Listing provided courtesy of Legacy Properties, A Sarah Leonard CompanyMREDas Distributed by MLSGrid- MLS# 12646372MLS Provider

214 Chicago AvenueOak Park, IL 60302

Multi-Family · 11 Beds · 0.14 Acres
$1,200,000 Active

214 Chicago Avenue Overview

Time on Site:
31 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.

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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

42
Median Age
10,484
Population Density (per sq. mile)
75%
College Educated
$91,914
Estimated Median Income
8,030
Estimated Total Home Owners
5,515
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

214 Chicago Avenue Market Data

Based on the last 30 days in this zip code

$542,432
Average List Price
$329
Average Price per Square Foot
49
Properties Sold
52
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

214 Chicago Avenue History

Date Event Value Agent
6/3/2026Source: MRED Status Change
Active
5/29/2026Source: MRED Added to Database
May 29, 2026