Price Reduced Listing
17 Garfield Street,Oak Park, IL 60304
Oak Park, IL 60304
Description
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.
Details
| MLS # | 12722022 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 37 |
| Listing Provided By | Illinois Discount Realty | Vanessa Carlson |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Garage | 4 |
| Basement | Y |
| Zoning | MULTI |
Interior
| Rooms Total | 20 |
|---|---|
| Heating | Radiant |
Exterior
| Exterior Features | Lighting |
|---|---|
| Roof | Rubber |
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
| Fencing | Fenced |
Parking
| Parking Features | Garage Door Opener, Yes, Garage Owned, Detached, Side Apron, Owned, Garage |
|---|---|
| Garage Spaces | 4 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 16658.83 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Oak Park |
| Zip Code | 60304 |
| Area | Oak Park |
| Listing VS Median (in 60304) | |
Price: $885,000 low | high Med: $419,450 On site: 37 low | high Med: 30.5 | |
Market Activity 60304
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Oak Park |
| Zip Code | 60304 |
| Area | Oak Park |
| Listing VS Median (in 60304) | |
Price: $885,000 low | high Med: $419,450 On site: 37 low | high Med: 30.5 | |
