309 Chicago Ave Oak Park, IL 60302
Estimated payment $5,247/month
Highlights
- Recreation Room
- Sitting Room
- 2 Car Detached Garage
- Whittier Elementary School Rated A-
- Lower Floor Utility Room
- Enclosed Patio or Porch
About This Home
309 Chicago is a well-maintained two-unit property in Oak Park, originally owner-occupied and later converted into an upgraded multi-unit asset. The building features two spacious units: a 3-bed, 2-bath duplex-down (2,200+ SF) and a 3-bed, 1-bath simplex (1,100+ SF), both with sun-rooms for added space and natural light. Situated on an oversized 50' x 150' lot, the property includes a two-car garage plus two exterior parking spaces. It offers flexible exit strategies, including owner-occupancy with rental income, long-term hold as a multifamily investment, or future conversion back to a single-family home - all in a prime Oak Park location.
Listing Agent
Jameson Commercial Brokerage Phone: (312) 315-7173 License #475142196 Listed on: 03/04/2026
Co-Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (312) 315-7173 License #475188350
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,702
Year Built
- Built in 1910
Parking
- 2 Car Detached Garage
- Parking Available
Home Design
- Asphalt Roof
- Stucco
Interior Spaces
- Sitting Room
- Recreation Room
- Lower Floor Utility Room
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Schools
- Whittier Elementary School
- Percy Julian Middle School
- Oak Park & River Forest High Sch
Utilities
- Heating System Uses Steam
- Lake Michigan Water
Additional Features
- Enclosed Patio or Porch
- Lot Dimensions are 50 x 150
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $2,400
- Fuel Expense $3,000
- Insurance Expense $2,000
- Water Sewer Expense $1,800
- Gross Income $61,800
- Net Operating Income $35,898
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | For Sale | $749,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12583629
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.