17 Garfield St Oak Park, IL 60304
Oak Park AreaEstimated payment $6,335/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 | -- | -- |
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 |
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: Midwest Real Estate Data (MRED)
MLS Number: 12722022
APN: 16-17-315-002-0000
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