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$1,150,000

Est. payment - /mo

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11 Beds

6 Baths

6,098 Sqft Lot

Price Dropped by $50K

214 Chicago AVE Oak Park, IL 60302

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Ariel Manlapaz

bbtbhomes2020@gmail.com +1(847) 924-7177

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12646372

Bedrooms 11

Year Built 1927

Annual Tax Amount $11,307

Tax Year 2023

Lot Size 6,098 Sqft

Lot Dimensions 150 x 33

Property Sub-Type Two to Four Units

Property Description

Rare investment opportunity in the heart of Oak Park featuring three separate income-producing structures on one property. This unique offering includes a classic brick 3-unit multifamily building, a beautifully updated 3-bedroom 2-bath coach house, and a detached 3-car brick garage-creating multiple income streams and exceptional flexibility for investors or owner-occupants alike. The main building consists of three spacious 3-bedroom, 1-bath apartments, plus a full finished basement with shared laundry facilities and private tenant storage areas. Built with solid brick construction, this classic Chicago-style multifamily property offers the durability, character, and long-term investment appeal buyers seek. Tenants pay their own gas and electric utilities, helping maximize owner efficiency and cash flow. Extensively renovated in 2020, major improvements include new windows, separate HVAC systems for each unit, and a roof in excellent condition. The finished basement is equipped with washers, dryers, and dedicated storage rooms for tenant convenience. The coach house provides tremendous versatility as either a premium long-term rental, owner-occupied residence, or short-term rental opportunity. Recently updated, it features newer flooring, renovated bathrooms, three bedrooms, two full baths, and private in-unit laundry. Its independent layout and modern finishes make it highly desirable for a variety of rental strategies. Adding even more value is the detached 3-car brick garage, offering additional rental income potential or secure owner storage. Ideally located within walking distance of the CTA Green Line, Metra, downtown Oak Park shopping, restaurants, and entertainment, this property combines strong current income with significant long-term appreciation potential in one of the Chicago area's most sought-after communities. Opportunities like this are rare-schedule your private showing today.

Location

State IL

County Cook

Area Oak Park

Rooms

Basement Finished, Exterior Entry, Full

Interior

Heating Natural Gas

Equipment Multiple Water Heaters, Water Heater-Gas

Fireplace N

Exterior

Garage Spaces 3.5

Community Features Curbs, Sidewalks, Street Lights

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Oak Park & River Forest High Sch

Middle Schools Oak Park & River Forest High Sch

High Schools Oak Park & River Forest High Sch

School District 200 , 200, 200

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Michael Savegnago of Legacy Properties, A Sarah Leonard Company

NEARBY SCHOOL & BUSINESS

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Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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214 Chicago AVE Oak Park, IL 60302

Ariel Manlapaz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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214 Chicago AVE