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227 N Marion Street , Oak Park, IL 60302

$710,000
  • 227 N Marion Street , Oak Park, IL 60302 Main Photo

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New to the Market New
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.

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 jberry.gogambino.com today.

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: Jennifer Berry
Agent Phone: (815) 871-6156
Agency Title: Gambino Realtors

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Estimated Payment

$ 4,601.12 per month $3,225.04 Principal & Interest $1,169.00 Property Tax $207.08 Homeowner's Insurance

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