227 N MARION Street Oak Park, IL $ 710,000
227 N MARION Street
$ 710,000
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227 N MARION Street

Oak Park, IL, 60302
$ 710,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 4,483

227 N MARION Street, Oak Park, IL 60302 - Image 1
227 N MARION Street, Oak Park, IL 60302 - Image 2
227 N MARION Street, Oak Park, IL 60302 - Image 3
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227 N MARION Street, Oak Park, IL 60302 - Image 9

Multi-Family Home for sale in Oak Park, IL

for $710,000 with 7 bedrooms and 3 full baths.

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.

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Multi-Family Active

Price

$ 710,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 14,028

Style

Victorian

Town/City

Oak Park

County/Region

Cook

MLS | Web ID

12716444

Features
General
Sewer Public Sewer
Heating Radiator(s)
Possession Closing
Roof Asphalt
Zoning MULTI
Architectural Style Victorian
Construction Materials Frame
Township Oak Park
Tax Year 2024
Ownership Fee Simple
Gross Income 54453
County Cook
Net Operating Income 0
Insurance Expense 191
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 16
Status New
Directions 2 BLOCKS EAST OF HARLEM 2 BLOCKS N OF LAKE ST
High School Oak Park & River Forest High Sch
City Oak Park
High School District 200
MLS Area Oak Park
Elementary School Oliver W Holmes Elementary Schoo
Tax Annual Amount 14028.36
Middle/Junior High School Gwendolyn Brooks Middle School
Trash Expense 0
Water Sewer Expense 600
Standard Status Active
Middle/Junior School District 97
Elementary School District 97
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Interior
Basement Unfinished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Water Source Lake Michigan
Total Parking 0
Foundation Details Concrete Perimeter
Lot Dimensions 31 X 89
Waterfront Y/N N
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* Excluded Features
List By
Avenue 1 Realty Group

Broker

smack@av1realty.com

Email

Affordability Calculator

$5,652
Per Month
79%
21%
0%
Monthly Principal & Interest
$4,483
Monthly Property Taxes
$1,169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565661 Elementary School
567542 Middle School
Oak Park & River Forest High Sch High School
Pricing History
DatePricePrice ChangeDescription
7/29/2026$710,000 Listed Price

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227 N MARION Street, Oak Park, IL, 60302 is a Multi-Family Home for sale at $710,000. 227 N MARION Street has 7 bedrooms and 3.0 baths. The property's zip code is 60302 which is in Oak Park, IL