The Oaks
114 S Humphrey Ave, Oak Park, IL 60302OVERVIEW
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The Affordable Housing Group is pleased to present The Oaks, a 76-unit senior housing community for people 62 and older or those with disabilities located in the vibrant and evolving submarket of Oak Park, adjacent to Chicago with a view of the skyline.
This HUD 202 property is a 96% Project-Based Section 8 property, offering stable, government-backed rental income and serving a vital need for deeply affordable senior housing in one of Chicago’s most sought-after suburbs.
Investment Highlights
PROPERTY
First time on the market
Well-managed asset with consistently strong historical occupancy
Non-profit owner has been an excellent steward of the community
value
96% Project-Based Section 8 Elderly Designated
Over $600/month in rental upside
Opportunity
Opportunity for LIHTC preservation rehab
Potential for local tax abatement through nonprofit ownership structure
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INVESTMENT ADVISORY TEAM
John L Nguyen
Managing Principal
Affordable Housing Group
- MOBILE: 714-356-5049
- EMAIL: john@national-ahg.com
- LIC NO.: 01303273
Jesse Elsanhuty
Senior Director
Affordable Housing Group
- MOBILE: 562-320-3614
- EMAIL: jesse@national-ahg.com
- LIC NO.: 01773542
Brian Luethke
Director
Affordable Housing Group
- MOBILE: 201-983-7727
- EMAIL: brian@national-ahg.com
- LIC NO.: 02191657