Illinois / Park Ridge / 60068 / 1620 West Dempster Street

1620 West Dempster Street

Park Ridge, IL 60068

Listing ID: 236254

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Property Type Multifamily for Sale
Lot Size Acres 0.000
Building Sq Ft 16,000

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.

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 Population		24,541	151,053	350,563
Population Median Age		41	42	42
Population by Age	0-9 Yrs	2970 (12%)	17250 (11%)	40160 (11%)
	10-19 Yrs	1997 (8%)	16409 (10%)	39709 (11%)
	20-29 Yrs	3880 (15%)	16410 (10%)	35578 (10%)
	30-39 Yrs	3346 (13%)	19037 (12%)	43780 (12%)
	40-49 Yrs	2396 (9%)	18532 (12%)	44680 (12%)
	50-59 Yrs	3452 (14%)	22818 (15%)	51627 (14%)
	60-69 Yrs	2906 (11%)	19279 (12%)	45146 (12%)
	70+ Yrs	3593 (14%)	21317 (14%)	49883 (14%)

Median HH Income		$69,729	$77,935	$81,387
Total Household Income	< 24K	1330 (15%)	8523 (14%)	19399 (14%)
	25-49K	1657 (19%)	10498 (18%)	22478 (16%)
	50-74K	1520 (18%)	8565 (15%)	20375 (15%)
	75-99K	1142 (13%)	7203 (12%)	16917 (12%)
	100-199K	2024 (23%)	15086 (26%)	37146 (27%)
	200K+	769 (9%)	6989 (12%)	16836 (12%)

Highest Education Level	No Diploma	2470	10355	22421
	Diploma or GED	4138	23201	52722
	Some College	2563	18670	43738
	Assoc. Degree	1599	8927	19387
	Bachelors Degree	4863	30411	71356
	Higher Degree	2394	18811	46075

Total Housing Units		8,844	60,436	141,790
--Owner-Occupied		5,365	42,296	97,978
--Renter-Occupied		3,077	14,569	35,173
Owner-Occupied Values	< 100K	513	2532	5135
	100-199K	1312	7481	13523
	200-299K	1204	10479	23111
	300-399K	950	8944	24164
	400-499K	485	5262	13426
	500K+	901	7598	18618

Total Working Age Population		20,252	123,774	286,259
In Work Force		12,640	79,257	181,868
Not In Work Force		7,612	44,517	104,391
Workforce Employed		12,006	76,194	175,086
Workforce Unemployed		634	3,034	6,674
Civlian Workforce		12,640	79,228	181,760
Military Workforce		0	28	107

Total Households		8,442	56,865	133,151
Family Households		6,080	38,580	90,688
Non-Family Households		2,363	18,285	42,463
Married Couple		4,579	30,932	73,816
Other Family		1,501	7,648	16,872
Married w/Child		1,947	12,923	30,148
Single Male w/Child		136	717	1,603
Single Female w/Child		462	2,026	4,994

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
DuPage County	904,161	+1	916,924	+10	1,010,323	+2	1,034,039

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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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.

Listing Location & Map Views

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