17 Garfield Street, Oak Park, IL 60304
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
17 Garfield Street,Oak Park, IL 60304
$900,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: vanessa carlson
Office: illinois discount realty
MLS#:12722022
Source:MLSNI
Price summary
- Price:$900,000
About this home
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....
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Home facts
- Year built:1925
- Listing ID #:12722022
- Updated:August 07, 2026 at 11:19 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:20
- Bathrooms Description:Soaking Tub
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Radiant
Structure and exterior
- Roof:Rubber
- Year built:1925
- Architectural Style:Traditional
- Foundation Description:Concrete Perimeter
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$900,000
- Tax amount:$16,659 (2025)
Features and amenities
- Amenities:Ceiling Fan(s)
Parking
- Total parking spaces:5
- Parking description:Detached Garage, Garage, Side Apron
- Garage:Yes
- Garage spaces:4
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