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$515,000 -$35,000 (-6.36%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 2 Car Garage
  • Updated 1 hour ago
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Excellent investment opportunity in the heart of Oak Park! This classic vintage brick fully occupied legal three-flat offers a true multi-unit layout featuring one spacious three-bedroom unit and two renovated 1 bedroom(s). ALL units have their own washer & dryers a huge plus for tenants. The building showcases charming vintage character while providing strong income potential for investors or owner-occupants alike. Additional income from the 2 garage spots and tandem exterior spots. Each unit offers comfortable living spaces with natural light and timeless architectural details that reflect Oak Park's historic charm. Situated on a desirable tree-lined street, the property enjoys a prime location close to public transportation, parks, shopping, dining, and everything that makes Oak Park one of Chicagoland's most sought-after communities. With its classic structure, flexible living arrangements, and outstanding location, this legitimate three-flat presents a rare opportunity to own a piece of Oak Park while generating rental income. New windows on upper level. Newer boiler and roof was resurfaced few years ago. Full basement with storage for each unit. Rare opportunity! As-Is sale. More financials and lease detail upon request. Tenants Rights. Allow 72 hours for showing requests.

Full Property Details for 511 N Taylor Ave

General

  • Price: $515,000
  • Taxes: $15,646 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12585413
  • Updated: 4/23/2026
  • Added to Site: 48 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 6
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Assigned, Off-Street, Additional Parking, Alley Access, Owned, Garage

Location

  • Area: Oak Park
  • County: Cook
  • Township: Oak Park
  • Driving Directions: 1ST BLK NORTH OF CHICAGO AVE, BTWN RIDGELAND & AUSTIN

School Information

  • School District: 97
  • Elem School District: 97
  • Midd School District: 97
  • High School District: 200
  • High School: Oak Park & River Forest High Sch
  • Private School: Oak Park & River Forest High Sch

Heating & Cooling

  • Heating Type: Natural Gas, Steam, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Roof: Flat
  • Year Built: 1924
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 165
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1924
  • Tax Amount: $15,646.2
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16053240320000

Listed by eXp Realty

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Listing agent

— 511 N Taylor Ave —

  • eXp Realty

(219) 384-2559

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 511 N Taylor Ave

School Districts:Oak Park Elementary School District 97, Oak Park and River Forest District 200
NameGradesDistance
Whittier Elementary School, Oak Park, IL
715 North Harvey Avenue, Oak Park, IL 60302
PK-50.3 mi
Gwendolyn Brooks Middle School
325 South Kenilworth Avenue, Oak Park, IL 60302
6-81.3 mi
Oak Park & River Forest High School
201 North Scoville Avenue, Oak Park, IL 60302
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 511 N Taylor Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/23/2026
Price Reduced
$515,000
-6.36%
MLS
4/14/2026
Price Reduced
$550,000
-5.17%
MLS
3/26/2026
Price Reduced
$580,000
-3.33%
MLS
3/06/2026
Listed
$600,000
67.83%
MLS
8/28/2019
Sold
$357,500
—
Public Record
Get Price Alerts and Save Property
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 for 511 N Taylor Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,996
23%
$46,000
45%
2022
$12,216
3%
$31,812
—
2021
$11,904
3%
$31,812
—
2020
$11,613
-11%
$31,812
-6%
2019
$13,037
4%
$33,981
—
2018
$12,548
-10%
$33,981
-12%
2017
$14,008
30%
$38,784
45%
2016
$10,750
12%
$26,708
—
2015
$9,631
-4%
$26,708
-11%
2014
$10,040
3%
$29,961
—
2013
$9,783
—
$30,061
—
2012
$9,780
—
$30,061
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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511 N Taylor Avenue, Oak Park, IL 60302 (MLS# 12585413) is a Multi-Family property with 3 units containing 5 bedrooms and 0 full bathrooms. 511 N Taylor Avenue is currently listed for $515,000 and was received on March 06, 2026. Want to learn more about 511 N Taylor Avenue? Do you have questions about finding other Multi-Family 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.

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