315 S Maple Avenue Oak Park, IL 60302 • Multi Unit - Multiple • New $735,000

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 distinctive brick row home reflects Prairie School and Arts & Crafts influences seen in the work 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 highlight the craftsmanship and character that make this stretch of South Maple so special. This is a well-maintained vintage building with thoughtful updates throughout. The front porch was fully rebuilt five years ago, skylights were replaced 3-4 years ago, and recent tuckpointing has been completed. Many windows have been replaced, enhancing both efficiency and comfort. The property has a proven track record as a strong income-producing two-flat, previously generating $4,950 per month in gross rental income, including approved short-term rental use. It is now fully vacant, offering investors immediate control to reposition, lease at current market rates, or reinstate short-term rental operations (subject to licensing). Recent rents were below market, presenting clear upside potential for the next owner. The first-floor unit features a spacious living area with flexible rooms that can easily function as a traditional two-bedroom layout. The lower level offers excellent potential for a duplex-down configuration with modest improvements, creating expanded living space. The second-floor unit offers a three-bedroom layout with versatile living options. Two of the bedrooms can be combined to create a suite-ideal for a primary bedroom with an attached office, nursery, or sitting area. This property uniquely blends historic architectural appeal with strong income potential, flexible layouts, and room for future expansion-an exceptional opportunity in one of Oak Park's most architecturally significant corridors. Ideally located in downtown Oak Park, the home offers a highly walkable lifestyle just steps from shopping, dining, and entertainment, along with convenient access to CTA and Metra transit, top-rated schools, and everyday amenities-making it especially attractive to both tenants and long-term investors alike.

Property Highlights