Discover this expansive 4,508 sq. ft. all-brick, 5 unit mid-century multifamily property with 5 dedicated parking spaces in the vibrant community of Oak Park,Illinois. This well-maintained, located on 2 lots solid all brick building features a diverse unit mix, including two 1-bedroom, 1-bath units (approximately 700 sq. ft. each), two 2 bedroom, 1-bath units (approximately 975 sq. ft. each), and a unique two-story, 2-bedroom, 2-bath unit (approximately 1,500 sq. ft.), which is duplexed with an interior spiral staircase-offering the space of two combined one-bedroom units. Each unit boasts generous living space, hardwood floors, wood cabinetry, ceramic bathrooms, eat-in kitchens with table spaces, and separate dining and living rooms. Tenants are responsible for their own gas, heat, hot water, electricity, and air conditioning, with individual boilers and water heaters per unit. The landlord's expenses are minimal, covering only cold water, trash, and common area utilities. Additional property amenities include a coin-operated washer and dryer owned by the landlord and rare to find on site parking. This is an excellent opportunity for investors to acquire a well-kept & well managed by long time owner property in Oak Park's thriving rental market, with potential for increased rents. Recent updates include a roof (about 7/8 years old) soffits & gutters (about 3 years old), and aluminum window trim (about 3 years). Conveniently located just 10 miles from downtown Chicago, Oak Park offers easy access to the Blue Line train and I-290 and is one of the most desirable suburbs, known for its diversity, community, world-renowned architecture, and upscale neighborhoods. Located within acclaimed Oak Park/Forest Park High School and about a block away from Lincoln Elementary. Walking distance to bus stop, numerous restaurants, retail, music hall, breweries, grocery stores, parks etc. Can't beat this amazing location! Fully rented with quality long-term tenants-an investment opportunity not to be missed!
Once in a lifetime opportunity to own this income generating mix-used building in Oak Park. Very attractive Building Located on the N. W. Corner of Roosevelt Rd. & South East Ave. with paved 4 parking spaces in the back & 2 cars brick garage. All 6 units (3 Retail Stores & 3 Apartments on 2nd floor) has been renovated since 2016, every unit's heat, a/c and utilities has been separated. 5 of the units are occupied except 1 commercial unit is vacant that is for lease. It is very convenient to get on I-290, Harlem and North Riverside Mall. Plenty of parks, businesses & retail near by. Must See!
Welcome to this charming 5-unit building in the heart of Oak Park, Illinois, where classic elegance meets modern convenience. This well-maintained property features four spacious units, each offering 2 bedrooms and 1 bath, perfect for comfortable living. These units provide a warm and inviting atmosphere with ample natural light and thoughtful design. The standout feature of the building is the expansive basement unit, which stretches across the width of the building and boasts 2 bedrooms and 2 bathrooms. This unique unit offers additional privacy and space, making it ideal for those seeking a little extra room to stretch out. Residents and tenants will appreciate the convenience of the four-car brick garage, providing ample parking and extra storage space. The building's brick exterior and well-kept grounds enhance its curb appeal, while the location in Oak Park places you in a vibrant community known for its historic charm and convenient amenities. Whether you're looking for a solid investment opportunity or a new place to call home, this property offers both practicality and comfort in a desirable location.The roof was redone August of 2022, and tuck-pointing was finished Dec 2022-Jan2023. Stainless steel appliances throughout the building and newer kitchens.
The median home value in Oak Park, IL is $405,000. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Oak Park, IL is $405,000. Approximately 56.42% of Oak Park homes are owned, compared to 37.76% rented, while 5.81% are vacant. Oak Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oak Park real estate agent to arrange a tour today!
Oak Park, Illinois 60304 has a population of 54,100. Oak Park 60304 is more family-centric than the surrounding county with 31.58% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Oak Park, Illinois 60304 is $98,081. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Oak Park 60304 is 39.9 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 38.4 inches per year, with 36.3 inches of snow per year.