NOT LISTED FOR SALE

321 Wisconsin Ave Oak Park, IL 60302

Oak Park Area
9 Beds
3 Baths
1,400 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: October 31, 2024

Last sale price $1,215,000 $868 Per Sq Ft

68 Days on Market

About This Home

As of October 2024

A vintage, four-unit apartment property located at 321 Wisconsin Avenue in Oak Park, Illinois. Oak Park is one of Chicago's most sought-after suburbs for homeowners and renters. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. Oak Park is approximately nine miles west of the Chicago Loop and is accessible via the Eisenhower expressway, Metra train, and the CTA train and bus lines. This property is located approximately 10 miles to O'Hare International Airport. The property features four three-bedroom, one-bathroom units (approximately 1,400 square feet each) with large layouts that feature sunrooms, separate dining rooms and covered screen porches. Unit features include hardwood floors, dishwashers in the kitchens, ceiling beams, art glass windows, security locks and lights, wood built-ins, nine-foot ceilings and ceiling fans. Tenants enjoy a coin-operated laundry facility on-site, a private backyard and a covered deck. There are four garage parking spaces available to the tenants. Here, an investor has the opportunity to acquire a well-maintained apartment property with upside in rent in an excellent Oak Park location.

Last Agent to Sell the Property

Brigette Bell

B2B Investment Properties LLC License #471006530 Listed on: 06/07/2024

Last Buyer's Agent

Brigette Bell

B2B Investment Properties LLC License #471006530 Listed on: 06/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,528

Year Built

  • Built in 1914

Lot Details

  • 8,712

Parking

  • 4 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Schools

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

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • 8,712 Sq Ft Lot

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $4,632
  • Gross Income $117,354
  • Net Operating Income $80,171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,528

Year Built

Built in 1914

Lot Details

8,712 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Other Expenses $: 9799

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 0.20 ACRE
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 80171
  • Insurance Expense: 4632
  • GrossIncome: 117354
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 24528
  • Tax Year: 2022

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
Jun 7, 2024
Closed on
Sep 30, 2024
Sold by
Bought by
Seller's Agent
Brigette Bell
B2B Investment Properties LLC
Buyer's Agent
Brigette Bell
B2B Investment Properties LLC
List Price
$1,350,000
Sold Price
$1,215,000
Premium/Discount to List
-$135,000
-10%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
0.0612%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 25, 1996
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
$1,215,000 None Listed On Document
$399,000 --
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
Previous Owner $729,000
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
10/31/2024 10/31/24 Sold $1,215,000 -10.0% $868 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $1,350,000 -- $964 / Sq Ft
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 $23,146 $71,000 $13,005 $57,995
2024 $23,146 $71,000 $13,005 $57,995
2023 $24,528 $71,000 $13,005 $57,995
2022 $24,528 $63,878 $9,754 $54,124
2021 $23,902 $63,876 $9,753 $54,123
2020 $23,318 $63,876 $9,753 $54,123
2019 $23,864 $62,201 $8,886 $53,315
2018 $22,969 $62,201 $8,886 $53,315
2017 $22,987 $63,644 $8,886 $54,758
2016 $22,831 $56,725 $7,369 $49,356
2015 $21,407 $59,362 $7,369 $51,993
2014 $19,892 $59,362 $7,369 $51,993
2013 $20,327 $62,460 $7,369 $55,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12077835

Midwest Real Estate Data (MRED)
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