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$699,000
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Property Description
AMAZING INVESTMENT OPPORTUNITY: Discover this rare opportuniy to own this solid all brick 6 unit building with a 4 car garage and outstanding income potential! The furnace was recently replaced in 2021 ensuring reliable heating for years to come. Each unit features one bedroom and one bathroom with beautiful hardwood flooring, spacous well designed layout with clearly defined living room, dinning room,kitche and bedroom areas. Several units include in unit washer and dryer, and hookus are available in all units providing extra convenience and value. Tenants enjoy individual storage area within the building and have acces to an all brick 4 car garage. The four car garage adds additional income potential through leased parking or storage options. Current rents are below market value , presenting strong upside for investors and a great chance for an owner to live in one unit while earning income from the others.. This exceptional opportuniy provides the increase of cash flow through rent adjustments and garage leasing. The unfinished basement provides even more opportunity to add an extra unit for an even greater return. With classic brick construction a well maintained structure and numerous value add opportunities, this property is truly a once in a life time opportunity!. (Broker has an ownership interest in the property)
Full Property Details
Full Property Details for 3724 Oak Park Ave
General
- Price: $699,000
- Taxes: $19,661 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12511597
- Updated: 11/18/2025
- Added to Site: 72 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: Berwyn
- County: Cook
- Driving Directions: Ogden Avenue to Oak Park Avenue South to 3724
Community
- Assoc. Fees Include: Heat, Water, Exterior Maintenance, Lawn Care, Snow Removal
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Gas, Radiators, Steam
Utilities
- Trash: 1461
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1928
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- # Dryers: 3
Lot Features
- Lot Dimensions: 54 x 122
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,460
- Assessment Year: 1928
- Tax Amount: $19,661.64
- Tax Year: 2023
- Tenant Pays: Electricity, Other
- Pays Electric: 1332
- Pays Trash: 1461
Disclosures and Reports
- Property ID: 16313230390000
Listed by MPower Residential Brokerage LLC
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Schools
Schools serving 3724 Oak Park Ave
School Districts:Berwyn South School District 100, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Irving Elementary School, Berwyn, IL 3501 Clinton Avenue, Berwyn, IL 60402 | K-5 | 0.3 mi |
Heritage Middle School, Berwyn, IL 6850 31st Street, Berwyn, IL 60402 | 6-8 | 0.8 mi |
J Sterling Morton West High School 2400 Home Avenue, Berwyn, IL 60402 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3724 Oak Park Ave
Date
Details
Price
Change
Source
11/06/2025
Listed
$699,000
38.42%
MLS
4/16/2021
Sold
$505,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3724 Oak Park Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,662
43%
$54,999
82%
2022
$13,710
3%
$30,172
—
2021
$13,301
6%
$30,172
—
2020
$12,570
-20%
$30,172
-14%
2019
$15,745
6%
$34,935
—
2018
$14,821
-6%
$34,935
-4%
2017
$15,811
38%
$36,416
38%
2016
$11,441
2%
$26,382
—
2015
$11,215
4%
$26,382
—
2014
$10,816
-14%
$26,382
-24%
2013
$12,628
5%
$34,638
—
2012
$11,989
—
$34,638
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3724 Oak Park Ave
3724 Oak Park Avenue, Berwyn, IL 60402 (MLS# 12511597) is a Commercial property. 3724 Oak Park Avenue is currently listed for $699,000 and was received on November 06, 2025. Want to learn more about 3724 Oak Park Avenue? Do you have questions about finding other Commercial real estate for sale in Berwyn? You can browse all Berwyn real estate or contact a Coldwell Banker agent to request more information.

