1232 North Austin Boulevard
$895,000
12
6
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Description
A six-unit, vintage building located in Oak Park, Illinois. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. Oak Park is approximately 10 miles from Chicago's downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park's unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it...A six-unit, vintage building located in Oak Park, Illinois. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. Oak Park is approximately 10 miles from Chicago's downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park's unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. 1232-34 North Austin Boulevard features six spacious two-bedroom / one-bathroom layouts (approximately 1,200 square feet) with separate dining rooms, enclosed rear porches and in-unit laundry. Each unit has been gutted and features newer electric, plumbing, porcelain tile flooring, stainless steel appliances, newer maple cabinets, countertops and lighting. The kitchens were reconfigured to include stackable washers and dryers in each unit and the bathrooms all feature newer vanities, medicine cabinets, light fixtures, plumbing fixtures and linen closets for additional storage. On-site the property contains eight parking spaces (two tandem) which rent for additional income, as well as on-site storage in the basement for each unit. A new owner could potentially duplex a first floor unit down to the basement level. Improvements to the building include roofs and parapet wall repairs, tuckpointing, new paving and striping of the parking lot, newer electrical service, panels and circuit breaking, newer plumbing, installation of security cameras and repairs to the boiler including installation of Honeywell Vision Pro remote sensor temperature controls. This investment is an opportunity for a new investor to acquire a renovated multifamily property in a strong and desirable Oak Park rental market. Through continued strong management a new investor has the potential to achieve consistent cash flow and returns.
- Listed by Brigette Bell • B2B Investment Properties LLC
Property Details for 1232 North Austin Boulevard
Area
Oak Park
ZoningMULTI
LISTING UPDATED: 12/02/2024 10:21 AM
Property Details for 1232 North Austin Boulevard
Status | New |
---|---|
MLS # | 12217239 |
Days on Market | 3 |
Taxes | $25,102 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Interior Entrance |
Year Built | 1922 |
Lot Size | 0.15 AC / 6,534 SF |
County | Cook County |
Building Information for 1232 North Austin Boulevard
Stories4Residences6Year Built1922Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 1232 North Austin Boulevard
Property History for 1232 North Austin Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1232 North Austin Boulevard
Taxable ValueLand$7,171Additions$40,106Total$47,277
Tax Record2022$18,154 ($1,513 / month)
Home Facts
Baths6Total Finished SqFt8,178 SqFtAbove Grade Finished SqFt8,178 SqFtStories3Lot Size6,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1922CountyCOOKAPN16-05-127-025
Schools near 1232 North Austin Boulevard
This home is within Oak Park - River Forest School District 200.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
William Hatch Elementary School PublicPK to 5 | ||
Gwendolyn Brooks Middle School Public6 to 8 | ||
Oak Park & River Forest High School Public9 to 12 | ||
St Angela Elementary School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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