Moroney Homes, LLC
Listed by Moroney Homes, LLC
$1,800,000
309-311 Harrison Street
Details
APN 16173010040000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 8
Cap Rate 6.40%
NOI $115,089
Year Built 1925
Stories 4
Zoning MULTI
Multifamily | 6.40% CAP | 8 Units
Marketing description
309-311 West Harrison, Oak Park, IL is an 8-unit apartment building located in the heart of the Harrison Street Arts District. Unit mix includes three 3-bedroom units, three 2-bedroom units, one 1-bedroom and one studio. All units contain one bathroom. Parking includes a four-car brick garage and a parking pad on rear of property. Street parking is readily available to tenants of the building. Each unit has been extensively updated since 2020 and contain new kitchens, bathrooms, appliances, refinished floors and fixtures throughout. All units contain a modern feel with vintage charm. Prior updates include copper water pipes throughout, updated electric service to each unit, central cooling in each unit and new windows. Well thought out common areas include storage closets outside of each unit, brick patio with pergola, laundry room, ground floor storage closets, little free library and covered bike storage. Ideal location near the shops and restaurants of the Harrison Street Arts District. Close to transportation, including just .3 mile to nearest el stop and less than 10 miles from downtown Chicago. This is the perfect opportunity to acquire a high quality and low-maintenance, stabilized building in an ideal suburban location. One unit just became vacant and is available to view on first showings. Remaining seven units are rented to great tenants and can be viewed on second showings. Listing agent has an interest in the property.
Listing Contacts
Moroney Homes, LLC
Listed by Moroney Homes, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,089.00
$9,590.75/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
Map
Zoning
HS SpecialHarrison Street
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View all 106 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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