


214 Chicago AvenueOak Park, IL 60302
Multi-Family · 11 Beds · 0.14 Acres214 Chicago Avenue Overview
- Time on Site:
- 32 days
- Visits:
- 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.
214 Chicago Avenue Facts & Features
- Type Multi-Family
- Lot 0.14 Acres
Details
General
School Information
- School District: 200
- Elementary School: Oak Park & River Forest High Sch
- Middle Or Junior School: Oak Park & River Forest High Sch
- High School: Oak Park & River Forest High Sch
Income/Expenses
- Electric Expense: 600
- Gross Income: 102240
- Insurance Expense: 4602
- Water Sewer Expense: 2009
Building Information
- New Construction: No
- Year Built: 1927
Location/Region
- County Or Parish: Cook
- MLS Area Major: Oak Park
- Township: Oak Park
Community/Development
- Community Features: Curbs, Sidewalks, Street Lights
Tax Information
- Tax Annual Amount: $11,307.00
- Tax Year: 2023
General Information
- Ownership: Fee Simple
- Parcel Number: 16053230230000
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 1
- Garage Spaces: 3.5
Beds/Baths
- Bathrooms Total: 6
- Bedrooms Total: 11
- Bedrooms Possible: 11
- Full Baths Building: 5
General Information
- Basement: Finished, Exterior Entry, Full
- Foundation Details: Brick/Mortar, Concrete Perimeter
- Heating: Natural Gas
- Other Equipment: Multiple Water Heaters, Water Heater-Gas
- Rooms Total: 24
Exterior
Parking Information
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Parking Total: 3.5
Lot Information
- Lot Size Acres: 0.14
- Lot Size Dimensions: 150 x 33
- Water Source: Lake Michigan, Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Other Structures: Guest House,Garage(s)
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 1720
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 2100
- Beds Total: 3
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 2200
- Beds Total: 3
- Baths Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Actual Rent: 2500
- Beds Total: 3
- Baths Total: 2
214 Chicago Avenue Neighborhood
Community
60302 (Oak Park) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.214 Chicago Avenue Monthly Cost
214 Chicago Avenue Market Data
Based on the last 30 days in this zip code
214 Chicago Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/3/2026Source: MRED | Active |
|
| 5/29/2026Source: MRED | May 29, 2026 |




















































