

Based on property information with market context.

This is a 28-unit courtyard condominium building constructed in 1965. The unit mix includes seven 1-bedroom/1-bathroom units, fourteen 2-bedroom/1-bathroom units, four 3-bedroom/1.5-bathroom units, and three 3-bedroom/2-bathroom units. There are 38 parking spots, including 28 garage spots and 10 surface spots. The property is located in Oak Park, a walkable suburb with an artistic community, galleries, boutiques, and restaurants.

Key Highlights

  • Rare opportunity to acquire a 28‑unit condominium building through condo deconversion.
  • Located in Oak Park, a desirable, walkable suburb adjacent to Chicago.
  • Mix of unit types: 1BD/1BA, 2BD/1BA, 3BD/1.5BA, and 3BD/2BA.

Property Analytics

Current Use

950 Wa Condominum ... Association Or Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Butcher Carpet & Flooring Store Restaurant Fish Market

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

4,687
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 - 28-unit condominium building in Oak Park, Illinois for sale.
Where is this apartment building located?
The property is located at 950 Washington Boulevard Oak Park, IL.
What is the asking price?
The asking price for this property is $6,199,000.
What are key features of this property?
This property features: Rare opportunity to acquire a 28‑unit condominium building through condo deconversion.; Located in Oak Park, a desirable, walkable suburb adjacent to Chicago.; Mix of unit types: 1BD/1BA, 2BD/1BA, 3BD/1.5BA, and 3BD/2BA.
More about this property
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