BEDS7
BATHS3 full
MLS#12716444
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 200
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Heating: Radiator(s)
Home Style: Victorian
Lot Size: 31 X 89
Roof Type: Asphalt
Taxes: $14,028
Feature Descriptions
Exterior: Frame
Lot Dimensions: 31 X 89
Parcel#: 16071100080000
Sewer: Public Sewer
Total Rooms: 16
Township: Oak Park
Water: Lake Michigan
Local Schools
High School: Oak Park & River Forest High Sch
Middle School: Gwendolyn Brooks Middle School
Elementary School: Oliver W Holmes Elementary Schoo
School District: District 200
Listed By / Shown By
Listed By
Agency Name: Avenue 1 Realty Group
Agency Phone: 773-622-4663
Shown By
Agent Name: Aimee Leon
Agent Phone: (815) 516-7879
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,601.12 per month $3,225.04 Principal & Interest $1,169.00 Property Tax $207.08 Homeowner's InsuranceChange Payment Information
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227 N Marion Street | MLS# 12716444
This multi-family property located at 227 N Marion Street , Oak Park, IL 60302 is currently listed for sale with an asking price of $710,000. N Marion Street is located within the District 200 school district. Search Oak Park real estate on aleon.gogambino.com today.