TWITTER            LINKEDIN Chicago Office: 120 E. Liberty Dr. Wheaton, IL 60187
Austin Office: 500 W 5th St. Austin, TX 78701

2.7 Years

Hold Term

7.1%

IRR

1.21x

Equity Multiple Return

Mobile Ave Apartments

8855 S. Mobile Ave., Oak Lawn, IL 60453

Property Type: Multifamily

Sold in Q4 of 2017, Mobile Ave Apartments is a 2 building, 24 unit 1970’s constructed apartment complex located in Oak Lawn, IL, a suburb of Chicago. The property is located near numerous retail shops including a grocery store and a large community park.

The property was wholly owned by First Capital Advisors Multi-Family Real Estate Fund, LP and managed by FCA Asset Management.  FCA added value to the property by increasing rents to a market level and completing light renovations within nine apartment units.