100 Forest Place | Oak Park, IL 60301
234 Units | Built: 1986 | 910 Avg SF
Berkadia Institutional Solutions powered by Moran is pleased to present an exclusive listing for the sale of 100 Forest Place, a total rehab opportunity in the heart of one of the most convenient and dynamic locations in the Midwest. 100 Forest Place is a neighborhood unto itself, offering both high-rise unit and townhome unit lifestyles, designed to appeal to the majority of renters in one magnificent location. The 16-story high-rise tower with unobstructed views and modern amenities blends seamlessly with the 3-story townhome buildings featuring mature landscaping and quiet neighborhood feel among a bustling urban retail location in historic and popular downtown Oak Park, Illinois.
Completed in 1986, 100 Forest Place enjoys one of the best residential locations in suburban Chicago, offering abundant walkable retail, recreation, and entertainment options all less than 15 minutes from the Loop via Metra Commuter Rail and less than 25 minutes via CTA “L” trains. The walkable lifestyle and direct multi-modal access makes 100 Forest Place an ideal rental alternative to downtown Chicago.
100 Forest Place is essentially untouched and awaiting a full coordinated renovation program to all units, common areas, and amenities.
Since 2009, 1,272 new luxury apartment units have been delivered within four blocks of 100 Forest in five properties. The average rent across these new properties is approximately $2,300 per unit per month and $2.70 PSF. The rent gap of over $550 per unit per month and $0.60 PSF between the 100 Forest Place Tower units and these new properties presents a clear opportunity for immediate and achievable rent growth through a total rehab program at the Property.
1 Parking Garage
Average Unit SF
125 S. Wacker Drive, Suite 400
Chicago, IL 60606
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