Legal Three-Flat with In-Unit
For Sale
$495,000
Pending
511 N TAYLOR Avenue, Oak Park, IL 60302
MULTI_FAMILY - Oak Park, IL
Property SizeContact for details
Days on Market156
Property Features for 511 N TAYLOR Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2
Parking
6
Parking features
Off Street, Owned, Open, Garage, Alley, Assigned
Basement
Full, Unfinished
High school
Oak Park & River Forest High Sch
Elementary school district
97
Middle school district
97
High school district
200
Directions
1ST BLK NORTH OF CHICAGO AVE, BTWN RIDGELAND & AUSTIN
Subdivision
Oak Park
Standard status
Pending
APN
16053240320000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
15646
Utilities
Sewer type
Public Sewer
Heating system
Steam, Baseboard, Natural Gas
Amenities
in-unit washer/dryer
basement storage
Building Details
Year built
1924
Building materials
Brick
Roof type
Flat
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Julie Bapst
(888) 574-9405
Added: Mar 6
Changed: Aug 2
Last Checked: Aug 9 at 10:06AM
MLS# 12585413
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 legal three-flat is a fully occupied, brick, vintage property with a three-unit layout. The building includes one spacious three-bedroom unit and two renovated one-bedroom units. A key tenant convenience is that all units have their own washer and dryers. The property also features a full basement with storage for each unit.
Built in 1924, the home is heated with steam and baseboard systems fueled by natural gas. The sewer service is public sewer, and the roof is described as flat. Parking is available off street and owned, with features noted as open, garage, alley, and assigned.
Recent updates mentioned include new windows on the upper level, along with a newer boiler. The roof was resurfaced a few years ago. Additional income is referenced from two garage spots and tandem exterior spots. The sale is described as as-is, and tenants rights apply with 72 hours for showing requests.
Built in 1924, the home is heated with steam and baseboard systems fueled by natural gas. The sewer service is public sewer, and the roof is described as flat. Parking is available off street and owned, with features noted as open, garage, alley, and assigned.
Recent updates mentioned include new windows on the upper level, along with a newer boiler. The roof was resurfaced a few years ago. Additional income is referenced from two garage spots and tandem exterior spots. The sale is described as as-is, and tenants rights apply with 72 hours for showing requests.
Key Highlights
- Legal three‑flat fully occupied with three‑unit layout
- One three‑bedroom unit plus two renovated one‑bedroom units
- All units have in‑unit washer and dryers
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,143
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 - Fully occupied legal three-flat with in-unit washer/dryers, including one three-bedroom and two renovated one-bedroom units.
Where is this triplex located?
The property is located at 511 N TAYLOR Avenue Oak Park, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Legal three‑flat fully occupied with three‑unit layout; One three‑bedroom unit plus two renovated one‑bedroom units; All units have in‑unit washer and dryers
