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$1,490,000 Just Listed
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Property Description
Excellent investment opportunity in Oak Park! This well-maintained 7-unit multifamily building offers a desirable mix of units, current rental income and 6 off-street parking spaces. The property features three 3-bed/1.5-bath units, three 2-bed/1-bath units and one 2-bed/1-bath garden unit. All units are currently tenant occupied, with five units leased on year-long terms and two units month-to-month, providing a combination of stable income and future flexibility. The sellers have completed numerous updates and improvements, including a brand-new roof, renovated garden unit, new common-area washer and dryer, new in-unit refrigerators, stoves and dishwashers in several units, rear tuckpointing, necessary plumbing repairs and a freshly painted deck. With a strong unit mix, established occupancy, off-street parking and numerous recent capital improvements, this property offers an excellent opportunity for an investor looking to add a multifamily asset to their portfolio in Oak Park.
Full Property Details
Full Property Details for 314-316 N Maple Ave
General
- Price: $1,490,000
- Taxes: $35,093 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12767844
Rental Information
- Lease/Rent Term: 12 Months, Month To Month
Interior
- Basement: Finished
Location
- Area: Oak Park
- County: Cook
- Township: Oak Park
- Driving Directions: Harlem Ave to Erie St to N Maple Ave
- Location Details: In City Limits
Heating & Cooling
- Heating Type: Hot Water, Steam, Radiant
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
- Trash: 3800
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Basement: Yes
- Basement Desc.: Finished
- Roof: Rubber
- Stories/Levels: 4
- Square Feet: 7,110
- Current Bldg. Use: Multi-Family
- Year Built: 1931
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,700
- Lot Dimensions: 47 x 100
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $115,000
- Assessment Year: 1931
- Tax Amount: $35,093.26
- Tax Year: 2025
- Pays Electric: 2700
- Pays Trash: 3800
- Pays Sewer: Public Sewer
Disclosures and Reports
- Property ID: 16071070040000
Listed by Redfin Corporation
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Tax History
Tax History for 314-316 N Maple Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$32,379
18%
$99,322
38%
2022
$27,553
3%
$71,753
—
2021
$26,850
6%
$71,753
—
2020
$25,287
40%
$71,753
44%
2019
$18,041
4%
$49,766
—
2018
$17,363
2%
$49,766
—
2017
$16,999
-6%
$49,766
11%
2016
$18,031
12%
$44,800
—
2015
$16,156
8%
$44,800
—
2014
$15,013
-5%
$44,800
-8%
2013
$15,766
—
$48,444
—
2012
$15,761
—
$48,444
—
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 314-316 N Maple Ave
314-316 N Maple Avenue, Oak Park, IL 60302 (MLS# 12767844) is a Commercial property. 314-316 N Maple Avenue is currently listed for $1,490,000 and was received on September 30, 2026. Want to learn more about 314-316 N Maple Avenue? Do you have questions about finding other Commercial real estate for sale in Oak Park? You can browse all Oak Park real estate or contact a Coldwell Banker agent to request more information.

