17 Garfield Street, Oak Park IL 60304
- Units 4
- Taxes $16,659
- Payment Estimate View Mortgage Calculator
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Property 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.
Features & Information
Key Details
- List Price $885,000
- Property Taxes $16,659
- Year Built 1925
- Status Price Change
- List Market Time 25
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Garage/Space
- Rent $1,910/mo
- Tenant Pays Electric,Gas
- Lease Expires M-M
-
Unit 2
- Floor 1
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Garage/Space
- Rent $1,730/mo
- Tenant Pays Electric,Gas
- Lease Expires M-M
-
Unit 3
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Garage/Space
- Rent $1,950/mo
- Tenant Pays Electric,Gas
- Lease Expires na
-
Unit 4
- Floor 2
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Dishwasher, Garage/Space
- Rent $2,050/mo
- Tenant Pays Electric,Gas
- Lease Expires na
Exterior Features
-
Parking
- # of Cars: 5
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township Oak Park
- Corporate Limits Oak Park
- Directions to Property Austin Blvd To Garfield West To Building
-
Schools
- Elementary School District 97
- Junior High District 97
- High School District: 200
-
Property Taxes
- Tax 16658.83
- Tax Year 2025
- Parcel Identification Number 16173150020000
Listed by Vanessa Carlson for Illinois Discount Realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/29/2026 10:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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