214 Chicago Avenue
Oak Park, IL, 60302
$1,150,000
11 Beds
6 Baths
0 SqFt
0.14 Acres
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MLS #MRD12646372 image #0
Rare investment opportunity in the heart of Oak Park featuring three separate income-producing structures on one property. This unique offering includes a classic brick 3-unit multifamily building, a beautifully updated 3-bedroom 2-bath coach house, and a detached 3-car brick garage-creating multiple income streams and exceptional flexibility for investors or owner-occupants alike. The main building consists of three spacious 3-bedroom, 1-bath apartments, plus a full finished basement with shared laundry facilities and private tenant storage areas. Built with solid brick construction, this classic Chicago-style multifamily property offers the durability, character, and long-term investment appeal buyers seek. Tenants pay their own gas and electric utilities, helping maximize owner efficiency and cash flow. Extensively renovated in 2020, major improvements include new windows, separate HVAC systems for each unit, and a roof in excellent condition. The finished basement is equipped with washers, dryers, and dedicated storage rooms for tenant convenience. The coach house provides tremendous versatility as either a premium long-term rental, owner-occupied residence, or short-term rental opportunity. Recently updated, it features newer flooring, renovated bathrooms, three bedrooms, two full baths, and private in-unit laundry. Its independent layout and modern finishes make it highly desirable for a variety of rental strategies. Adding even more value is the detached 3-car brick garage, offering additional rental income potential or secure owner storage. Ideally located within walking distance of the CTA Green Line, Metra, downtown Oak Park shopping, restaurants, and entertainment, this property combines strong current income with significant long-term appreciation potential in one of the Chicago area’s most sought-after communities. Opportunities like this are rare-schedule your private showing today.

Property Details

Price:
$1,150,000
MLS #:
MRD12646372
Status:
Active
Beds:
11
Baths:
6
Type:
Multi Family
Neighborhood:
oakpark
Listed Date:
May 29, 2026
Year Built:
1927
Oak ParkOakparkOak Park & River Forest High SchOak Park & River Forest High SchOak Park & River Forest High Sch

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Schools

School District:
200
Elementary School:
Oak Park & River Forest High Sch
Middle School:
Oak Park & River Forest High Sch
High School:
Oak Park & River Forest High Sch

Interior

Heating
Natural Gas

Exterior

Community Features
Curbs, Sidewalks, Street Lights
Construction Materials
Brick
Garage Spaces
3.5
Other Structures
Guest House, Garage(s)
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
35
Parking Total
3.5

Financial

Tax Year
2023
Taxes
$11,307

Map

Community

Market Summary

Current real estate data for Multi Family in Oak Park as of Oct 04, 2026
5
Multi Family Listed
48
Avg DOM
$939,800
Avg List Price

Property Summary

    214 Chicago Avenue Oak Park IL is a Multi Family for sale in Oak Park, IL, 60302. It is listed for $1,150,000

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214 Chicago Avenue
Oak Park, IL