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About This Home

This 11-bedroom, 6-bathroom residential multi family at 214 Chicago Avenue in Oak Park, IL is listed for $1,200,000. Built in 1927, on a 0.14 acres lot.

Agent 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 ent

ertainment, 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.

Key Features

  • Built in 1927
  • 0.14 acre lot
  • 4 parking spaces

Property Details

5 full, 1 half
4 spaces
1927

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

214 Chicago Avenue

Oak Park, IL 60302

Property Details

Construction

Brick

Parking

GarageOpen

Heating

Natural Gas

Questions & Answers

This 11-bedroom, 6-bathroom residential multi family at 214 Chicago Avenue is listed at $1,200,000. The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

Key features include: Built in 1927, 0.14 acre lot, 4 parking spaces.

This property is listed by Michael Savegnago and can be reached at (224) 999-9100 or mikesav.realestate@gmail.com.

MS

Michael Savegnago

Agent at Legacy Properties, A Sarah Leonard Company

(224) 999-9100

Listed by Legacy Properties, A Sarah Leonard Company · View on Broker Site

MLS# 12646372· Source: listhub· Updated 3 days ago

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214 Chicago Avenue, Oak Park, IL 60302

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