NOT LISTED FOR SALE

227 N Marion St Oak Park, IL 60302

7 Beds
3 Baths
-- Sq Ft
-- Built

Last Sold May 02, 2023

Last sale price $591,000

59 Days on Market

Highlights

  • Victorian Architecture
  • Oliver W Holmes Elementary School Rated A-
  • 3-minute walk to Austin Gardens

About This Home

As of May 2023

Charming victorian three flat in Oak Park's Frank Lloyd Wright historic district. Units feature beautiful high ceilings with original crown molding and hardwood flooring. Newer tile in all baths. All units have assigned washers/dryers. New Roof and gutters 2017. Desirable rent roll. All separate utilities. Charming picturesque neighborhood outstanding walk to everything location Green Line, Trader Joe's, Whole Foods and Downtown Lake Street. No overnight parking onsite however community garage is 1/2 block south of building. No vacancies in the past 11 years, extremely strong rent roll. Excellent investment opportunity (airbnb)or call it home with an income.

Last Agent to Sell the Property

Stephanie Mack

Avenue 1 Realty Group License #475156397 Listed on: 02/15/2023

Last Buyer's Agent

Michael Lennox

Morlen Realty Corporation License #471014310

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,844

Home Design

  • Victorian Architecture
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Oliver W Holmes Elementary Schoo
  • Gwendolyn Brooks Middle School
  • Oak Park & River Forest High Sch

Utilities

  • Radiator
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 31 x 89

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $191
  • Water Sewer Expense $400
  • Gross Income $42,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,844

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Window Air Conditioner,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 599000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 400
  • Other Expenses $: 0

Schools

  • Elementary School: Oliver W Holmes Elementary Schoo
  • High School: Oak Park & River Forest High Sch
  • Middle/Junior School: Gwendolyn Brooks Middle School
  • Middle/Junior School District: 97

Lot Info

  • Lot Dimensions: 31 X 89
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Insurance Expense: 191
  • GrossIncome: 42530
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11844.26
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Sold $591,000 -1.3% --
04/16/2023 04/16/23 Pending -- -- --
03/30/2023 03/30/23 Price Changed $599,000 0.0% --
03/30/2023 03/30/23 For Sale $599,000 +1.4% --
03/16/2023 03/16/23 Off Market $591,000 -- --
03/07/2023 03/07/23 Price Changed $625,000 -3.8% --
02/15/2023 02/15/23 For Sale $650,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11719764

Midwest Real Estate Data (MRED)