309 Chicago Ave - Apartments FOR SALE


Oak Park, IL 60302
$749,000 USD
312-216-8000
309 Chicago Ave, Oak Park, IL for Sale
$749,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

309 Chicago Ave
Oak Park, IL 60302


HIGHLIGHTS

  • First-floor: 3BD/2BA duplex-down (±2,200 SF)
  • Second-floor: 3BD/1BA simplex (±1,100 SF)
  • Bonus sunroom in each unit
  • 50’ x 150’ lot
  • Two-car garage + two exterior parking spaces
  • Flexible investment strategies: owner-occupied, stabilized rental, or single-family conversion

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

2

PRICE/UNIT

$374,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,328 SF

ZONING

R-6

APN/PARCEL ID

16-08-100-005-0000

ASK ABOUT THIS PROPERTY

Marco CesarioJameson Commercial Real EstateMore Info
312-216-8000

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Marco CesarioJameson Commercial Real EstateMore Info
312-216-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.