Value-add buildings in highly sought after Oak Park don't come along often. This is one of them. A solid-brick, legal 4-unit with three oversized 3-bedroom/1-bath units (approx. 1,425 sq ft each) and a garden studio. Each 3-bedroom features hardwood floors, crown molding, original woodwork, and decorative fireplaces-the vintage character Oak Park renters seek out-plus an updated second floor kitchen. Current rents total $5,945/month. Current rents are well below market rate. Great opportunity to increase the monthly rental income and increase cash flow! Terrific opportunity. Tenants pay their own heat and electric in the 3-bedroom units with individual gas forced-air furnaces (two replaced in the last 3 years), separate gas and electric meters, and a new 75-gallon water heater (2026). Relined chimney front tuckpointing coin laundry income 3-car garage shared basement with tenant storage. All units leased. Three blocks to the CTA Blue Line and minutes to I-290. Located highly rated school districts. Irving Elemantary is currently rated 9/10 at Greatschools and Oak Park River Forest High School is currently rated 10/10!! Prefer to live in? Take a unit and let three others help cover your mortgage. Well maintained building with below-market rents, real upside.
Listed By
Agency Name: Compass
Agency Phone: 708-666-8700
Shown By
Agent Name: Tina Tendall and Amanda Clark
Agent Phone: (815) 623-5555
Agency Title: Gambino Realtors
Estimated Payment
$ 5,357.58 per month $3,520.29 Principal & Interest $1,611.25 Property Tax $226.04 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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1110 S Austin Boulevard | MLS# 12800602
This multi-family property located at 1110 S Austin Boulevard, Oak Park, IL 60304 is currently listed for sale with an asking price of $775,000. S Austin Boulevard is located within the District 200 school district. Search Oak Park real estate on aclark.gogambino.com today.