HORVATH TREMBLAY

EXCLUSIVELY LISTED OFFERING • 6 UNITS • 5,965 ± SF MULTI-FAMILY INVESTMENT 314 N MAPLE AVE OAK PARK | IL OPPORTUNITY HTAPARTMENTS.COMHTAPARTMENTS.COM LEAD AGENTS

JONAH CARMAN Associate Direct: (312) 637-6402 [email protected]

JOHN PRZYBYLA Managing Director Managing Broker IL 471.010441 Direct: (312) 361-1643 [email protected]

DISCLAIMER Horvath & Tremblay has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. 314 N MAPLE AVE LIST PRICE: $1,425,000 NET OPERATING INCOME: $83,360 CAP RATE 5.85% PRICE PER UNIT $237,500 PRICE PER SQ FT (GLA) $239

PROPERTY DETAILS BUILDING UTILITIES

PROPERTY ADDRESS 314 N Maple Ave, Oak Park, IL 60302 HEATING Gas Landlord Responsible

NUMBER OF UNITS 6 Units HOT WATER Tankless Landlord Responsible

YEAR BUILT 1932 ELECTRIC Separately Metered Tenant Responsible

LAND AREA 0.11 acres WATER City of Oak Park Landlord Responsible

GROSS LIVING AREA 5,965 SF SEWER City of Oak Park Landlord Responsible GROSS AREA 8,375 SF

PARKING 6 Spaces BUILDING CONSTRUCTION EXTERIOR Brick 6 RESIDENTIAL UNITS ROOF Flat

3 2 1 TWO BEDROOM UNITS THREE BEDROOM UNITS FOUR BEDROOM UNIT 3 PROPERTY HIGHLIGHTS EXCEPTIONAL DEMOGRAPHICS

■ An impressive 300,300+ people live within a 3-mile radius Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family of the Property with an average household income of over investment property located at 314 N Maple Avenue in Oak Park, (the “Property”). The four- $90,700. story, brick building contains six (6) total units made up of three (3) 2-Bedroom/1-Bathroom units, two (2) 3-Bedroom/1.5-Bathroom units, and one (1) 4-Bedroom/2-Bathroom unit in 5,965 square feet of living area on a 0.11-acre parcel. BRICK CONSTRUCTION

The Property is well-located on a quiet, tree-lined residential street, just one block away from ■ The four-story building features a brick construction, (Illinois Route 43). The property is also less than ½-mile from downtown Oak Park considered a low-cost, low maintenance exterior due to with convenient access to grocery stores, restaurants, public transportation (the CTA Green Line, its durability, color retention, fire containment, and storm the Metra and numerous CTA bus lines) and numerous other retail amenities. protection.

RARE INVESTMENT OPPORTUNITY THE ASSET ■ The current owner has owned and upgraded the property ■ The Property is a four-story, brick building containing a total of six (6) units made up of three (3) over the last 30 years. 2-Bedroom/1-Bathroom units, two (2) 3-Bedroom/1,5-Bathroom units, and one (1) 4-Bedroom/2- Bathroom unit. CAPITAL IMPROVEMENTS

TYPE UNITS % OF TOTAL BEDROOMS BATHROOMS ■ The property features a new roof, new gas fired boilers, and tankless hot water heaters. 2 BED / 1 BATH 3 50% 6 3 3 BED / 1.5 BATH 2 33% 6 3 4 BED / 2 BATH 1 13% 4 2

TOTAL 6 100% 16 8

SUPERIOR LOCATION & AMENITIES

■ The property is approximately 500 feet from Harlem Avenue (Illinois Route 43) and CTA Bus Lines 307 & 90. Additionally, downtown Oak Park, which is home to numerous national retailers like Trader Joe’s, Whole Foods, Target, Walgreens, CVS and countless dining and nightlife options, is just ½-mile away.

■ The Property is located ½-mile from numerous public transportation options including the Harlem/Lake station on the CTA Green Line, the Oak Park Metra Station and numerous CTA Bus stops. Interstate 290 provides direct access into downtown and is just 1.5-miles away. The property enjoys great walkability with many of the amenities being within walking distance.

■ The Frank Lloyd Wright Historic District is a model of smart growth — its compact design features a connected street grid with alleys and sidewalks — the neighborhood has embraced transit-oriented design and adaptive reuse. Here residents, tourists, commuters, bicyclists, and motorists move seamlessly through what is one of the most architecturally endowed urban landscapes in the country.

4 uj

RENT ROLL

DETAILS # OF BEDS # OF BATHS CURRENT

Unit 1 2 1 $1,500

Unit 2 2 1 $1,500

Unit 3 2 1 $1,550

Unit 4 3 1.5 $1,800

Unit 5 3 1.5 $1,800

Unit 6 * 4 2 $2,600

TOTAL 16 Bedrooms 8 Bathrooms $10,750

* Currently owner occupied

5 INCOME & EXPENSES

INCOME CURRENT PER UNIT

Gross Potential Rent $129,000 $21,500

Laundry $500 $83

Gross Potential Income $129,500 $21,583

Vacancy (5.0%) ($6,475) ($1,079)

Effective Gross Income $123,025 $20,504

EXPENSES

Real Estate Taxes $18,040 $3,007

Insurance $3,738 $623

Utilities $5,925 $987

Repairs & Maintenance $5,811 $968

Management (5%) $6,151 $1,025

Total Expenses $39,665 $6,611

Net Operating Income $83,360 $13,893

$83,360 NET OPERATING INCOME

6 PROPERTY PHOTOGRAPHS

7 PROPERTY PHOTOGRAPHS

8 SITE PLAN

MAPLE AVE

9 AREA LOCATION MAP

GRANT WHITE ELEMENTARY SCHOOL

314 N MAPLE AVE

HARLEM/LAKE

OAK PARK

LAKE ST HARLEM AVE HARLEM

CHICAGO AVE 10 AREA LOCATION MAP CHICAGO RIVER NORTH NEAR LINCOLN PARK NORTH SIDE NEAR WEST SIDE EAST GARFIELD PARK

HUMBOLDT PARK

WEST GARFIELD PARK

AUSTIN COLUMBUS PARK

314 N MAPLE AVE OAK PARK

OAK PARK

HARLEM/LAKE

11 OAK PARK | IL

1 MI 3 MI 5 MI Oak Park POPULATION

2020 Estimated 31,563 300,371 803,267 52,568 2025 Projected 30,432 294,226 785,959 50,544 2010 Census 31,077 306,818 823,446 51,878

BUSINESS 2020 Est, Total Businesses 1,836 8,970 21,340 2,624 2020 Est. Total Employees 16,393 90,922 227,080 20,669

HOUSEHOLDS 2020 Estimated 16,014 111,910 281,148 24,445 2025 Projected 15,650 111,004 279,047 23,774

LOCATION OVERVIEW – OAK PARK, IL 2010 Census 14,822 108,035 272,999 22,670 Oak Park is a thriving community of about 52,000 people located immediately west of the City of Chicago (9-miles from the Central Business District) and known for its architectural heritage and diverse INCOME population. Within its 4.5 square miles live one of the region's most diverse mixes of cultures, races, ethnicities, professions, lifestyles, religions, ages and incomes. Average Household Income $140,159 $90,781 $80,939 $130,570 Oak Park boasts excellent schools, world class architecture, shopping, dining and an extensive public Median Household Income $95,367 $66,043 $60,248 $93,647 transportation network. Oak Park has an abundance of public transportation options that will let you get into, out of and around the community effortlessly. Two Chicago Transit Authority (CTA) elevated rail lines (Blue and Green), the Metra (Union Pacific West Line) train, PACE and CTA bus lines serve Oak Park. FRANK LLOYD WRIGHT HISTORIC DISTRICT A virtual living museum of the last 150 years of architecture in the U.S., the Frank Lloyd Wright Historic District contains the world's single greatest concentration of residences designed by architects collectively known as the Prairie School. The extraordinary range of architecture illustrates Oak Park's evolution from rural village to urban suburb. Architect Frank Lloyd Wright moved to Oak Park in 1889 at age 21. The neighborhood contains 23 buildings that he designed or remodeled, including his own home and studio, before he left the village in 1913. Characterized by their horizontal form, low-pitched roof lines, restrained ornamentation, and open floor plan, the Prairie style homes in Oak Park are among more than 1,700 residential and commercial properties that contribute to the area's designation as a local and national historic district. Incorporated in 1902 and just nine miles from Chicago's downtown Loop, Oak Park developed its first plan in 1925. A village-wide architectural survey, completed in 1970, formed the basis for many community plans and village actions, including the 558-acre neighborhood's designation as a local and national historic district. A model of smart growth — its compact design features a connected street grid with alleys and sidewalks — the neighborhood has embraced transit-oriented design and adaptive reuse. Here residents, tourists, commuters, bicyclists, and motorists move seamlessly through what is one of the most architecturally endowed urban landscapes in the country.

803,000+ 227,000+ $80,500+ PEOPLE WITHIN 5 MILES EMPLOYEES WITHIN 5 MILES AVERAGE HOUSEHOLD INCOME 12 HORVATH& TREMBLAY

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