Essex Realty Group Brokers the Sale of a Multi-Family Building in Oak Park
September 20, 2017 10:02 AM
922-924 Ontario Street is a thirteen-unit condominium building located in the suburb of Oak Park, situated just outside of the City of Chicago. Essex represented the 922-924 Ontario Association in the sale of all condominium units to one purchaser in what is known as a “Condo Deconversion”.
The unit mix consists of thirteen 1 bed/1 bath units, one of which is a garden unit. Each unit features granite countertops, and stainless-steel appliances, plus in-unit laundry. The current units are large with separate kitchen, living and dining areas.
922-924 Ontario sits in a phenomenal location just a block north of the popular Lake Street Retail Corridor in Downtown Oak Park. Additionally, the property is less than 10 minutes walking distance from the Oak Park Green Line CTA Station, and 6 minutes walking distance to the Oak Park Metra Station providing tenants with plenty of public transportation options.
The Village of Oak Park is located approx. 10 miles from Chicago's Loop and immediately West of the City of Chicago. Oak Park is a popular destination for many individuals and families to live to due to the proximity to the city, and the numerous transportation options that service the city, including the CTA Blue and Green Line, and the Metra Union Pacific-West (UP-W) line.
The sale price was approximately $2,025,000.
Jim Darrow and Jordan Gottlieb were the brokers on the transaction.