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400-404 S ELMWOOD AVEOAK PARK

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In 1839 Joseph Kettlestrings, a native of England, settled on a section of land now bounded by Lake Street, Chicago Avenue, Oak Park Avenue, and Harlem Avenue. The home he built on the southwest corner of that tract was the first house in Oak Park. The Village of Oak Park was officially incorporated in 1902 and today has a thriving community of 52,000 people. Oak Park attracts architecture buffs and others to view the many Frank Lloyd Wright designed homes found in the village. In fact, the largest collection of Wright-designed residential properties in the world is located within Oak Park. Oak Park is in District 200 and the public high school is Oak Park and River Forest High School. Elementary and middle schools are located in District 97 and include 8 elementary schools and two middle schools. The Park District of Oak Park was created in 1912 and serves the recreational needs of the village residents. The District offers two outdoor pools, an indoor ice rink, the Oak Park Conservatory, seven recreation centers, and 13 parks.

Oak Park

SEAN KELLYReal Estate Broker773.383.0000 directSKelly@KoenigRubloff.com

Berkshire Hathaway HomeServicesKoenigRubloff Realty Group

Elmwood Street Condominiums consists of 9 condo units that were built in 1989. The property is ideally situated close to schools and within walking distance to many bus lines and “L” stops. Currently the units are individually owned however some are rented out while others are lived in by the owners. Due to current market factors, mixed with the vintage of this property and its location- its capturing the attention of Multi-Family investors for the purpose of de-converting the property to apartments, followed by renovation and stabilization.

Building strengths • Location is this buildings strongest attribute • High ranking school system • Large floor plans • Corner lot with great natural light for units • .2 miles to green line • Covered indoor and outdoor parking • Low traffic cul-de-sac street

400-404 S ELMWOOD AVE Oak Park

SeanKelly.KoenigRubloff.com

*The ideal investors for this kind of a purchase are mid to large scale private owner/operator of apartment buildings in Chicagoland. The buyer will likely be an investor who seeking out a value add property and is experienced in construction and building renovations.