540 Lyman Ave Oak Park, IL 60304
Estimated payment $3,533/month
Highlights
- Above Ground Pool
- Deck
- Wood Flooring
- Longfellow Elementary School Rated A-
- American Four Square Architecture
- Formal Dining Room
About This Home
Welcome home to this beautiful 3 bedroom, 1.5 bath home in the Arts District of Oak Park. This handsome American foursquare boasts huge curb appeal with a deep front porch spanning the width of the house, perfect for enjoying the tree-lined neighborhood views. Step inside to the warm and inviting living and dining areas with generous west and southern exposures that conspire to attract an abundance of natural light. Cozy up next to the gas fireplace during the colder months and lounge on the rear deck next to the outdoor pool during the summer. Upstairs you will find three bedrooms, including the larger primary and a modern double vanity full bath. The family room, laundry and half bath are located downstairs in the walkout basement. Other amenities include: all stainless appliances, central heating and air conditioning and a two car garage. Also, complete tear off roof replacement in 2023! Last but by no means least is the location, location, location! With easy access to downtown Oak Park, Chicago commuters will find themselves on the I-290 Eisenhower Expressway within minutes of leaving home. Alternatively, both the Green and Blue El lines are less than a mile away and easily accessible on foot.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,687
Year Built
- Built in 1904
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 36x125
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- American Four Square Architecture
- Brick Foundation
- Asphalt Roof
Interior Spaces
- 1,344 Sq Ft Home
- 2-Story Property
- Fireplace
- Family Room
- Living Room
- Formal Dining Room
- Pull Down Stairs to Attic
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Dual Sinks
- Soaking Tub
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Outdoor Features
- Above Ground Pool
- Deck
- Fire Pit
Schools
- Longfellow Elementary School
- Percy Julian Middle School
- Oak Park & River Forest High Sch
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $13,687 | $45,300 | $6,423 | $38,877 |
| 2023 | $12,162 | $45,300 | $6,423 | $38,877 |
| 2022 | $12,162 | $35,091 | $4,588 | $30,503 |
| 2021 | $11,885 | $35,091 | $4,588 | $30,503 |
| 2020 | $11,677 | $35,091 | $4,588 | $30,503 |
| 2019 | $10,117 | $29,799 | $4,129 | $25,670 |
| 2018 | $9,735 | $29,799 | $4,129 | $25,670 |
| 2017 | $10,701 | $33,003 | $4,129 | $28,874 |
| 2016 | $9,618 | $26,395 | $3,441 | $22,954 |
| 2015 | $9,123 | $27,922 | $3,441 | $24,481 |
| 2014 | $8,496 | $27,922 | $3,441 | $24,481 |
| 2013 | $7,164 | $24,643 | $3,441 | $21,202 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Rent | $3,000 | 0.0% | -- |
| 07/29/2025 07/29/25 | For Sale | $449,000 | 0.0% | $334 / Sq Ft |
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | Price Changed | $449,000 | -2.2% | $334 / Sq Ft |
| 06/19/2025 06/19/25 | Price Changed | $459,000 | -2.1% | $342 / Sq Ft |
| 04/24/2025 04/24/25 | Price Changed | $469,000 | 0.0% | $349 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $469,000 | -- | $349 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Citywide Title Corporation | |
| Warranty Deed | $265,000 | Ticor Title | |
| Warranty Deed | $171,000 | Prairie Title | |
| Quit Claim Deed | $130,000 | Prairie Title | |
| Legal Action Court Order | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,800 | New Conventional | |
| Closed | $26,700 | Future Advance Clause Open End Mortgage | |
| Closed | $266,514 | New Conventional | |
| Closed | $242,332 | New Conventional | |
| Closed | $96,000 | Stand Alone Second | |
| Closed | $35,000 | Stand Alone Second | |
| Closed | $272,000 | Unknown | |
| Closed | $25,000 | Credit Line Revolving | |
| Closed | $10,000 | Unknown | |
| Closed | $220,500 | Unknown | |
| Previous Owner | $153,900 | No Value Available | |
| Previous Owner | $126,250 | No Value Available | |
| Closed | $0 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12343506
APN: 16-17-106-014-0000
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