About This Home

This 7-bedroom, 3-bathroom residential multi family at 227 N MARION Street in Oak Park, IL is listed for $710,000. on a N/A lot.

Property Details

3 full
Listing 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.

Monthly Cost Estimate

$3,797/mo

20% down · 6.5% · 30 years

Principal$513
Interest$3,077
Insurance$207

Estimates only. Actual payments may vary.

Location

227 N MARION Street

Oak Park, IL 60302

Property Details

Construction

Frame

Heating

Other (Heating)

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 227 N MARION Street is listed at $710,000. The estimated monthly payment is $3,797 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Stephanie Mack and can be reached at (773) 622-4663.

SM

Stephanie Mack

Agent at Avenue 1 Realty Group

(773) 622-4663

Listed by Avenue 1 Realty Group · View on Broker Site

MLS# 12716444· Source: listhub· 3 days on market

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227 N MARION Street, Oak Park, IL 60302

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