Victorian Triplex with Historic
For Sale
$710,000
227 N MARION Street, Oak Park, IL 60302
Residential Income, Oak Park, IL
Property SizeContact for details
Days on Market28
Property Features for 227 N MARION Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Basement
Unfinished, Full
Elementary school
Oliver W Holmes Elementary Schoo
Middle school
Gwendolyn Brooks Middle School
High school
Oak Park & River Forest High Sch
Elementary school district
97
Middle school district
97
High school district
200
Directions
2 BLOCKS EAST OF HARLEM 2 BLOCKS N OF LAKE ST
Subdivision
Oak Park
Standard status
Active
APN
16071100080000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
14028
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating)
Amenities
assigned washer and dryer
Building Details
Building materials
Frame
Roof type
Asphalt
Architectural style
Victorian
Listing Agency:
Avenue 1 Realty Group
(773) 622-4663
Listed By:
Stephanie Mack
(773) 622-4663
Added: Jul 27
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# 12716444
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This frame Victorian triplex contains three leased apartments with soaring ceilings, original crown molding, hardwood floors, and updated tile bathrooms. Each residence has an assigned washer and dryer, while utilities are separately metered. Capital improvements include an asphalt roof and gutters completed in 2017, new boilers installed in 2025, and an exterior repaint completed in 2025. The property is offered as-is and carries MULTI zoning.
The building is located at 227 N MARION Street in Oak Park's Frank Lloyd Wright Historic District, near the Green Line, Trader Joe's, Whole Foods, Downtown Lake Street, shopping, and dining. A community parking garage is one-half block south; the property itself has no overnight parking. All apartments are leased through next year, and the existing agreements must be honored. The property has had no vacancies in the past 15 years. Future owner occupancy may be possible when a unit becomes available under the applicable lease terms.
The building is located at 227 N MARION Street in Oak Park's Frank Lloyd Wright Historic District, near the Green Line, Trader Joe's, Whole Foods, Downtown Lake Street, shopping, and dining. A community parking garage is one-half block south; the property itself has no overnight parking. All apartments are leased through next year, and the existing agreements must be honored. The property has had no vacancies in the past 15 years. Future owner occupancy may be possible when a unit becomes available under the applicable lease terms.
Key Highlights
- Three‑unit Victorian frame building in Oak Park's Frank Lloyd Wright Historic District
- No vacancies reported in the past 15 years; all units leased through next year
- New boilers installed in 2025 and exterior painted in 2025
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 60302, IL
33,698
Population
15,702
Households
2.1
Avg Household Size
41
Median Age
71%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
11,233
Density / Sq Mi
$97,414
Median Household Income
$69,368
Median Earnings
$1,348
Median Rent
$450,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments feature original details, updated bathrooms, and assigned laundry appliances.
Where is this triplex located?
The property is located at 227 N MARION Street Oak Park, IL.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Three‑unit Victorian frame building in Oak Park's Frank Lloyd Wright Historic District; No vacancies reported in the past 15 years; all units leased through next year; New boilers installed in 2025 and exterior painted in 2025
