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214 Chicago Ave 3 Unit Apartment Building $695,000 ($231,667/Unit) 11.35% Cap Rate Oak Park, IL 60302
Executive Summary
Remarks: Welcome to this rare 3 unit multi family in Oak Park plus coach house! Features: Coach house with 3 bedrooms,2 baths Remodeled 2020 including new windows, new AC systems for each unit, roof good condition, finished basement with Washer and dryer and storage rooms! Nice back court yard! Walking distance to El- train, Metra, fine dining and stores! This one won't last! Motivated seller! Priced for quick sale! Under market value! Seller will consider any offers!
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$16,000
|
$3.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,000
|
$3.00
|
Financial Summary (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $3.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $3.00 |
Property Facts
| Price | $695,000 | Property Subtype | Apartment |
| Price Per Unit | $231,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 11.35% | Building Size | 5,326 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Price | $695,000 |
| Price Per Unit | $231,667 |
| Sale Type | Investment |
| Cap Rate | 11.35% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.12 AC |
| Building Size | 5,326 SF |
| No. Stories | 3 |
| Year Built | 1925 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-05-323-023-0000 | Total Assessment | $38,000 (2025) |
| Land Assessment | $6,499 (2025) | Annual Taxes | $16,000 ($3.00/SF) |
| Improvements Assessment | $31,501 (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
16-05-323-023-0000
Land Assessment
$6,499 (2025)
Improvements Assessment
$31,501 (2025)
Total Assessment
$38,000 (2025)
Annual Taxes
$16,000 ($3.00/SF)
Tax Year
2022
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214 Chicago Ave