Photo 1 of 19
$775,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 10 |
|
0 |
$19,335.90 |
1918 |
|
On the market:
1 day
|
View full details, photos, school info, and price history
Value-add buildings in highly sought after Oak Park don't come along often. This is one of them. A solid-brick, legal 4-unit with three oversized 3-bedroom/1-bath units (approx. 1,425 sq ft each) and a garden studio. Each 3-bedroom features hardwood floors, crown molding, original woodwork, and decorative fireplaces-the vintage character Oak Park renters seek out-plus an updated second floor kitchen. Current rents total $5,945/month. Current rents are well below market rate. Great opportunity to increase the monthly rental income and increase cash flow! Terrific opportunity. Tenants pay their own heat and electric in the 3-bedroom units with individual gas forced-air furnaces (two replaced in the last 3 years), separate gas and electric meters, and a new 75-gallon water heater (2026). Relined chimney front tuckpointing coin laundry income 3-car garage shared basement with tenant storage. All units leased. Three blocks to the CTA Blue Line and minutes to I-290. Located highly rated school districts. Irving Elemantary is currently rated 9/10 at Greatschools and Oak Park River Forest High School is currently rated 10/10!! Prefer to live in? Take a unit and let three others help cover your mortgage. Well maintained building with below-market rents, real upside.
Listing courtesy of Cory Kohut, Compass