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  • $590,000

    224 N Austin Blvd, Oak Park, IL 60302

    8beds
    --sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $778,100 Zestimate®
    $--/sqft
    $2,148 Estimated rent

    Home value

    $778,100

    $724,000 - $848,000

    $2,148/mo

    Zestimate® history
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    $4,199/mo

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    What's special

    Gorgeous original woodworkGarage roofFresh paintFreshly paintedUpdated bathroomsNew flooringWooden built-ins
    Pride of long-term owner occupancy is evident in this beautiful classic brick 3-flat. With 1 unit currently generating rental income and the other 2 units vacant and move-in ready, this building is an ideal purchase for a buyer looking to owner-occupy OR a wise investor. The spacious units feature gorgeous original woodwork and wooden built-ins, big updated kitchens with large islands, updated bathrooms, and bonus rooms perfect for den/office space. Not only are the units move-in ready, but the heavy lifting is DONE! The building roof was a complete tear-off in 2016 and garage roof was a complete tear-off in 2018. The entire building had new windows installed in 2019. Gutters on both the garage and house were replaced in 2018. Kitchens and bathrooms were updated in 2019. All units have been freshly painted and even the stairwells have fresh paint and new flooring. The 1st floor unit has all new light fixtures. A sizeable FULLY-FINISHED attic with 7+ ft. ceilings offers the perfect opportunity to duplex up or use as flex space. The basement offers plenty of storage space and a laundry area. Both the front and back yards are nicely landscaped and the fully fenced backyard is surrounded by lush trees and lovely foliage, making it an oasis to be enjoyed from the large patio. The 3-car brick garage is divided into two separate bays, a great layout for rental purposes. A short distance to the green line, bus stop, Stevenson Park, Pete's Fresh Market, One Lake Brewery, Oak Park Recreation Center, and more! Estimated rents for the 1st and 2nd floor units are around $2100 each based on a market rent survey. The building is zoned for multi-family and all units are legal. Whether you're looking for an income-producing rental investment or for a building that will feel like home, this property is a win.

    Zillow last checked:

    Listing updated:

    Listed by:

    Hannah Gillespie, RENE 708-203-2064,

    Baird & Warner

    Bought with:

    Grigory Pekarsky

    Vesta Preferred LLC

    Source: MRED as distributed by MLS GRID,MLS#: 11804643MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Steam, Radiator(s)
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Finished,Exterior Entry,Egress Window,Storage Space,Full

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio
    • Exterior features: Balcony
    • Fencing: Fenced
    Lot
    • Size: 8,320 Square Feet
    Details
    • Additional structures: Garage(s)
    • Parcel number: 16083110120000
    • Zoning: MULTI
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & HOA

    Location
    • Region: Oak Park

    Financial & listing details

    • Tax assessed value: $570,000
    • Annual tax amount: $17,486
    • Date on market: 7/21/2023
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/15/2023Sold$590,000-1.3%
    Source: MRED as distributed by MLS GRID #11804643 Report a problem
    7/31/2023Contingent$598,000
    Source: MRED as distributed by MLS GRID #11804643 Report a problem
    7/21/2023Listed for sale$598,000
    Source: MRED as distributed by MLS GRID #11804643 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$16,989 -1.7%$57,000
    2023$17,285 -3.5%$57,000 +12.4%
    2022$17,903 +2.4%$50,728
    2021$17,487 +0.6%$50,728
    2020$17,386 +12.2%$50,728 +15.8%
    2019$15,489 +3.9%$43,800
    2018$14,906 +2.1%$43,800
    2017$14,601 +6.1%$43,800 +19.4%
    2016$13,757 -3%$36,677 -12.5%
    2015$14,176 +7.5%$41,933
    2014$13,191 +2.2%$41,933 -0.8%
    2013$12,906 -0.3%$42,286
    2012$12,946 +2.6%$42,286
    2011$12,621 -5.6%$42,286 -11.2%
    2010$13,365 +4.5%$47,628
    2009$12,790 -4.7%$47,628 -13.6%
    2008$13,427 +12.6%$55,095 +5.1%
    2007$11,929 +3.5%$52,419
    2006$11,529 +2.4%$52,419
    2005$11,254 +27.3%$52,419 +50.1%
    2004$8,841 +7.4%$34,924
    2003$8,232 +21.4%$34,924
    2002$6,782 +6.9%$34,924 +38%
    2001$6,346 +3.5%$25,304
    2000$6,133 $25,304
    1999-- $25,304
    Find assessor info on the county website

    Neighborhood: 60302

    Nearby schools

    GreatSchools rating
    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
    $778,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $778,100