NOT LISTED FOR SALE

245 S Maple Ave Oak Park, IL 60302

Oak Park Area
6 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: May 11, 2023

Last sale price $785,000

79 Days on Market

Highlights

  • Sun or Florida Room
  • 5-minute walk to Harlem/Lake Station (Green Line)
  • Enclosed Patio or Porch
  • Oliver W Holmes Elementary School Rated A-
  • 3 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of May 2023

A vintage three-unit apartment building located at 245 South Maple Avenue in Oak Park, Illinois. Residents for this property are only a few blocks from a CTA Stop, and within close proximity to all of downtown Oak Park. Situated in a west Oak Park location, the subject property is close to downtown Oak Park (approximately one-half mile) and the CTA Blue Line Harlem/Lake station (approximately two blocks). Consisting of three two-bedroom / one-bathroom unit (approximately 1,300 square feet), these units offer very large layouts with upgraded finishes and hardwood floors. Recent capital improvements include all new windows in 2021, tuckpointing in 2020, new roof and hot water heater in 2019 and new plumbing risers in 2017. On-site, there is a coin-operated laundry room and a detached three car garage. Here, an investor has an opportunity to acquire a stable property in a Chicago suburb. This property fits well as a stand-alone property or within a portfolio.

Last Agent to Sell the Property

Brigette Bell

B2B Investment Properties LLC License #471006530 Listed on: 01/16/2023

Last Buyer's Agent

Kip Thang

Real 1 Realty License #475192187

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,429

Year Built

  • Built in 1924

Lot Details

  • 6,970

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • Sun or Florida Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Steam
  • Lake Michigan Water

Additional Features

  • Enclosed Patio or Porch
  • 6,970 Sq Ft Lot

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $70,131
  • Net Operating Income $37,611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,429

Year Built

Built in 1924

Lot Details

6,970 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1924
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch, Sun Room
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Hardwood Floors

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Other Expenses $: 36120

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 6,800 SF
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 37611
  • GrossIncome: 70131
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 17428.61
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
May 11, 2023
Sold by
Bought by
Seller's Agent
Brigette Bell
B2B Investment Properties LLC
Buyer's Agent
Kip Thang
Real 1 Realty
List Price
$785,000
Sold Price
$785,000
Views
236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
0.0688%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,250
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 31, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$785,000 Prairie Title
$780,000 Chicago Title
$27,000 --
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 Borrower Loan Amount
Open $628,000
Previous Owner $551,250
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
05/11/2023 05/11/23 Sold $785,000 0.0% --
04/06/2023 04/06/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $785,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $21,190 $65,000 $10,200 $54,800
2024 $21,190 $65,000 $10,200 $54,800
2023 $17,885 $65,000 $10,200 $54,800
2022 $17,885 $46,576 $7,650 $38,926
2021 $17,429 $46,576 $7,650 $38,926
2020 $17,003 $46,576 $7,650 $38,926
2019 $15,318 $39,927 $6,970 $32,957
2018 $14,744 $39,927 $6,970 $32,957
2017 $14,421 $39,927 $6,970 $32,957
2016 $13,971 $34,711 $5,780 $28,931
2015 $12,517 $34,711 $5,780 $28,931
2014 $11,632 $34,711 $5,780 $28,931
2013 $14,196 $43,622 $5,780 $37,842
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11701606

Midwest Real Estate Data (MRED)
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