Address
200 N Marion Street, Oak Park, IL
Price
$ 597,500
Property Attributes
- MLS#11863692
- TypeMulti-Family
- CountyCOOK
- CityOak Park
- AreaOak Park
- NeighborhoodDowntown
- Zip60302
- Style
- Year Built1913
- Taxes$ 11765
- Price$ 597,500
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2250
Data Source:
Midwest Real Estate Data (MRED)
Property Description
A vintage, two-unit apartment property located at 200 N Marion Street in Oak Park, Illinois. Oak Park is one of Chicago's most sought-after suburbs for homeowners and renters. Its unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. Oak Park is approximately nine miles west of the Chicago Loop and is accessible via the Eisenhower expressway, Metra train, and the CTA train and bus lines. This property is located approximately 10 miles to O'Hare International Airport. The property features two two-bedroom / one-bathroom units (approximately 1,075 and 1,175 square feet) with large layouts, hardwood floors and outdoor rear porches. The property is located on the corner lot which benefits from an abundance of natural sunlight from the south and southwest corner of the building. Tenants are responsible for paying their own heat and electric and each unit has its own individual hot water boiler. Here, an investor has the opportunity to live-in and rent out or own strictly as an investment property in a great Oak Park location.
| Elementary School | Middle School | High School |
|---|---|---|
| Oliver W Holmes Elementary Schoo | Gwendolyn Brooks Middle School | Oak Park & River Forest High Sch |
| Price History | |
|---|---|
| 8/21/2023 | Listed $597,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Closing |
| Year Built | 1913 |
| Township | Oak Park |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Gross Income | 51840 |
| County | Cook |
| Net Operating Income | 33541 |
| Insurance Expense | 1889 |
| New Construction | No |
| Property Type | Residential Income |
| MaintenanceExpense | 410 |
| Total Rooms | 10 |
| Status | Active |
| Directions | East of N Marion St,South of Ontario Ct,West of North Marion Ct,North of Ontario Street on Marion Street in Oak Park,IL. |
| High School | Oak Park & River Forest High Sch |
| City | Oak Park |
| High School District | 200 |
| MLS Area | Oak Park |
| Waterfront Y/N | No |
| Street Name | Marion |
| Elementary School | Oliver W Holmes Elementary Schoo |
| Tax Annual Amount | 11765.7 |
| Electric Expense | 29 |
| Middle/Junior High School | Gwendolyn Brooks Middle School |
| Water Sewer Expense | 1731 |
| Additional Parcels Y/N | No |
| Days on Market | 257 |
| Standard Status | Active |
| Middle/Junior School District | 97 |
| Elementary School District | 97 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Street |
| Total Bedrooms | 4 |
| Total Baths | 2 |
| Bedrooms Possible | 4 |
| Basement | Unfinished |
| Full Baths Building | 2 |
| Total Number of Units | 2 |
Exterior Features
| Water Source | Lake Michigan |
|---|---|
| Lot Dimensions | 1,175 SF |
| Exterior | Stone |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60302
Price
Taxes
Visits
Year Built
