REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 900,000
Est. payment /mo
New
17 Garfield ST Oak Park, IL 60304
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12662198
Style Traditional
Bedrooms 8
Maintenance Fees $1,200
Year Built 1925
Annual Tax Amount $16,658
Tax Year 2025
Lot Dimensions 50X125
Property Sub-Type Two to Four Units
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.
Location
State IL
County Cook
Area Oak Park
Zoning MULTI
Body of Water 4 Unit
Rooms
Basement Unfinished, Full
Interior
Heating Radiant
Equipment Ceiling Fan(s)
Fireplace N
Exterior
Exterior Feature Lighting
Garage Spaces 4.0
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 97 , 97, 200
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Vanessa Carlson of Illinois Discount Realty