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About the Listing 18972 - 163651
Exceptional opportunity to acquire a solid brick vintage 4-unit full occupancy in highly desirable Oak Park, a transit oriented submarket known for stable tenancy and longterm appreciation. Located just off 290, this classic 1925 building sits on an oversized 50x125 lot and features four spacious 2 bed/1bath units with timeless character-original hardwood floors, tall ceilings, vintage trim, ceiling fans, and abundant natural light throughout. Each unit includes a full appliance package with stove, refrigerator, dishwasher and pantry, supporting strong tenant demand and easy leasing. Updated kitchens and baths. All units occupied, offering stable income. A full unfinished basement provides excellent storage capacity and potential for expanded laundry or future value added improvements. The property also includes a rare 4 car detached garage plus an additional exterior space, creating additional income and enhancing overall return. Outdoor amenities include a rear porch perfect for tenant seating and a fully enclosed wooden privacy fence, increasing tenant appeal and longterm retention. Tenants pay electric and gas, reducing operating exposure and supporting stronger net performance. With a 6.7% CAP rate built on strong annual rental income and minimized operating expenses, this asset delivers the fundamentals investors seek. Stable cash flow, low vacancy risk, and multiple avenues for value creation in one of Oak Park's most desirable rental corridors. Property being sold as-is.
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Ceiling Fan(s)
- Air Cond:
- Heating: Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 4 car
- Parking Spaces: 5
- Lot Dimensions: 50X125
- Zoning: MULTI
- Roof: Rubber
- Others: Lighting
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,Yes,Garage Owned,Detached,Side Apron,Owned,Garage
Financial Details
- Tax Amount: $16,659
- Taxes w/Assessments: N/A
- Tax/Property ID: 16173150020000
- Tax Year: 2025
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17 Garfield St Oak Park, IL 60304
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