Multifamily Housing
1620 West Dempster Street Park Ridge, IL 60068
Details & Description
Call for Pricing
    Essex Realty Group, Inc. has been exclusively engaged to market for sale 1620 W. Dempster Street, a 16-unit apartment property in the highly desirable Chicago suburb of Park Ridge. The unit mix consists of four (4) studios and twelve (12) 1Bd/1Ba units. The Property features twenty-two (22) exterior parking spaces, as well as fourteen (14) covered garage spaces.Partially renovated in 2010, the subject property has received several upgrades to its mechanicals and units. Updated units feature new flooring, white cabinets, LED light fixtures, and stainless-steel appliances. A future investor may increase rental income by completing additional renovations to the remainder of the units.The Property is directly across the street from Lutheran General Hospital, less than a mile from Maine East High School, and is located off Dempster St., which features numerous shops and restaurants. The Dee Road Metra Station is located 1.5 miles from the Subject Property providing tenants easy access to downtown Chicago and the surrounding suburbs.
    Listing Agents
    Brian Mond

    O: 312-662-9590
    brianmond@essexrealtygroup.com
    Brian Karmowski

    O: 773-305-4892
    briankarmowski@essexrealtygroup.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1620 West Dempster Street

    Park Ridge, IL 60068

    Listing ID: 236254
    1620 West Dempster Street Park Ridge, IL 60068 | for Sale | Photo 1
    Building Size: 16,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Description

    Essex Realty Group, Inc. has been exclusively engaged to market for sale 1620 W. Dempster Street, a 16-unit apartment property in the highly desirable Chicago suburb of Park Ridge. The unit mix consists of four (4) studios and twelve (12) 1Bd/1Ba units. The Property features twenty-two (22) exterior parking spaces, as well as fourteen (14) covered garage spaces.

    Partially renovated in 2010, the subject property has received several upgrades to its mechanicals and units. Updated units feature new flooring, white cabinets, LED light fixtures, and stainless-steel appliances. A future investor may increase rental income by completing additional renovations to the remainder of the units.

    The Property is directly across the street from Lutheran General Hospital, less than a mile from Maine East High School, and is located off Dempster St., which features numerous shops and restaurants. The Dee Road Metra Station is located 1.5 miles from the Subject Property providing tenants easy access to downtown Chicago and the surrounding suburbs.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

    Park Ridge Area Market Trends

    Listing Demographics for 1620 West Dempster Street Park Ridge, IL 60068

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population24,541151,053350,563
    Population Median Age414242
    Population by Age0-9 Yrs2970 (12%)17250 (11%)40160 (11%)
    10-19 Yrs1997 (8%)16409 (10%)39709 (11%)
    20-29 Yrs3880 (15%)16410 (10%)35578 (10%)
    30-39 Yrs3346 (13%)19037 (12%)43780 (12%)
    40-49 Yrs2396 (9%)18532 (12%)44680 (12%)
    50-59 Yrs3452 (14%)22818 (15%)51627 (14%)
    60-69 Yrs2906 (11%)19279 (12%)45146 (12%)
    70+ Yrs3593 (14%)21317 (14%)49883 (14%)
    Median HH Income$69,729$77,935$81,387
    Total Household Income< 24K1330 (15%)8523 (14%)19399 (14%)
    25-49K1657 (19%)10498 (18%)22478 (16%)
    50-74K1520 (18%)8565 (15%)20375 (15%)
    75-99K1142 (13%)7203 (12%)16917 (12%)
    100-199K2024 (23%)15086 (26%)37146 (27%)
    200K+769 (9%)6989 (12%)16836 (12%)
    Highest Education LevelNo Diploma24701035522421
    Diploma or GED41382320152722
    Some College25631867043738
    Assoc. Degree1599892719387
    Bachelors Degree48633041171356
    Higher Degree23941881146075
    Total Housing Units8,84460,436141,790
    --Owner-Occupied5,36542,29697,978
    --Renter-Occupied3,07714,56935,173
    Owner-Occupied Values< 100K51325325135
    100-199K1312748113523
    200-299K12041047923111
    300-399K950894424164
    400-499K485526213426
    500K+901759818618
    Total Working Age Population20,252123,774286,259
    In Work Force12,64079,257181,868
    Not In Work Force7,61244,517104,391
    Workforce Employed12,00676,194175,086
    Workforce Unemployed6343,0346,674
    Civlian Workforce12,64079,228181,760
    Military Workforce028107
    Total Households8,44256,865133,151
    Family Households6,08038,58090,688
    Non-Family Households2,36318,28542,463
    Married Couple4,57930,93273,816
    Other Family1,5017,64816,872
    Married w/Child1,94712,92330,148
    Single Male w/Child1367171,603
    Single Female w/Child4622,0264,994

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    DuPage County904,161+1916,924+101,010,323+21,034,039

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Multifamily property in Park Ridge, IL?
    The size of the building/unit at 1620 West Dempster Street in Park Ridge is 16,000 square feet
    What is the population within 1 mile of 1620 West Dempster Street in Park Ridge?
    The population within 1 mile of 1620 West Dempster Street Park Ridge, IL 60068 is 24,541 people.
    Who do I contact for questions about 1620 West Dempster Street?
    You should contact the listing agent, Brian Mond, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 5
    Chicago Midway International Airport (MDW) 18
    General Mitchell International Airport (MKE) 63
    Price
    Call for Pricing
    Listing Agent
    Listing Co-Agent
    Brian Mond - CRE Agent at

    Brian Karmowski

    Essex Realty Group
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