LKV Realty
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$710,000
$3,900Reward *
227 N MARION Street, Oak Park, IL 60302Listing ID 12716444

227 N MARION Street, Oak Park, IL 60302

Active
Oak Park
Time on site: 20 daysLast updated: Aug 2, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
7
Bathrooms
Bathrooms
3
Days on Site
Days on Site
21
Heating
Heating
Radiator(s)

Don't miss this opportunity to own a classic Victorian three-flat in the heart of Oak Park's renowned Frank Lloyd Wright Historic District. Rich in architectural character, each unit features soaring ceilings, original crown molding, hardwood flooring, and updated tile bathrooms. Recent improvements include a new roof and gutters (2017), new boilers (2025), and a freshly painted exterior (2025). Each unit has an assigned washer and dryer, and all utilities are separately metered. Situated on a picturesque, tree-lined street, this exceptional location is just steps from the Green Line, Trader Joe's, Whole Foods, Downtown Lake Street, shopping, dining, and more. While there is no overnight parking on-site, a community parking garage is conveniently located just one-half block south of the building. With no vacancies in the past 15 years and a strong, desirable rent roll, this property presents an excellent opportunity for investors or future owner-occupants. The property is being sold as-is. All units are currently leased through next year, and the existing leases must be honored by the new owner. Owner occupancy is possible once a unit becomes available in accordance with the lease terms. Cash or conventional financing only. This is a rare opportunity to acquire a stable, income-producing property with classic Victorian charm in one of Oak Park's most sought-after historic neighborhoods.

Property Information

Property Details

Location

Address
227 N MARION Street
County
Cook
City
Oak Park
Zip Code
60302
Subdivision
Oak Park
School District
200
High School
Oak Park & River Forest High Sch
Elementary School
Oliver W Holmes Elementary Schoo
MLS Area
Oak Park

Interior Features

Beds and Baths

Bedrooms
7

Building

Building Information

Construction
Frame
Foundation
Concrete Perimeter
Roof
Asphalt

Financial

Special Conditions
List Broker Must Accompany

Property Taxes

Tax Annual Amount
$14,028
Tax Year
2024
Avenue 1 Realty Group, (773) 622-4663

Market Report for 60302

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 16 Aug 2026, 01:57 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD867204