227 N Marion Street,Oak Park, IL 60302
Oak Park, IL 60302
Description
Don't miss this opportunity to own a classic Victorian three-flat in the heart of Oak Park's renowned Frank Lloyd Wright Historic District. Rich in architectural character, each unit features soaring ceilings, original crown molding, hardwood flooring, and updated tile bathrooms. Recent improvements include a new roof and gutters (2017), new boilers (2025), and a freshly painted exterior (2025). Each unit has an assigned washer and dryer, and all utilities are separately metered. Situated on a picturesque, tree-lined street, this exceptional location is just steps from the Green Line, Trader Joe's, Whole Foods, Downtown Lake Street, shopping, dining, and more. While there is no overnight parking on-site, a community parking garage is conveniently located just one-half block south of the building. With no vacancies in the past 15 years and a strong, desirable rent roll, this property presents an excellent opportunity for investors or future owner-occupants. The property is being sold as-is. All units are currently leased through next year, and the existing leases must be honored by the new owner. Owner occupancy is possible once a unit becomes available in accordance with the lease terms. Cash or conventional financing only. This is a rare opportunity to acquire a stable, income-producing property with classic Victorian charm in one of Oak Park's most sought-after historic neighborhoods.
Details
| MLS # | 12716444 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 45 |
| Listing Provided By | Avenue 1 Realty Group | Stephanie Mack |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Zoning | MULTI |
Interior
| Rooms Total | 16 |
|---|---|
| Heating | Radiator(s) |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Frame |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 14028.36 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Oak Park |
| Zip Code | 60302 |
| Area | Oak Park |
| School District | Oak Park & River Forest High Sch |
| Elementary School | Oliver W Holmes Elementary Schoo |
| High School | Oak Park & River Forest High Sch |
| Listing VS Median (in 60302) | |
Price: $710,000 low | high Med: $339,000 On site: 45 low | high Med: 1 | |
Market Activity 60302
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Oak Park |
| Zip Code | 60302 |
| Area | Oak Park |
| School District | Oak Park & River Forest High Sch |
| Elementary School | Oliver W Holmes Elementary Schoo |
| High School | Oak Park & River Forest High Sch |
| Listing VS Median (in 60302) | |
Price: $710,000 low | high Med: $339,000 On site: 45 low | high Med: 1 | |
