220 N Oak Park Avenue #2V
Prepared by: Scott Berg · Berg Properties
This is a preliminary estimate and not a formal appraisal.
Executive Summary
This report provides a preliminary valuation estimate for the condominium at 220 N Oak Park Avenue, Unit 2V in Oak Park, Illinois. The analysis draws on recent comparable sales in the Santa Maria complex and surrounding vintage condo buildings, as well as current market conditions as of April 2026.
Unit 2V is located in the iconic Santa Maria — a collection of charming 1920s vintage brick condo buildings directly across from Scoville Park in the heart of Oak Park's downtown. The complex is one of the most sought-after addresses for vintage condo living in the western suburbs: walkable to the Green Line CTA, Metra, Lake Theater, Oak Park Public Library, and dozens of shops and restaurants. The Oak Park & River Forest High School (District 200) designation adds meaningful buyer appeal.
Property Details
| Feature | Detail | Feature | Detail |
|---|---|---|---|
| Property Type | Vintage Condo, 2nd Floor | Building Name | Santa Maria |
| Construction | Brick, 1922 | County | Cook |
| HOA Includes | Heat, Water, Gas, Insurance, Exterior Maint., Lawn, Snow, Scavenger | HOA Fee (est.) | $380–$557/month |
| School District (Elem.) | Oak Park Elementary District 97 | School District (HS) | Oak Park & River Forest District 200 |
| Transit | CTA Green Line (Oak Park) & Metra (Milwaukee District West) — walking distance | Walkability | Very High — steps from downtown Oak Park |
| Special Features | Vintage woodwork, hardwood floors, crown molding, classic character details | Parking | Street parking (building may offer lot options) |
Equity & Ownership Context
Oak Park condo values have shown steady appreciation over the past decade. If you purchased Unit 2V in the 2017–2020 range at a typical price of $140,000–$165,000, the current market suggests meaningful equity gains of $45,000–$90,000 or more depending on updates made. The Oak Park market overall has held firm, with the all-property median near $380,000 (January 2026).
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📞 Call Scott: 773-960-2462 ✉ Send a Quick EmailComparable Sales (CMA)
The following recently sold properties represent the most relevant comparables for your unit — drawn primarily from the Santa Maria complex itself, plus nearby vintage condo buildings on N Oak Park Ave and Erie Street in central Oak Park.
| Address / Unit | Sold Date | Sale Price | Beds/Baths | Sq Ft | Notes |
|---|---|---|---|---|---|
| 220 N Oak Park Ave #1U | Nov 2024 | $201,500 | 2 / 1 | 950 | Same building; 1st floor |
| 220 N Oak Park Ave #3V | Listed 2025/26 | $255,000 | 2 / 1 | 1,171 | Same bldg; top floor, renovated |
| 232 N Oak Park Ave | Mar 2025 | $201,500 | 2 / 1 | 950 | Santa Maria complex |
| 232 N Oak Park Ave | Sep 2023 | $148,500 | 1 / 1 | 850 | Santa Maria, 1-bed comp |
| Nearby 2-bed (Oak Park Ave) | Apr 2023 | $165,000 | 2 / 1 | 1,100 | Santa Maria complex |
| 220 N Oak Park Ave #2T | Feb 2022 | $145,000 | 1 / 1 | 1,000 | Same building; 1-bed, dated |
Comparable Sale Prices vs. Subject Property Estimate
Automated Valuation Models (AVMs)
AVM data for the specific unit 2V is limited due to infrequent turnover, but data from neighboring units in the Santa Maria buildings provides a strong baseline. AVMs tend to undervalue vintage condos that have been updated, and overvalue those that haven't — making condition disclosure especially important here.
AVM Estimate Comparison
| Source / Basis | Estimate | Note |
|---|---|---|
| Zillow (Unit 1U basis) | ~$209,000 | Same bldg, 2-bed/1-ba |
| Recent 2-bed sales avg. | ~$207,000 | Nov 2024 & Mar 2025 |
| Renovated comp (3V) | ~$255,000 | Top floor, updated |
| $/sqft model (~$213/sqft) | ~$213,000 | Based on ~1,000 sq ft |
| Midpoint Estimate | ~$215,000 | Pre-condition assessment |
Local Market Conditions — Oak Park 60302
Oak Park remains one of the most desirable communities in the Chicago metro area. The condo segment is somewhat competitive with homes going pending in ~42–60 days. The overall Oak Park median home price stands at ~$380,000 (Jan 2026, Redfin). The vintage condo sub-market specifically — buildings like the Santa Maria — benefits from strong demand from buyers seeking character, walkability, and affordability relative to single-family homes in the same location.
Oak Park Condo Market — Price Context
The Santa Maria complex specifically benefits from a dedicated buyer pool — people who want vintage character, an exceptional location directly across from Scoville Park, and the walkability of downtown Oak Park. Units here are not commodity condos; they carry a premium for location and character that AVMs often undercount.
Schools — District 97 & District 200
Your condo is served by two highly regarded school districts. Oak Park & River Forest High School (District 200) is consistently ranked among the top public high schools in Illinois and is a significant draw for buyers with families — directly supporting condo values throughout Oak Park.
Recommended Next Steps
Ready to talk? Reach out at sberg@bergproperties.com or call 773-960-2462