227 Marion Street, Oak Park, Illinois 60302
$710,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $14,028 |
| Days On Market: | 3 |
| Lot Size: | 0,00 |
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.
Property Specifics
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| 12716444 | |
| 16071100080000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
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Grade School
Oliver W Holmes Elementary Schoo |
97 | — | |
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Middle School
Gwendolyn Brooks Middle School |
97 | Not in DB | |
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High School
Oak Park & River Forest High Sch |
200 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Mar, 2011 | Sold | $270,000 | MRED MLS |
| 7 Dec, 2010 | Under contract | $275,000 | MRED MLS |
| — | Last price change | $339,000 | MRED MLS |
| 26 Aug, 2010 | Listed for sale | $399,900 | MRED MLS |
| 2 May, 2023 | Sold | $591,000 | MRED MLS |
| 16 Apr, 2023 | Under contract | $599,000 | MRED MLS |
| — | Last price change | $650,000 | MRED MLS |
| 15 Feb, 2023 | Listed for sale | $650,000 | MRED MLS |
| 27 Jul, 2026 | Listed for sale | $710,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 31 X 89 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2011 | $9,732 |
| 2023 | $11,844 |
| 2026 | $14,028 |
Contact Agent
Contact Agent
Listing Provided By
Avenue 1 Realty Group
