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708 S Grove Ave, Oak Park, IL, 60304

$668,000

Home List Price

$7,933*

Closing Credit

5 Bedrooms
4 Baths
House
Schools Nearby

Location

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708 S Grove Ave, Oak Park$668,000

Buyer Closing Credits

$7,933*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingOff Alley
Garage2 spaces
Year Built1919
HeatingNatural Gas
BasementYes
WaterfrontFencing
MLS #12049915
StatusAccepting Backup Offers
(Contingent)

About 708 S Grove Ave

This property is a rare find - it functions beautifully as an investment property and could also be perfect for multi-generational living. The icing on the cake is the coach house over the garage that currently operates as a successful airbnb that generates approx. $25000/year in additional income!! With the growing demand for short-term rentals, capitalize on the opportunity to generate substantial rental income from the Airbnb accommodations while enjoying the stability of long-term tenants in the main residence. Whether utilized as an Airbnb rental, guest suite, or home office, this versatile space offers endless possibilities. The owner's unit is a large 9 room, 3+ bdrm, 2.1 bath apartment which is duplexed into the basement, It includes a family room and an office/4th bedroom (rent expected to be approx $3,400 per month) . The 2nd floor apartment is a 2 bedroom, 1 bath apartment that has tenants you would love to keep. Heat (gas) is metered separately so each unit pays for their own heat and electric. Both units have been upgraded with newer kitchens and baths. The 1st floor unit has a large primary bedroom with an en-suite bath and walk-in closet). Each unit has its own furnace, central air, and washer & dryer. The home is situated on a generous 50' lot - it has plenty of green space and beautiful gardens as well as a great slate stone patio. Parking available for 4 cars --2 in the over-sized garage and 2 exterior spaces. This property has been lovingly maintained by the current owner-occupants for many years, and they have invested significantly in updates to major systems. Recent improvements include. Pella windows throughout; Stucco replacement/repair, exterior painting, newer roof, newer garage (including concrete pad and parking pad) both furnaces (under 5 yrs old), flood control system, electrical & plumbing updates. All of the heavy-lifting has already been done. This Property is in an ideal location, in an active and fun residential neighborhood, just steps to the Southtown Oak Park Ave Business District, with its many shopping and dining options, and less than 2 blocks to the Blue Line. Don't miss out on this rare chance to own a investment property with dual income potential. Whether you are an investor looking to expand your portfolio or a homeowner seeking supplemental income, this property offers endless possibilities.

Property Details

Property Features

Property Information:

  • Year Built: 1919

Listing Office:

  • Office Name: RE/MAX In The Village
  • Office Phone: (708) 386-1400
  • Listing Agent: Jane McClelland

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Fencing
  • Exterior: Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Off Alley

Lot Features

Lot Information:

  • Lot: Fencing

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Oak Park & River Forest High School, Public District Grades 9-12
  • Gwendolyn Brooks Middle School, Public District Grades 6-8
  • Abraham Lincoln Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Oak Park Ave to Van Buren; West to Grove; North to Home. Park before you reach Jackson as there is no parking in front of the home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $668,000

Tax Information:

  • Annual Amount: $13,019
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Oak Park, IL.

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Oak Park, IL

City

Med. Sold Price

$384.1K

Med. Price/SqFt

$230

Avg. Days On Market

22

# of Sold Homes

55

708 S Grove Ave vs Oak Park

15 DAYS ON ROCKET

-7 Days

$668,000

+$283.8K More

KEY TAKEAWAY

This property is $283.8K more than the Median Sold Price in Oak Park, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12049915

Listing Office:

  • Office Name: RE/MAX In The Village
  • Office Phone: (708) 386-1400
  • Listing Agent: Jane McClelland

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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 the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 10:15:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 07, 2001Home Sold
$320,000
Apr 03, 1998Home Sold
$210,000

Tax History

YEARPROP. TAXASSESSMENT
2019$13,019$37,364
2018$13,211$39,212
2017$12,943$39,212

History based on county public records data.

Payment Calculator

$3,401

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,069

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6303890
6
/10

  • Abraham Lincoln Elementary School

  • 1111 S Grove Ave

  • 0.52 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6303891
6
/10

  • Gwendolyn Brooks Middle School

  • 325 S Kenilworth Ave

  • 0.47 miles

  • Public District Grades 6-8

High School

school-card-donut-6303892
8
/10

  • Oak Park & River Forest High School

  • 201 N Scoville Ave

  • 1.04 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $113,699. Most Oak Park, IL residents have annual incomes between $100k-200k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 708 S Grove Ave

What is the listing price of this property?

The listing price of 708 S Grove Ave property is $668,000.

What type of property is this?

The property 708 S Grove Ave is a house located in Oak Park, Illinois, 60304.

Is this property for sale now?

Accepting Backup Offers: 708 S Grove Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 708 S Grove Ave are:
Abraham Lincoln Elementary School: GreatSchools Rating 6/10
Gwendolyn Brooks Middle School: GreatSchools Rating 6/10
Oak Park & River Forest High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $13,019 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 7, 2001 for $320,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 708 S Grove Ave has 5 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 708 S Grove Ave is 1919.

Rocket Homes›Illinois›Cook County›Oak Park›60304›708 S Grove Ave

This home is located at 708 S Grove Ave in Oak Park, IL and zip code 60304. This home was built in 1919. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $668,000.

While more than 30 listings in Oak Park, IL in April 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 20 were sold below. Between March 2024 and April 2024, Oak Park, IL real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in April 2024 was $384,125, while the average time on the real estate market was 22 days.

From Rocket Homes Real Estate and based on county public records data.

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