About This Home

This 8-bedroom, 4-bathroom residential multi family at 17 Garfield Street in Oak Park, IL is listed for $900,000. Built in 1925, on a N/A lot.

Key Features

  • Built in 1925
  • 5 parking spaces

Property Details

4 full
5 spaces
1925
Listing Description

Exceptional opportunity to acquire a solid brick vintage 4-unit full occupancy in highly desirable Oak Park, a transit oriented submarket known for stable tenancy and longterm appreciation. Located just off 290, this classic 1925 building sits on an oversized 50x125 lot and features four spacious 2 bed/1bath units with timeless character-original hardwood floors, tall ceilings, vintage trim, ceiling fans, and abundant natural light throughout.

Each unit includes a full appliance package with stove, refrigerator, dishwasher and pantry, supporting strong tenant demand and easy leasing. Updated kitchens and baths. All units occupied, offering stable income. A full unfinished basement provides excellent storage capacity and potential for expanded laundry or future value added improvements.

The property also includes a rare 4 car detached garage plus an additional exterior space, creating additional income and enhancing overall return. Outdoor amenities include a rear porch perfect for tenant seating and a fully enclosed wooden privacy fence, increasing tenant appeal and longterm retention.

Tenants pay electric and gas, reducing operating exposure and supporting stronger net performance. With a 6.7% CAP rate built on strong annual rental income and minimized operating expenses, this asset delivers the fundamentals investors seek. Stable cash flow, low vacancy risk, and multiple avenues for value creation in one of Oak Park's most desirable rental corridors. Property being sold as-is.

Monthly Cost Estimate

$4,813/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$263

Estimates only. Actual payments may vary.

Location

17 Garfield Street

Oak Park, IL 60304

Features & Amenities

Exterior Features

Lighting

Property Details

Construction

Brick

Parking

GarageOpenOwned

Heating

Radiant

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 17 Garfield Street is listed at $900,000. The estimated monthly payment is $4,814 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 5 parking spaces. Exterior Features: Lighting.

This property is listed by Vanessa Carlson and can be reached at (708) 542-4577.

VC

Vanessa Carlson

Agent at Illinois Discount Realty

(708) 542-4577

Listed by Illinois Discount Realty · View on Broker Site

MLS# 12662198· Source: listhub· 7 days on market

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17 Garfield Street, Oak Park, IL 60304

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