$900,000

Estimated payment $6,335/month

Total Views 64,637
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Traditional Architecture
  • Soaking Tub
  • Fenced
  • 4 Car Detached Garage
  • Ceiling Fan

About This Home

Exceptional opportunity to acquire a solid brick vintage 4-unit full occupancy in highly desirable Oak Park, a transit oriented submarket known for stable tenancy and longterm appreciation. Located just off 290, this classic 1925 building sits on an oversized 50x125 lot and features four spacious 2 bed/1bath units with timeless character-original hardwood floors, tall ceilings, vintage trim, ceiling fans, and abundant natural light throughout. Each unit includes a full appliance package with stove, refrigerator, dishwasher and pantry, supporting strong tenant demand and easy leasing. Updated kitchens and baths. All units occupied, offering stable income. A full unfinished basement provides excellent storage capacity and potential for expanded laundry or future value added improvements. The property also includes a rare 4 car detached garage plus an additional exterior space, creating additional income and enhancing overall return. Outdoor amenities include a rear porch perfect for tenant seating and a fully enclosed wooden privacy fence, increasing tenant appeal and longterm retention. Tenants pay electric and gas, reducing operating exposure and supporting stronger net performance. With a 6.7% CAP rate built on strong annual rental income and minimized operating expenses, this asset delivers the fundamentals investors seek. Stable cash flow, low vacancy risk, and multiple avenues for value creation in one of Oak Park's most desirable rental corridors. Property being sold as-is.

Listing Agent

Vanessa Carlson

Illinois Discount Realty License #471016540 Listed on: 08/02/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,659

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x125
  • Fenced

Parking

  • 4 Car Detached Garage
  • Parking Available
  • Garage Door Opener
  • On-Street Parking
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Outdoor Features

  • Exterior Lighting

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • 4 Unit

Building Details

  • Electric Expense $360
  • Fuel Expense $4,140
  • Insurance Expense $2,800
  • Maintenance Expense $1,200
  • Trash Expense $3,300
  • Water Sewer Expense $3,300
  • Net Operating Income $90,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,659

Year Built

Built in 1925

Lot Details

0 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • HabitableResidenceYN: Yes
  • New Construction: No
  • Year Built: 1925
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: Ceiling Fan(s)
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Garage/Space
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Garage/Space

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Lighting
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Side Apron, Owned, Garage
  • ParkingTotal: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 3300
  • Water Sewer Expenses: 3300

Lot Info

  • Lot Dimensions: 50X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 90120
  • Fuel Expense: 4140
  • Insurance Expense: 2800
  • ElectricExpense: 360
  • Maintenance Expense: 1200
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 16658.83
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,739 $48,977 $8,915 $40,062
2024 $16,739 $48,977 $8,915 $40,062
2023 $15,654 $51,345 $8,915 $42,430
2022 $15,654 $40,766 $6,527 $34,239
2021 $15,254 $40,766 $6,527 $34,239
2020 $16,280 $44,596 $6,527 $38,069
2019 $15,982 $41,658 $5,890 $35,768
2018 $15,383 $41,658 $5,890 $35,768
2017 $16,898 $46,784 $5,890 $40,894
2016 $13,845 $34,399 $4,935 $29,464
2015 $12,405 $34,399 $4,935 $29,464
2014 $12,347 $36,845 $4,935 $31,910
2013 $13,103 $40,261 $4,935 $35,326
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/02/2026 08/02/26 For Sale $900,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $286,500 --
Warranty Deed $230,000 Attorneys Title Guaranty Fun
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $272,150 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12722022

Midwest Real Estate Data (MRED)

APN: 16-17-315-002-0000

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