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Joseph Mullane

info@joemullane.com +1(847) 845-9672

$ 745,000

Est. payment | -/mo

7 Beds

3 Baths

Save

$ 745,000

Est. payment | -/mo

Save

7 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12634443

Bedrooms 7

Year Built 1895

Annual Tax Amount $12,934

Tax Year 2025

Lot Dimensions 3910

Property Sub-Type Two to Four Units

Property Description

Welcome to 315 S. Maple Avenue, part of the historic Jennie A. June Rowhouses designed by Henry Fiddelke and nominated for Historic Landmark designation for its architecturally significant exterior features. Built in 1895 during Oak Park's major growth era, this brick row home reflects the Prairie School and Arts & Crafts influences of Frank Lloyd Wright, E.E. Roberts, and Tallmadge & Watson-hallmarks of the Ridgeland-Oak Park Historic District. Its brick facade, arched Romanesque windows, and Queen Anne-style bay detailing showcase the craftsmanship and character that make this stretch of South Maple so distinctive. This property has a proven track record as a strong income producing 2flat, previously generating $4,950 per month in gross rental income, including approved short-term rental use. The property is now fully vacant, providing investors with immediate control to reposition, release at market rates, or reinstate short-term rental operations, subject to licensing. An ideal opportunity for value add strategy with flexibility across multiple income approaches. Recent rents have been under market, offering clear upside for the next owner. The first floor unit features a spacious living area and adaptable rooms that can be arranged to suit different needs. It currently functions well as a traditional two bedroom layout. The lower level provides the potential for a duplex down configuration with modest improvements, allowing for expanded living space. The second floor unit offers a three bedroom layout with thoughtful flexibility. Two of the bedrooms can be used together as a suite, ideal for a primary bedroom with an attached office, nursery, or sitting room. This property combines historic architectural appeal with solid income potential, versatile living options, and room for future expansion-an exceptional opportunity in one of Oak Park's most architecturally significant corridors. This prime downtown Oak Park location offers a highly walkable lifestyle just steps from Downtown Oak Park's shopping, dining, and entertainment, with easy access to CTA and Metra transit, toprated schools, and everyday conveniences-making it especially appealing to tenants and longterm investors alike.

Location

State IL

County Cook

Area Oak Park

Rooms

Basement Finished, Full

Interior

Heating Electric, Radiant

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

High Schools Oak Park & River Forest High Sch

School District 97 , 97, 200

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Katerina Vielehr of @properties Christie's International Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 845-9672

info@joemullane.com

315 S Maple AVE Oak Park, IL 60302

Joseph Mullane

Key Details

Location

Rooms

Interior

Building

Schools

Others

Nearby Locations

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315 S Maple AVE