Real estate investors are flocking to Oak Park, a so-called “Urban-Suburban” town. And with good reason.
Mark Halper of Kaiser Group (and the author of the linked article) has closed 161units in the past eight months.
New construction of multifamily rentals is running at a pace rarely seen in the suburbs, nearly matching rates seen in Chicago proper. In the fourth quarter of 2019, two-bedroom units in Oak Park were $2,517 per month and $1,898 for one-bedroom units.
Oak Park has a lot going in its favor. It’s well located near multiple transportation options. It’s also an established community with a long history and has the “feel” of some of Chicago’s nicest neighborhoods. There is a Whole Foods, multiple other grocers and retail stores such as Target.
Add in a very good school system, and you can see why Oak Park is becoming an investor’s dream.
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.