
Listed by iRealty Flat Fee Brokerage
$900,000
17 Garfield Street
Details
APN 16173150020000
Property Type Multifamily
Sub Type Apartment Building
NOI $90,120
Year Built 1925
Zoning MULTI
Multifamily
Marketing description
Exceptional opportunity to acquire a solid brick vintage 4-unit full occupancy in highly desirable Oak Park, a transit oriented submarket known for stable tenancy and longterm appreciation. Located just off 290, this classic 1925 building sits on an oversized 50x125 lot and features four spacious 2 bed/1bath units with timeless character-original hardwood floors, tall ceilings, vintage trim, ceiling fans, and abundant natural light throughout. Each unit includes a full appliance package with stove, refrigerator, dishwasher and pantry, supporting strong tenant demand and easy leasing. Updated kitchens and baths. All units occupied, offering stable income. A full unfinished basement provides excellent storage capacity and potential for expanded laundry or future value added improvements. The property also includes a rare 4 car detached garage plus an additional exterior space, creating additional income and enhancing overall return. Outdoor amenities include a rear porch perfect for tenant seating and a fully enclosed wooden privacy fence, increasing tenant appeal and longterm retention. Tenants pay electric and gas, reducing operating exposure and supporting stronger net performance. With a 6.7% CAP rate built on strong annual rental income and minimized operating expenses, this asset delivers the fundamentals investors seek. Stable cash flow, low vacancy risk, and multiple avenues for value creation in one of Oak Park's most desirable rental corridors. Property being sold as-is.
Listing Contacts

Listed by iRealty Flat Fee Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,120.00
$7,510.00/mo
Valuation Metrics
0
DSCR
10.01%
Cap Rate
10.01%
ROI
Map
Zoning
R-7 ResidentialMulti FamilyMultifamily Residential
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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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