315 S Maple Avenue Oak Park, IL 60302 • Multi Unit - Multiple • New $745,000

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.

Property Highlights