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309 Chicago Ave 2 Unit Apartment Building $1,025,845 CAD ($512,923 CAD/Unit) Oak Park, IL 60302
Investment Highlights
- First-floor: 3BD/2BA duplex-down (±2,200 SF)
- Bonus sunroom in each unit
- Two-car garage + two exterior parking spaces
- Second-floor: 3BD/1BA simplex (±1,100 SF)
- 50’ x 150’ lot
- Flexible investment strategies: owner-occupied, stabilized rental, or single-family conversion
Executive Summary
Jameson Commercial Real Estate is pleased to offer for sale a well-maintained two-unit property in Oak Park that was originally owner-occupied and later converted into an upgraded multi-unit asset. The building features two spacious, updated units with efficient layouts and strong tenant appeal. The first-floor unit is a 3-bedroom, 2-bath duplex-down totaling over 2,200 square feet, while the second-floor unit is a 3-bedroom, 1-bath simplex exceeding 1,100 square feet. Both units include a sunroom, providing additional usable space and natural light.
The property sits on an oversized 50’ x 150’ lot and includes a two-car garage plus two exterior parking spaces. This offering provides multiple exit strategies, including owner-occupied with income, a long-term hold as a small-scale multifamily investment, or a future conversion to a single-family residence. A compelling opportunity to acquire a flexible asset with scale, parking, and upside in a premier Oak Park location.
The property sits on an oversized 50’ x 150’ lot and includes a two-car garage plus two exterior parking spaces. This offering provides multiple exit strategies, including owner-occupied with income, a long-term hold as a small-scale multifamily investment, or a future conversion to a single-family residence. A compelling opportunity to acquire a flexible asset with scale, parking, and upside in a premier Oak Park location.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$84,643
|
$28.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,643
|
$28.27
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $84,643 |
| Annual Per SF | $28.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $84,643 |
| Annual Per SF | $28.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,025,845 CAD | Building Class | C |
| Price Per Unit | $512,923 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,994 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R-6 | ||
| Price | $1,025,845 CAD |
| Price Per Unit | $512,923 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,994 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,903 CAD | 2,266 |
| 3+1 | 1 | $3,150 CAD | 1,164 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 16-08-100-005-0000 | Improvements Assessment | $61,464 CAD (2025) |
| Land Assessment | $13,234 CAD (2025) | Total Assessment | $74,698 CAD (2025) |
Property Taxes
Parcel Number
16-08-100-005-0000
Land Assessment
$13,234 CAD (2025)
Improvements Assessment
$61,464 CAD (2025)
Total Assessment
$74,698 CAD (2025)
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309 Chicago Ave
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