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7-Unit Multifamily Building

314-316 N Maple Avenue, Oak Park, IL 60302

For Sale
$1,490,000

Commercial Sale, Oak Park, IL

Property SizeContact for details
Lot Size0.11 Acres
Days on Market43

Property Features for 314-316 N Maple Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 17
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 3, Bedroom 2, Bedroom 13, Bathroom 7, Basement, Bedroom 7, Bedroom 14, Bathroom 1, Bedroom 16, Bedroom 12, Bedroom 10, Bedroom 17, Bathroom 5, Bedroom 1, Bedroom 15, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 11, Bathroom 6, Bathroom 2, Bedroom 9
Basement Finished
Directions Harlem Ave to Erie St to N Maple Ave
Subdivision Oak Park
Standard status Active
APN 16071070040000
Lot size 0.11 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 35093

Utilities

Sewer type Public Sewer

Amenities

on-site laundry
deck

Building Details

Year built 1931
Floors in Building 4
Number of units 7
Building materials Brick, Concrete
Roof type Rubber
Buildings 1
Listing Agency: Redfin Corporation
Listed By: Terrie Whittaker · License IL #471017483
Added: Sep 30 Changed: Oct 24 Last Checked: Nov 11 at 1:06PM
MLS# 12767844

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.

Rey
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Investment Insights

Based on property information with market context.

This 7-unit apartment building at 314-316 N Maple Avenue has a brick exterior and was built in 1931. The unit mix includes three 3-bedroom, 1.5-bath apartments and four 2-bedroom, 1-bath apartments, one of which is a garden unit. All seven apartments are tenant occupied. Five leases have year-long terms, while two are month-to-month.

Recent work includes a new rubber roof, a renovated garden apartment, rear tuckpointing, plumbing repairs, and a newly painted deck. A shared washer and dryer serve the common area, and several apartments have new refrigerators, stoves, and dishwashers. The property also includes six off-street parking spaces and public sewer service.

Key Highlights

  • Seven apartments: three 3‑bedroom units and four 2‑bedroom units
  • All units tenant occupied; five year‑long leases and two month‑to‑month
  • Six off‑street parking spaces

Property Analytics

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Lease Details

7
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,791
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Cook County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction, off-street parking, and a varied apartment mix define this occupied residential income property.
Where is this apartment building located?
The property is located at 314-316 N Maple Avenue Oak Park, IL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Seven apartments: three 3‑bedroom units and four 2‑bedroom units; All units tenant occupied; five year‑long leases and two month‑to‑month; Six off‑street parking spaces
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