436 Ridgeland Ave, Oak Park, IL 60302-4010
- Retail residential properties
- 0.15 lot acres
Current Use by Public Records
- Grandmaster Games - Oak Park / Electronics & Wireless Store / (Bike/Boat/Book/etc) Store
- Village Pilates Studio / Gym & Fitness Center
Property Details for 436 Ridgeland Ave
- Year built
- 1921
- Lot size
- 0.15 lot acres
- Property type
- Retail residential properties
- APN
- 16-08-318-003
- APU
- 1608318003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 9, 2026 | $1,300,000 | Terra Home Construction LLC | Madison Ridgeland LLC | Warranty Deed | $975k · Velocity Commercial Capital LLC |
| Feb 21, 2013 | — | Madison Ridgeland LLC | Leavy Michael O Trust | Grant Deed · related | — |
| Dec 10, 1997 | — | Leavy Trust | Corus Bank Trustee | Grant Deed · related | — |
| — | — | Leavy Michael O Trust | — | Deed Of Trust · related | $30k · Village Of Oak Park |
| — | — | Leavy Michael O Trust | — | Deed Of Trust · related | $29k · Village Of Oak Park |
Description
This exceptional investment opportunity presents a 2-story, 11-unit apartment building at 436 S Ridgeland Ave, Oak Park, IL 60302. Boasting a total net rentable area of 9,720 square feet, the property offers a compelling mix of unit types, including one studio, four one-bedroom, and six two-bedroom units. All units have been updated, contributing to the building's strong 100% occupancy rate. The building features common laundry facilities for resident convenience, and a recently replaced (2023) hot water tank ensures efficient operation. The property enjoys a prime location in central Oak Park, just steps from Julian Middle School and close to the highly-regarded Fenwick High School. Its proximity to the CTA Green Line and bus routes, along with the abundance of shopping, grocery, and retail options along Madison Street, enhances its appeal to both residents and investors. The property has a strong financial performance, with a Net Operating Income (NOI) of $127,224 and a 7.88% capitalization rate. This represents a first-time sale in over 40 years, presenting a rare chance to acquire a well-maintained, high-performing asset in a desirable location. The asking price is $1,615,000, translating to $146,818.18 per unit. The Cook County APN is 16-08-318-003-0000. This is a turnkey investment ready for immediate income generation.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7842
- Latitude
- 41.8803
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
