Located centrally just 20 miles west of Chicago and with easy
access to Interstates 88, 290, and 294, and home to some of the worlds
most recognized brands such as McDonalds, Oak Brook is one Chicago's
most desirable suburbs. With just under 10,000 residents, Oak
Brook is a home to many C level professionals in addition to hockey
players, mobsters and physicians. It is known for its large
lots and for having the lowest property taxes in the county.
Residents pay no municipal taxes, so purchasing a $1mm home in Oak
Brook would come with a tax bill of around $9,700 in annual property
taxes versus Hinsdale where the annual property taxes would
be around $14,700 assuming the assessor placed a $1mm market value on
the property. Oak Brook is home to Oak Brook Mall that gets
nearly 100k in visitors, EVERY DAY.
Oak Brook was incorporated into a Village in 1958 and today there are around 3,200 households in Oak Brook.Today’s buyers who want a gated community have several to choose from with top notch amenities such as tennis courts and swimming pools. Although Oak Brook does not have a typically community feel due to its collection of disconnected subdivisions, there is a strong sense of community within each of the various subdivisions. Each Oak Brook neighborhood is its own community with an active homeowners' association and community events.
As of July 1, 2014. there is a just over a three months supply of single family homes on the market for sale in Oak Brook, Illinois which is almost a 1/3 less than where it was 5 years ago at this time and extremely low.
The time a home stays on the market in Oak Brook, Illinois is around 130 days which is its lowest in many years.
Oak Brook has its own school district, District 53, which includes Brook Forest Elementary School (grades K-5) and Butler Junior High School (grades 6–8). Students that live within the district attend Hinsdale Central High School, district 86. However, some residents of the village are within other DuPage county school districts, attending schools in Elmhurst, Downers Grove or Villa Park.
• Sunshine Montessori of Oak
Oak Brook kids are split between Hinsdale Central (Hinsdale)
High School District 86, Downers Grove North (Downers Grove), York
Community (Elmhurst) and Willowbrook High School (Willowbrook).
Oak Brook is built out, so the only new houses here are on
tear down sites (75 in the last five years) or the occasional dividing
of a large estate.
Oak Brook is also the home of many corporate offices. Below are the top ten employers in Oak Brook and the employee counts.
|Approx. Total Employees
|Oak Brook Center Mall
|Inland Real Estate
|Advocate Health Care
|Lions Clubs Int'l
|Oak Brook Marriott
Midwest Club is one of Oak Brooks most desirable area as it features a gated community containing about 220 homes all set on lots that are at least a half acre and some as much as an acre.
The Midwest Club was originally built in the 1980's and many homes have gone through gut rehabs or complete tear down. As of early 2012, homes in the Midwest Club subdivision of Oak Brook were selling at steep discounts.
2011 and 2012 Midwest Club