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    Oak Park, IL Multifamily Properties for Sale

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    River Forest, IL Chicago, IL Forest Park, IL
    16 results
    Oak Park Two-Unit Property
    $599,500

    Oak Park Two-Unit Property

    526 N Lombard Avenue, Oak Park, IL 60302

    Two-unit property in Oak Park with income potential.

    • Flexible two‑unit layout ideal for owner‑occupants or investors.
    • Prime Oak Park location: close to CTA Green Line, parks, OPRFHS, Farmer's Market, shopping, and dining.
    • Rare 3‑car garage and deep 33 x 170 lot with ample green space.
    • Each unit features a large living room, formal dining room, three bedrooms, and a full kitchen with dishwasher.
    • Second‑floor kitchen and bath remodeled in 2016; many appliances in both units replaced within 2‑5 years.
    Updated: Apr 9
    View details
    Victorian Three-Flat in Oak Park
    $723,000

    Victorian Three-Flat in Oak Park

    227 N MARION Street, Oak Park, IL 60302

    Charming Victorian three-flat in Oak Park's historic district.

    • Desirable location in Oak Park's Frank Lloyd Wright historic district, walk to Green Line, Trader Joe's, Whole Foods, and Downtown Lake Street.
    • Excellent investment opportunity with desirable rent roll and no vacancies in the past 15 years.
    • New roof and gutters (2017), new boilers and exterior paint (2025).
    • Charming Victorian architecture with original crown molding and hardwood flooring.
    • All units have assigned washers/dryers and separate utilities.
    Updated: Feb 25
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    Oak Park Multi-Family Property
    $599,000
    0.14 Acres

    Oak Park Multi-Family Property

    Two-flat with garage, extra parking, and multiple entrances.

    715 N Taylor Avenue N, Oak Park, IL 60302
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    Oak Park Multi-Family Investment
    $495,000

    Oak Park Multi-Family Investment

    Classic three-flat in prime Oak Park location.

    511 N TAYLOR Avenue, Oak Park, IL 60302
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    Updated Three-Unit Building in Oak Park
    $1,250,000

    Updated Three-Unit Building in Oak Park

    Renovated three-unit building with modern updates and historic charm.

    1101 S OAK PARK Avenue, Oak Park, IL 60304
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    Updated Two-Unit Property in Oak Park
    $749,000
    2,994 SF

    Updated Two-Unit Property in Oak Park

    Well-maintained two-unit property with flexible exit strategies.

    309 Chicago Ave, Oak Park, IL 60302
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    Oak Park Apartments For Sale
    $6,400,000
    0.57 Acres

    Oak Park Apartments For Sale

    30-unit apartment building in Frank Lloyd Wright Historical District.

    210 - 220 N Kenilworth Avenue, Oak Park, IL 60302
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    Oak Park Mixed-Use Building
    $1,250,000
    8,277 SF

    Oak Park Mixed-Use Building

    Income-generating mixed-use building in Oak Park with renovated units.

    6600-04 W Roosevelt W Road, Oak Park, IL 60304
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    Multifamily
    $549,900

    Multifamily

    Duplexes

    427 Wisconsin Avenue, Oak Park, IL 60302
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    Oak Park Multifamily Opportunity
    $650,000
    0.20 Acres

    Oak Park Multifamily Opportunity

    Residential zoned property with redevelopment potential in Oak Park.

    316 N Austin Boulevard, Oak Park, IL 60302
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    Oak Park Mixed-Use Investment
    $1,250,000
    0.19 Acres

    Oak Park Mixed-Use Investment

    Income-generating mixed-use building in Oak Park with recent renovations.

    6600-04 W Roosevelt Road W, Oak Park, IL 60304
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    Oak Park Condominium Building
    $6,199,000

    Oak Park Condominium Building

    28-unit condominium building in Oak Park, Illinois for sale.

    950 Washington Boulevard, Oak Park, IL 60302
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    Oak Park Multifamily Redevelopment Opportunity
    $702,000

    Oak Park Multifamily Redevelopment Opportunity

    Residential zoned property in Oak Park with redevelopment potential.

    316 N Austin Boulevard, Oak Park, IL 60302
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    Oak Park Multifamily Redevelopment Opportunity
    $702,000

    Oak Park Multifamily Redevelopment Opportunity

    Residential zoned property in Oak Park with redevelopment potential.

    316 N Austin Boulevard, Oak Park, IL 60302
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    Oak Park Apartments For Sale
    $6,400,000
    26,928 SF

    Oak Park Apartments For Sale

    30-unit apartment building in the Frank Lloyd Wright Historical District.

    210-220 N Kenilworth Ave, Oak Park, IL 60302
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    Luxury Apartments in Oak Park
    $8,600,000
    29,142 SF

    Luxury Apartments in Oak Park

    New construction 24-unit apartment portfolio in Oak Park, Illinois.

    6031-37 W. North Ave, Oak Park, IL 60302
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Oak Park, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Vintage Chicago Multi-Family Property
    $1,100,000
    0.20 Acres

    Renovated Vintage Chicago Multi-Family Property

    Fully renovated 6-unit building near Columbus Park.

    32 S Menard Avenue, Chicago, IL 60644
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    Updated Two-Flat Near Parks
    $380,000
    2,560 SF

    Updated Two-Flat Near Parks

    Well-maintained Chicago two-flat with recent upgrades and parking.

    412 N Pine Avenue, Chicago, IL 60644
    View details
    Chicago Investment Property For Sale
    $449,000
    0.11 Acres

    Chicago Investment Property For Sale

    Newly remodeled apartments and businesses generating over $4k monthly.

    5941 W Chicago Avenue, Chicago, IL 60651
    View details
    Renovated Vintage 4-Flat Apartment Building
    $1,100,000
    0.20 Acres

    Renovated Vintage 4-Flat Apartment Building

    Fully renovated 6-unit apartment building near Columbus Park.

    32 S Menard Avenue, Chicago, IL 60644
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
    View details

    Off-Market Properties in Oak Park, IL

    Consider similar Off-Market properties in Oak Park, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    312 Austin Blvd

    312 Austin Blvd

    GARDEN APT, COURT APT (5+ UNITS) • 4,200 SF
    Value Estimation by Request
    312 Austin Blvd, Oak Park, IL 60302-2791
    View details
    1008 Austin Blvd

    1008 Austin Blvd

    GARDEN APT, COURT APT (5+ UNITS) • 0.07 Acres
    Value Estimation
    $1,025,000
    1008 Austin Blvd, Oak Park, IL 60304
    View details
    1010 Austin Blvd

    1010 Austin Blvd

    GARDEN APT, COURT APT (5+ UNITS) • 0.07 Acres
    Value Estimation
    $950,000
    1010 Austin Blvd, Oak Park, IL 60304-2339
    View details
    916 Maple Ave, Unit 1

    916 Maple Ave, Unit 1

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,064 SF
    Value Estimation by Request
    916 Maple Ave, Oak Park, IL 60304-2552
    View details
    185 Marion St

    185 Marion St

    APARTMENT HOUSE (UNDER 5 UNITS) • 4,939 SF
    Value Estimation
    $650,000
    185 Marion St, Oak Park, IL 60301-1513
    View details
    1117 Humphrey Ave, Unit 2

    1117 Humphrey Ave, Unit 2

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,994 SF
    Value Estimation by Request
    1117 Humphrey Ave, Oak Park, IL 60304-2696
    View details
    220 Austin Blvd

    220 Austin Blvd

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,508 SF
    Value Estimation
    $550,000
    220 Austin Blvd, Oak Park, IL 60302-3325
    View details
    101 Kenilworth Ave

    101 Kenilworth Ave

    APARTMENT HOUSE (UNDER 5 UNITS) • 2,603 SF
    Value Estimation
    $560,000
    101 Kenilworth Ave, Oak Park, IL 60301-1535
    View details

    Oak Park, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Oak Park, IL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 67,341 square feet of properties for sale, with an estimated market value of $16,999,000.

    Sale prices for multifamily properties in Oak Park, IL start at $749,000, averaging $4,249,750, and reaching up to $8,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 7
    Duplexes 4
    Triplexes 3
    Short term rental properties 1
    Small apartment buildings 1

    Property Size Breakdown

    The majority of commercial real estate listings in Oak Park fall within the 5,000 to 10,000 square foot range.

    Demographics Overview

    Population 53K
    Population Growth (5Y) +12.5%
    Median Household Income $109,252
    College Educated 83.3%

    High-Yield Neighborhoods for Strategic Investment

    Identify Oak Park submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    60304 $1.3M
    60302 $2.4M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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