Browse All Oak Park IL Multi-Family Properties for Sale

$850,000

11 Beds ⋅ 6 Baths ⋅ 12792778 MLS ⋅ NEW Status

937 Ontario Street, Oak Park

$650,000

6 Beds ⋅ 4 Baths ⋅ 12766158 MLS ⋅ CONTINGENT Status

Multiple offers received - best and final by 5pm 10/9. Rare Oak Park 3-unit opportunity on a deep 50x171 lot! This classic stucco two-flat plus coach house offers flexibility few properties can match: live in one unit and let the other two help fund the mortgage, keep extended family close while everyone has their own space, or add a solid income property to your portfolio. Each unit has its own kitchen and hardwood floors, and old-world character shines throughout with high ceilings, crown molding, and working pocket doors. Tenants pay their own electric, gas, and heat. Outside, relax on the backyard patio and garden beneath mature trees, and enjoy 5 exterior parking spaces, a true rarity in Oak Park. The full, partially finished basement adds storage and flexibility, and there's room for dedicated home offices. Long-time owners are moving on and thoughtful updates offer a clear path to growing rents. First floor unit in main house has 2 bedrooms on first floor and 2 in the basement. Second floor unit has 2 bedrooms. The main house has been owner occupied for over 20 years. Coach house has 1 bedroom on the first floor and 2 in the basement. Tenants pay 1,800 in rent per month and are month to month with 60 day notice. The location is hard to beat: walk to the L train, Whittier School, Oak Park and River Forest High School, Pete's Fresh Market, the GRC, skate park, Ridgeland Common's pool and ice arena. The Daily Bagel and Thai Neighbor restaurant just steps away. Easy access to downtown Chicago. Don't miss this one!

540 N Harvey Avenue, Oak Park

$699,000

5 Beds ⋅ 3 Baths ⋅ 12761153 MLS ⋅ ACTIVE Status

Exceptional opportunity to own a beautifully updated 2-flat in a prime Oak Park location-just a 1-minute walk to Rush Oak Park Hospital! This gorgeous property sits on a 40x170 lot and blends original architectural character with extensive modern updates throughout. Both units feature fresh paint, new appliances, updated flooring, custom cabinetry, beautifully tiled bathrooms, and new dual-zoned HVAC, while original hardwood floors and a stunning wood staircase preserve the home's timeless charm. The first-floor unit offers 2 bedrooms plus a spacious main living area, providing excellent flexibility and the potential to function as a 2+ bedroom layout. The second-floor unit features 3 bedrooms, 1.5 baths, generous living space, and its own private side entrance. Above the second unit is an enormous attic offering incredible additional space and endless possibilities. Outside, enjoy a massive fenced yard, large front and rear porches, and FOUR parking spaces conveniently located directly behind the property. Space is truly abundant inside and out! An outstanding option for related living, an investor looking to add a turnkey rental property to their portfolio or an owner-occupant looking to live in one unit while generating income from the other. With Rush Oak Park Hospital practically at your doorstep, easy expressway access, and shopping, dining, transportation, and neighborhood amenities within walking distance, the location is hard to beat. A beautifully updated Oak Park 2-flat offering character, versatility, income potential, and an incredible amount of space! Broker owned interest.

427 Wisconsin Avenue, Oak Park

$1,100,000

8 Beds ⋅ 4 Baths ⋅ 12733311 MLS ⋅ ACTIVE Status

Rare opportunity to own a beautifully renovated two-flat in highly sought-after North Oak Park and the Mann School District! Situated on an exceptionally large 50' x 191' lot, two massive units offer incredible living space, original architectural character, and extensive updates - an exceptional opportunity for a long-term investor or owner-occupant. This easy to rent and low-maintenance building with a prime walkable location has undergone extensive renovations and improvements since 2015, thoughtfully preserving its hardwood floors, rich woodwork, coffered ceilings, and leaded glass while updating kitchens, baths, mechanicals, and living spaces. With 8 bedrooms and 4 full baths across two spacious residences and a finished lower level, the property offers generous, flexible living space and an unusually substantial footprint for an Oak Park two-flat. The oversized lot offers a large backyard, brick paver patio, two-car garage, and additional exterior parking space - an exceptional amount of outdoor space for a multi-unit property. Located in the Mann School District and within walking distance of Oak Park Avenue, with easy access to shops, restaurants, parks, schools, and all that Oak Park has to offer. A rare combination of location, lot size, architectural character, extensive renovation, and strong income potential.

625 N Oak Park Avenue, Oak Park

$1,100,000

8 Beds ⋅ 4 Baths ⋅ 12726266 MLS ⋅ ACTIVE Status

Welcome to 534 S East Ave, Oak Park, IL - an outstanding multi-family property on a double lot offering endless potential for investors or owner-occupants alike. Experience an unparalleled blend of high-end design and investment versatility in this meticulously maintained multi-unit residence. The crown jewel of the property is the owner's duplex, a sprawling five-bedroom, three-bathroom sanctuary that has been elegantly curated with designer finishes. At its heart sits a gourmet chef's kitchen, perfectly complemented by soaring ceilings and rich hardwood floors that flow throughout the entire building. The second floor offers a spacious three-bedroom, one-bathroom apartment with in unit laundry ideal for high-end rental income or a multi-generational living arrangement. With expansive closet space and premium architectural details, this property represents a rare opportunity for the discerning buyer looking to secure a sophisticated home with significant equity potential. Located in a sought-after area of Oak Park, this property places you in the heart of a vibrant community with access to local amenities, shopping, dining, and entertainment. The charm and character of the neighborhood are unmatched, perfectly complementing the appeal of this versatile unique residence.

534 S East Avenue, Oak Park

$1,150,000

11 Beds ⋅ 6 Baths ⋅ 12646372 MLS ⋅ ACTIVE Status

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, Oak Park

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Browse All Oak Park IL Multi-Family Properties for Sale

Oak Park Multi-Family Real Estate

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