Presenting a legal, 4-unit brick all brick multi-family building in Oak Park. This fully occupied building is currently home to long-term tenants, offering a steady income stream at below-market rents. With significant potential to increase rents, this property presents a lucrative investment opportunity. The building comprises: One (1) garden unit, spanning 1200 sq ft, featuring 2 bedrooms and 1 bathroom. Three (3) spacious apartments, each measuring 1800 sq ft, boasting 4 bedrooms and 1 bathroom. These units offer separate dining, living room, and kitchen areas, providing ample space for comfortable living. The property has been well-maintained, with recent upgrades including an updated electric panel, a new boiler, and a newer roof. The common basement area houses 2 sets of coin-operated washer/dryer units, adding convenience for the tenants. Outside, the property features a common space in the backyard with a 3-car garage. This turn-key property offers a fantastic investment opportunity, ready for new ownership to take over and reap the benefits. Don't miss out on this chance to own a piece of Oak Park's real estate market.
Closed
$770,000
12 S Austin Blvd, Oak Park, IL 60304
14beds
--sqft
Multi Family
Built in 1925
-- sqft lot
$908,200 Zestimate®
$--/sqft
$2,140 Estimated rent
Home value
$908,200
$845,000 - $981,000
$2,140/mo
Zestimate® history
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List your homeWhat's special
Fully occupied buildingNew boilerKitchen areasAmple spaceSeparate diningUpdated electric panelNewer roof
Zillow last checked:
Listing updated:
Listed by:
Mark Kowalik 773-697-5555,
Baird & Warner
Bought with:
Christine Jankelow
Compass
Source: MRED as distributed by MLS GRID,MLS#: 11974279
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Den, Utility Room-Lower Level
Bathroom
- Features: Separate Shower
Heating
- Natural Gas, Steam, Radiator(s)
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 3
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 3,484 Square Feet
- Dimensions: 30 X 124
Details
- Parcel number: 16171070200000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Oak Park
Financial & listing details
- Tax assessed value: $580,000
- Annual tax amount: $17,730
- Date on market: 2/6/2024
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $770,000-0.6% |
Source:  MRED as distributed by MLS GRID #11974279 Report a problem | ||
| 2/14/2024 | Contingent | $774,900 |
Source: MRED as distributed by MLS GRID #11974279 Report a problem | ||
| 2/6/2024 | Listed for sale | $774,900+53.4% |
Source: MRED as distributed by MLS GRID #11974279 Report a problem | ||
| 5/30/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/1/2021 | Price change | $1,775-4.1% |
Source: Zillow Rental Manager Report a problem | ||
| 4/7/2021 | Listed for rent | $1,850 |
Source: Zillow Rental Manager Report a problem | ||
| 1/5/2018 | Sold | $505,000 |
Source: MRED as distributed by MLS GRID #09676079 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $58,000 |
| 2023 | $17,827 +0.5% | $58,000 +17% |
| 2022 | $17,730 +2.4% | $49,593 |
| 2021 | $17,311 +2% | $49,593 |
| 2020 | $16,971 -12.4% | $49,593 -1.8% |
| 2019 | $19,375 +3.9% | $50,500 |
| 2018 | $18,648 -15.1% | $50,500 -16.9% |
| 2017 | $21,955 +11.7% | $60,785 +24.5% |
| 2016 | $19,651 +11.6% | $48,824 |
| 2015 | $17,607 +7.6% | $48,824 |
| 2014 | $16,361 -2.2% | $48,824 -5% |
| 2013 | $16,723 +0% | $51,386 |
| 2012 | $16,718 -6.1% | $51,386 -9.5% |
| 2011 | $17,796 +16.7% | $56,777 +8.6% |
| 2010 | $15,254 +4.6% | $52,283 |
| 2009 | $14,586 +1.7% | $52,283 -7% |
| 2008 | $14,342 +16% | $56,219 +19.5% |
| 2007 | $12,367 +2.7% | $47,054 |
| 2006 | $12,046 +2.6% | $47,054 |
| 2005 | $11,742 +20% | $47,054 +28.9% |
| 2004 | $9,782 +7.8% | $36,492 |
| 2003 | $9,077 +3.9% | $36,492 |
| 2002 | $8,734 +25.6% | $36,492 +43% |
| 2001 | $6,954 +3.6% | $25,513 |
| 2000 | $6,714 +3.9% | $25,513 |
| 1999 | $6,464 | $25,513 |
Find assessor info on the county website
Neighborhood: 60304
Nearby homes
- $--3 bd1 ba1.8k sqft12 S Austin Blvd APT 2, Oak Park, IL 60304Off Market
- $--4 bd1 ba1.8k sqft12 S Austin Blvd APT 3, Oak Park, IL 60304Off Market
- $--3 bd1 ba1.6k sqft12 S Austin Blvd APT 1, Oak Park, IL 60304Off Market
- $804,1008 bd4 ba5.5k sqft16 S Austin Blvd, Oak Park, IL 60304Off Market
- $457,1004 bd2 ba1k sqft18 S Austin Blvd #1, Oak Park, IL 60304Off Market
- $274,5002 bd1 ba1.1k sqft18 S Austin Blvd APT 2, Oak Park, IL 60304Off Market
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- $359,2003 bd2 ba2k sqft20 S Austin Blvd APT 1, Oak Park, IL 60304Off Market
Nearby schools
GreatSchools rating
- 10/10Longfellow Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Percy Julian Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Oak Park & River Forest High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- High: Oak Park & River Forest High Sch
- District: 97
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$908,200
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Estimated market value
$908,200
- Illinois
- Cook County
- Oak Park
- 60304
- 12 S Austin Blvd
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