2733 N Oak Park AVE Chicago, IL 60707

- 5.83% In Place Cap Rate - NOI: $34,989 - Gross Income: $53,010 (with 5% vacancy) 2733 N. Oak Park is a six (6) unit building located in the Montlcare neighborhood of Chicago. The property sits within one (1) mile of the Mars Metra Station, within half (0.5) mile of shopping centers Target & Jewel-Osco, and also, within half (0.5) mile of numerous restaurants including Starbucks, Chipotle, and Mcdonalds. 2733 N. Oak Park is comprised of four (4) 1Bdr/1Ba units, one (1) 2Bdr/1Ba unit and one (1) studio unit. The property has two buildings, a brick three unit building in the front and a frame three unit coach house in the rear. All units have had improvements including, but not limited to: hardwood flooring throughout, individual furnaces & water heaters, updates to kitchens and baths, two (2) units are equipped with Air Conditioning. Furthermore, the building boasts no violations, copper plumbing throughout, roof updates (2018), new tuckpointing (2019), and a new concrete patio/walkway (2020). 2733 N. Oak Park provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago's desirable pocket of Montclare. From day one, a new owner will capitalize on an incredibly strong and long term tenant base, and will realize an in place cap rate of 5.83% and a cash return of 6.14%. Through improved leasing, management, and raising rents to market rate, an investor has the opportunity achieve a cap rate of 6.95% and a cash return of 10.61%.