5901 W Race AVE Chicago, IL 60644

Two neighboring buildings on a single parcel located in one of the best pockets of the Austin neighborhood. The buildings are comprised of (9) 2 Bd/1 Ba, (1) 3 Bd/1 Ba, & (1) 4 Bd/2 Ba units, totaling 11-units with a shared fenced-in yard. Additionally, there are two partially built-out full bathrooms in the basement, offering the opportunity to add a 12th unit for further income. A majority of the apartments have been lightly renovated throughout the years and are currently fully occupied. 516-18 N. Mayfield Ave. & 5901-03 W. Race Ave. are situated on a quiet corner just blocks away from downtown Oak Park and 0.2 miles north of the Austin Green Line station. The location provides convenient access to a variety of local amenities and major employers in both Oak Park and the city of Chicago. The Subject Property presents investors with an opportunity to acquire two vintage buildings in a desirable location with operational upside. Current rents are approximately 25% below market, providing investors the ability to capture significant rental upside with the units in "As-Is" condition.