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540 N Harvey Avenue Oak Park, IL 60302 • Multi Unit - Multiple • Active

  • 540 N Harvey Avenue, Oak Park, IL 60302 Main Photo

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Description

Rare Oak Park 3-unit opportunity on a deep 50x171 lot! This classic stucco two-flat plus coach house offers flexibility few properties can match: live in one unit and let the other two help fund the mortgage, keep extended family close while everyone has their own space, or add a solid income property to your portfolio. Each unit has its own kitchen and hardwood floors, and old-world character shines throughout with high ceilings, crown molding, and working pocket doors. Tenants pay their own electric, gas, and heat. Outside, relax on the backyard patio and garden beneath mature trees, and enjoy 5 exterior parking spaces, a true rarity in Oak Park. The full, partially finished basement adds storage and flexibility, and there's room for dedicated home offices. Long-time owners are moving on and thoughtful updates offer a clear path to growing rents. First floor unit in main house has 2 bedrooms on first floor and 2 in the basement. Second floor unit has 2 bedrooms. The main house has been owner occupied for over 20 years. Coach house has 1 bedroom on the first floor and 2 in the basement. Tenants pay 1,800 in rent per month and are month to month with 60 day notice. The location is hard to beat: walk to the L train, Whittier School, Oak Park and River Forest High School, Pete's Fresh Market, the GRC, skate park, Ridgeland Common's pool and ice arena. The Daily Bagel and Thai Neighbor restaurant just steps away. Easy access to downtown Chicago. Don't miss this one!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 4
County: Cook
High School: Oak Park & River Forest High Sch
Listed By:
Berg Properties 888-276-9959
MRED MLS
$650,000
Est. $4,598/mo
6beds
4baths
Active
BEDS6 BATHS4 full MLS#12766158
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 200

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540 N Harvey Avenue, Oak Park, IL 60302.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $650,000$650,000$650,000
Down Payment $130,000$22,750$162,500
Monthly Mortgage Amount $3,503$4,300$4,247
Taxes $905$905$905
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$286$0
Monthly Estimated Total $4,598$5,681$5,342

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