Log In/Sign Up
Your email has been sent.
309 Chicago Ave
Oak Park, IL 60302
Multifamily Property For Sale
·
2 Units
Investment Highlights
- First-floor: 3BD/2BA duplex-down (±2,200 SF)
- Bonus sunroom in each unit
- Two-car garage + two exterior parking spaces
- Second-floor: 3BD/1BA simplex (±1,100 SF)
- 50’ x 150’ lot
- Flexible investment strategies: owner-occupied, stabilized rental, or single-family conversion
Executive Summary
Jameson Commercial Real Estate is pleased to offer for sale a well-maintained two-unit property in Oak Park that was originally owner-occupied and later converted into an upgraded multi-unit asset. The building features two spacious, updated units with efficient layouts and strong tenant appeal. The first-floor unit is a 3-bedroom, 2-bath duplex-down totaling over 2,200 square feet, while the second-floor unit is a 3-bedroom, 1-bath simplex exceeding 1,100 square feet. Both units include a sunroom, providing additional usable space and natural light.
The property sits on an oversized 50’ x 150’ lot and includes a two-car garage plus two exterior parking spaces. This offering provides multiple exit strategies, including owner-occupied with income, a long-term hold as a small-scale multifamily investment, or a future conversion to a single-family residence. A compelling opportunity to acquire a flexible asset with scale, parking, and upside in a premier Oak Park location.
The property sits on an oversized 50’ x 150’ lot and includes a two-car garage plus two exterior parking spaces. This offering provides multiple exit strategies, including owner-occupied with income, a long-term hold as a small-scale multifamily investment, or a future conversion to a single-family residence. A compelling opportunity to acquire a flexible asset with scale, parking, and upside in a premier Oak Park location.
Property Facts
| Price Per Unit | $374,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 2 | Building Size | 2,994 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | R-6 | ||
| Price Per Unit | $374,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,994 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,850 | 2,266 |
| 3+1 | 1 | $2,300 | 1,164 |
Property Taxes
| Parcel Number | 16-08-100-005-0000 | Improvements Assessment | $45,284 |
| Land Assessment | $9,750 | Total Assessment | $55,034 |
Property Taxes
Parcel Number
16-08-100-005-0000
Land Assessment
$9,750
Improvements Assessment
$45,284
Total Assessment
$55,034
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
