West Oak Park Portfolio — Sale in Oak Park, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oak Park, IL 60302

Photos

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Investment Figures

Cap rate
5.18%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a four-property, 21-unit multifamily portfolio located in Oak Park, Illinois. Oak Park is one of Chicago’s most sought-after suburbs for homeowners and renters. Located approximately nine miles west of the Loop, Oak Park is accessible within 20 minutes via the Eisenhower Expressway (Interstate 290), by Metra and CTA trains, and Pace bus lines. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. 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. This portfolio consists of one studio legal non-conforming unit, one one-bedroom / one-bathroom unit, 18 two-bedroom / one-bathroom units, one three-bedroom / one-bathroom unit, and one three-bedroom / two-bathroom unit. Renovated units feature vinyl plank flooring, fully upgraded kitchens with dishwashers, bathrooms with updated tile backsplashes and vanities, and updated fixtures throughout. This investment is an opportunity for a new investor to acquire a well-maintained, partially rehabbed 21-unit multifamily portfolio in Oak Park, Illinois. This desirable rental market allows an investor the potential to achieve consistent cash flow with potential for increased returns. Investment Highlights: • Buildings May Be Purchased Individually - Please See OM for Individual Financials • Highly Desirable West Oak Park Locations • Tenant Utility Reimbursement • On-Site, Income-Generating Parking and Coin Laundry • Close Proximity to Downtown Oak Park, CTA and Metra Stations

Market Context

This multifamily in Oak Park, IL is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Oak Park, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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