254 Chicago Ave, Unit D
Prepared by: Scott Berg · Berg Properties
This is a preliminary estimate and not a formal appraisal.
Executive Summary
This report provides a home valuation estimate for the townhome at 254 Chicago Ave, Unit D in Oak Park, Illinois. The analysis draws on public records, recent comparable sales, and current market conditions as of March 2026. The property is a premium 3-bedroom, 2.5-bath end-unit townhome in an exclusive 5-unit boutique complex, built in 2006 with high-quality finishes throughout. At 2,292 square feet across four levels — including a finished basement family room and an entire top-floor master suite — this home stands out in the Oak Park townhome market.
Oak Park is one of the most sought-after communities in the Chicago metro area, with top-rated schools, walkable neighborhoods, and strong long-term appreciation. The subject property benefits from its location in the 60302 zip code, proximity to the Green Line, and the OPRF school district — all of which command a consistent buyer premium.
Property Details
| Feature | Detail | Feature | Detail |
|---|---|---|---|
| Property Type | Townhouse (End Unit), 4 Levels | Neighborhood | Oak Park Northeast |
| County | Cook | PIN | 16-05-322-030-1004 |
| Heating | Natural Gas, Forced Air, Zoned | Cooling | Central Air |
| 2023 Property Taxes | $9,663/yr ($805/mo) | Owned Since | Nov 17, 2008 (17+ years) |
| HOA Fee | ~$223/month | HOA Includes | Water, parking, insurance, ext. maintenance, lawn, snow |
| Special Features | SS appliances, granite counters, Grohe/Toto fixtures, bubble-jet tub, hardwood floors, walk-in closets, terrace, fire sprinklers | Basement | Finished family room (14x14) |
Your Equity Position
After more than 17 years of ownership, you have built an estimated $225,000 in net equity — representing approximately 47% of your home’s current estimated value. You purchased the home for $420,000 in November 2008; the Oak Park market has appreciated meaningfully since then, and your ongoing mortgage payments have steadily reduced your principal balance. Based on a 30-year conventional loan at the prevailing 2008 rate of approximately 6.49%, the estimated remaining balance is around $250,000.
You’ve Built ~$225,000 in Equity
Let’s talk about what a sale could actually look like for you — what you’d walk away with, what the timeline looks like, and what the Oak Park market is doing right now.
📞 Call Scott: 773-960-2462 ✉ Send a Quick EmailComparable Sales (CMA)
The following recently sold properties represent the most relevant comparables for your home. Comps are selected to reflect townhomes of similar size, style, and location in Oak Park — with particular weight given to properties on Chicago Ave and nearby Wisconsin Ave, which share the same buyer profile and walkability premium.
| Address | Sold Date | Sale Price | Beds/Baths | Sq Ft | $/SqFt |
|---|---|---|---|---|---|
| 254 Chicago Ave Unit B (same complex) | Jun 2023 | $335,500 | 2 / 2.5 | 1,650 | ~$203 |
| 414 Wisconsin Ave Unit E | Nov 2025 | $470,000 | 3 / 3 | 2,400 | ~$196 |
| 413 Wisconsin Ave Unit B | Sep 2024 | $530,000 | 3 / 2.5 | 2,615 | ~$203 |
| 120 Chicago Ave Unit A | Jan 2026 | $354,724 | 3 / 2.5 | 1,556 | ~$228 |
| 224 N Kenilworth Ave Unit 3B | Aug 2024 | $390,000 | 3 / 2 | 1,970 | ~$198 |
Comparable Sale Prices vs. Subject Property Estimate
Automated Valuation Models (AVMs)
Multiple independent valuation providers estimate your home’s value. These models use public data and do not account for condition or recent updates. The AVM consensus centers around $440,000 – $510,000, with the Homes.com midpoint estimate at $470,174.
AVM Estimates Comparison
| Provider | Estimate | Note |
|---|---|---|
| Homes.com (mid) | $470,174 | Range: $425K–$563K |
| Zillow (est.) | ~$449,000 | Oak Park avg +9.3% YoY |
| Compass | $420,000 | Last sold price (2008) |
| CMA-Based Estimate | ~$475,000 | Based on comp analysis |
| Consensus Midpoint | ~$470,000 | — |
Local Market Conditions — Oak Park 60302
Oak Park remains one of the most desirable communities in the Chicago metro area. As of early 2026, it is a seller’s market with tight inventory, strong buyer demand from move-up buyers, and year-over-year home value appreciation of +9.3%. The Oak Park & River Forest school district continues to be one of the most powerful value drivers in the western suburbs, and walkable neighborhoods like yours command a consistent premium.
Oak Park Market Price Context
📚 Want a deeper look at what’s driving prices in Oak Park right now? Visit oakparkexpert.com — covering local trends, school district values, and what buyers are paying a premium for today.
Schools — District 97 & District 200
Your home is served by two of the most highly regarded school districts in Illinois. The Oak Park & River Forest High School (District 200) designation is one of the most powerful selling points in the western suburbs — buyers actively seek homes in this boundary and pay a meaningful premium for them.
Recommended Next Steps
Ready to talk? Reach out at sberg@bergproperties.com or call 773-960-2462