For Sale Commercial MLS# 12767844

314-316 N Maple Avenue

Oak Park, IL 60302

$1,490,000

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About 314-316 N Maple Avenue

Excellent investment opportunity in Oak Park! This well-maintained 7-unit multifamily building offers a desirable mix of units, current rental income and 6 off-street parking spaces. The property features three 3-bed/1.5-bath units, three 2-bed/1-bath units and one 2-bed/1-bath garden unit. All units are currently tenant occupied, with five units leased on year-long terms and two units month-to-month, providing a combination of stable income and future flexibility. The sellers have completed numerous updates and improvements, including a brand-new roof, renovated garden unit, new common-area washer and dryer, new in-unit refrigerators, stoves and dishwashers in several units, rear tuckpointing, necessary plumbing repairs and a freshly painted deck. With a strong unit mix, established occupancy, off-street parking and numerous recent capital improvements, this property offers an excellent opportunity for an investor looking to add a multifamily asset to their portfolio in Oak Park.

Property details

Property

Type
commercial
Year built
1931
Living area
7,110 sqft
Price / sqft
$210
Lot
0.11 ac

Schools

District
Oak Park and River Forest District 200

Location

Subdivision
Frank Lloyd Wright Historic District
Neighborhood
Frank Lloyd Wright Historic District

Location

Neighborhood
Frank Lloyd Wright Historic District
School district
Oak Park and River Forest District 200

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Listed by Terrie Whittaker, Redfin Corporation

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.