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227 N Marion Street

Oak Park, IL 60302
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Bed 7

Bed

Bath 3

Bath

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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Detail Ic Property Details

Property Type : Residential Income

Price : $710,000

AD Id : 88551802

MLS Id : MRD12716444

Beds : 7

Year Built : --

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 7

    Bathroom Information

    Total Baths: 3

    Room Information

    Rooms Total: 16

    Interior Features

    Roof: Asphalt

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Frame
  • Heating & Cooling

    Heating: Radiator(s) WaterSource: Lake Michigan

  • Lot Information

    Lot Dimensions: 31 X 89 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Style: Victorian Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$710000

  • Tax Information

    Annual Tax: $14028.36 Tax Year: 2024 Parcel Number: 16071100080000 Tax Exemption: Homeowner

  • School Information

    Elementary School: Oliver W Holmes Elementary Schoo Junior High School: Gwendolyn Brooks Middle School Senior High School: Oak Park & River Forest High Sch
  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    City: Oak Park Direction: 2 BLOCKS EAST OF HARLEM 2 BLOCKS N OF LAKE ST
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Nearby Home Value

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530 Washington Boulevar.., Oak Park, IL, 60302 $325,000 3 2 1,700 1,700 SqFt
415 S Maple Avenue #503, Oak Park, IL, 60302 $168,000 2 1 1,000 1,000 SqFt
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118 N Taylor Avenue #1, Oak Park, IL, 60302 $270,000 2 2 --
1038 Superior Street #1W, Oak Park, IL, 60302 $231,000 1 1 --
240 S Marion Street #1N, Oak Park, IL, 60302 $650,000 3 2 2,166 2,166 SqFt
240 S Maple Avenue #1W, Oak Park, IL, 60302 $220,000 2 1 1,012 1,012 SqFt
344 S Maple Avenue #2B, Oak Park, IL, 60302 $375,000 3 2 1,400 1,400 SqFt
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ByOwner last updated this listing 07/30/2026 @ 06:20

MLS: MRED #12716444 LISTED BY: Stephanie Mack, Avenue 1 Realty Group 773-622-4663 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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