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317 N Marion Street

Oak Park, IL 60302

5 beds
2 baths
– sqft
4,260 sqft lot
1903 build
– on site

Welcome to this beautifully updated 2-flat perfectly situated just minutes from vibrant downtown Oak Park! Whether you're an investor looking for a successful short-term rental or a homeowner seeking flexibility and passive income, this property checks all the boxes. Each unit features stylish updates, including new stainless steel appliances, modern kitchens and baths, and in-unit laundry for added convenience. The spacious layouts offer comfort and privacy, making it an ideal setup for guests, tenants, or extended family. The first-floor unit features 2 bedrooms and 1 bath. The 2nd-floor unit features 3 bedrooms and 1 bathroom. Step outside to enjoy your private deck and new brick paver patio, a private backyard oasis-the perfect space for relaxing, entertaining, or unwinding after a long day. This outdoor retreat adds even more value to an already impressive property. 2 car garage and 1 additional parking space. Currently operating as a profitable Airbnb, this home is a proven income generator in a highly desirable location known for its walkability, tree-lined streets, and easy access to shopping, dining, parks, and public transportation. Live in one unit and rent out the other, keep it as a full-time investment, or convert to a traditional rental-possibilities are endless with this move-in ready multi-unit gem!

Listing courtesy of MRED / RE/MAX In The Village as distributed by MLS GRID

Last checked: Checking… • Last updated Jul 7, 2025 •

MLS# 12409131 —

The Building

Year Built:

1903
Rebuilt:

No
New Construction:

false
New Construction:

No
Construction Materials:

Brick, Stone
Architectural Style:

Greystone
Roof:

Flat
Basement:

Unfinished, Full
Patio And Porch Features:

Deck, Patio
Other Equipment:

Ceiling Fan(s)

Interior

Rooms Total:

11

Location

Directions:

Lake Street north on Marion
Location:

90706

The Property

Parcel Number:

16071070120000
Property Type:

Residential Income
Location:

A
Lot Features:

Common Grounds
Lot Size Dimensions:

30X142
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

15322

Beds

Bedrooms Total:

5
Bedrooms Possible:

5

Baths

Baths:

2
Full Baths:

2

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas, Steam, Radiator(s), Sep Heating Systems - 2+

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan

Schools

Elementary School:

Oliver W Holmes Elementary Schoo
Elementary School District:

97
Middle Or Junior School:

Gwendolyn Brooks Middle School
Middle Or Junior School District:

97
High School:

Oak Park & River Forest High Sch
High School District:

200

The Community

Community Features:

Curbs, Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

3
Parking Features:

Garage Door Opener, On Site, Garage Owned, Detached, Off Alley, Owned, Garage
Garage Spaces:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/6/25 Jul 6, 2025	Listed / Active	MRED	$674,900	40.6% (9.2% / YR)
2/12/21 Feb 12, 2021		MRED	$480,000	-3.9%
12/18/20 Dec 18, 2020		MRED	$499,500

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This multifamily located in Frank Lloyd Wright Historic District, Oak Park, IL 60302 is currently for sale for $674,900. 317 N Marion Street is a – square foot multifamily with 5 beds and 2 baths that has been on Estately for 1 days. 317 N Marion Street is in the Frank Lloyd Wright Historic District neighborhood of Oak Park and has a WalkScore® of 95, making it a walker’s paradise. This multifamily is in the attendance area of Holmes Elementary School, Gwendolyn Brooks Middle School, and Oak Park And River Forest High School.

Listing courtesy of MRED, RE/MAX In The Village, and Keri Meacham as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jul 7, 2025, 08:22 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.