Oak Park Real Estate

Get Cash at Closing When Purchasing in Oak Park, IL

Oak Park, Illinois is the first suburb west of the city of Chicago. It is a village of approximately 50,000 residents located in Cook County. Oak Park is well known for its architecture, excellent parks, and easy access to the city.

The village is probably best known for the architectural gems created by Frank Lloyd Wright. The largest collection of Wright-designed residential properties in the world is in Oak Park including his own home. You can also visit a museum dedicated to another favorite son of Oak Park, deceased author Ernest Hemingway.

Oak Park is home to one of the nation's leading park districts, first organized in 1912. It has some thirteen parks scattered throughout the village, for a total of 80 acres of parkland. The park district operates two swimming pools, a seasonal ice rink and an off-leash dog park.

Oak Park is served by the Chicago Transit Authority via the Blue and Green line "L" trains as well as the Metra Union Pacific West Line train. The Eisenhower Expressway also provides easy access to and from the city for Oak Park motorist.

There are many fine, well-maintained vintage homes in Oak Park. Median homes prices are approximately $180,000 and $400,000 for a condominium and single-family home respectively.

Median Home Prices in Oak Park, IL

Neighborhood	Property Type	Year	Q1	Q2	Q3	Q4
Oak Park	Condos and Townhomes	2008	$205,000	$215,000	$206,000	$208,500
Oak Park	Condos and Townhomes	2009	$164,500	$210,000	$177,750	$182,000
Oak Park	Condos and Townhomes	2010	$180,000	$172,500	$170,000	$162,126
Oak Park	Condos and Townhomes	2011	$140,000
Oak Park	Single Family Homes	2008	$406,000	$417,000	$437,500	$477,500
Oak Park	Single Family Homes	2009	$350,000	$371,000	$400,000	$350,000
Oak Park	Single Family Homes	2010	$354,250	$372,500	$387,500	$354,750
Oak Park	Single Family Homes	2011	$380,000

Source: Chicago Association of Realtors; data deemed accurate but not guaranteed.

If you are looking to purchase real estate in Oak Park you may be able to receive $1,000s in cash at closing with our Buyer Rebate Plan. Call us today at 312-282-7349.