OAK PARK, ILL. — Draper and Kramer has acquired Eleven33, a 263-unit property in Oak Park, about 10 miles west of downtown Chicago. The firm also will assume management of the property. Eleven33 was 95 percent leased at the time of sale and has averaged 94.4 percent occupancy since January 2024. It includes studio, one-, two- and three-bedroom units, with monthly asking rents currently starting at $1,945. Select floor plans feature a private balcony or terrace or access to a shared terrace. Amenities include a 24-hour fitness center with yoga and exercise studios, a parlor area with a billiards table, two conference rooms, a clubroom and entertainment lounge with a catering kitchen, indoor bike storage, a fifth-floor terrace with fire pits and grilling stations, an indoor dog run with outdoor access and a controlled-access parking garage. The sales price and seller were not announced, but Lincoln Property Co. developed the asset in 2019.
Chicago-based Draper and Kramer has acquired Eleven33, a 12-story, 263-unit luxury community in downtown Oak Park, Ill., located across from the Chicago Transit Authority’s Harlem/Lake Green Line station as well as Metra’s Oak Park station on the Union Pacific West Line.
Draper and Kramer Buy 263-Unit Luxury Property Near Chicago
0