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Price cut: $50,000
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Two to Four Units · Oak Park, IL
$1,150,000$1,200,000
11 beds · 6 baths
214 Chicago Avenue, Oak Park, IL, 60302
A brick-and-mortar place to make your own — room to make it home.
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What’s special

3.5-car garage
Rare investment opportunity in the heart of Oak Park featuring three separate income-producing structures on one property. This unique offering includes a classic brick 3-unit multifamily building, a beautifully updated 3-bedroom 2-bath coach house, and a detached 3-car brick garage-creating multiple income streams and exceptional flexibility for investors or owner-occupants alike. The main building consists of three spacious 3-bedroom, 1-bath apartments, plus a full finished basement with shared laundry facilities and private tenant storage areas. Built with solid brick construction, this classic Chicago-style multifamily property offers the durability, character, and long-term investment appeal buyers seek. Tenants pay their own gas and electric utilities, helping maximize owner efficiency and cash flow. Extensively renovated in 2020, major improvements include new windows, separate HVAC systems for each unit, and a roof in excellent condition. The finished basement is equipped with washers, dryers, and dedicated storage rooms for tenant convenience. The coach house provides tremendous versatility as either a premium long-term rental, owner-occupied residence, or short-term rental opportunity. Recently updated, it features newer flooring, renovated bathrooms, three bedrooms, two full baths, and private in-unit laundry. Its independent layout and modern finishes make it highly desirable for a variety of rental strategies. Adding even more value is the detached 3-car brick garage, offering additional rental income potential or secure owner storage. Ideally located within walking distance of the CTA Green Line, Metra, downtown Oak Park shopping, restaurants, and entertainment, this property combines strong current income with significant long-term appreciation potential in one of the Chicago area's most sought-after communities. Opportunities like this are rare-schedule your private showing today.
— the listing agent’s description

The home

11 beds
6 baths
Built in 1927
0.14-acre lot
3.5-car garage
Two to Four Units

What it’ll cost

$11,307 taxes / yr
No HOA
Listed $1,200,000
Now $1,150,000
71 days on dwello

Estimated monthly payment

$7,392/mo
Principal & interest$6,115
Property taxes$942
Homeowners insurance$335
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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71 days on dwello
Price history
Price reduced
Aug 7, 2026
↓ $50,000$1,150,000
Listed for sale
May 29, 2026
$1,200,000
Now $50,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$11,307/yr
Assessed value
2026
County assessor
$66,000~$660,000 mkt
2025
$38,000~$380,000 mkt
2024
$38,000~$380,000 mkt
2023
$38,000~$380,000 mkt
2022
$42,906~$429,060 mkt
2021
$42,906~$429,060 mkt
2020
$51,572~$515,720 mkt
2019
$51,419~$514,190 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerGarage Door OpenerYes

Schools

Elementary — Oak Park & River Forest High Sch
Middle — Oak Park & River Forest High Sch
High — Oak Park & River Forest High Sch
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Michael Savegnago · Legacy Properties, A Sarah Leonard Company
Listing last updated Aug 7, 2026 · data refreshed from the MLS Aug 7, 2026, 5:08 AM CT
Based on information submitted to the MLS GRID as of Aug 7, 2026, 5:08 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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