Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
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For Sale
15 Properties Within 0.5 miles of: 314 Madison, Oak Park

314 Madison
Oak Park, IL 60302

  • 4 Beds
  • 3 Baths
  • Built In 1909
Price

$155,000

Est Payment
$1,784 / month (details)  
Taxes
$10,756  
Beds
4  
Baths
3  
Rooms
8  
Type
Multi Unit  
Sq. Ft.
n/a  
Lot Size
25X112  
Built
1909  
Neighborhood
Oak Park  
MLS
#09814869
Status
Sold (3/20/2018)

Property Description

Money, money, money! Check out this brick 2 unit in Oak Park for only $169,000, excellent location! After Repair Value = $390,000! This Brick 2 unit mixed use property includes a large 1st floor commercial space. The 2nd floor includes a 3 bed 2 bath residential unit, 2900 square feet with a 2 car garage. You can turn this property into a cash flowing 3 unit building by making the 2nd floor 2 separate residential units each with 2 beds, 1 bath. Public records shows zoning is currently a 4 unit. Property needs a total gut rehab. Many options here, you can make it a 3 unit with finished storefront. Storefront can rent for $1,500 per month. 2nd floor you can have 2 apartments with 2 bed 1 bath, each can rent for up to $1,600 per month. Collect up to $3,700 per month and $44,400 per year! Could not find exact com-parables sold but there are 2 units in Oak Park that sold for $375,000 - $673,000. This could be a great cash flowing machine, there is also plenty of equity. Priced to sell!

Property Map

Property Details

Utilities

  • Heating Gas, Forced Air
  • Cooling
  • Water Lake Michigan
  • Sewer Sewer-Public

Additional Information

Parking
Garage On Site, Owned

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

12-08-2017 Listed at $179,000
12-09-2017 Status changed to Under Contract
01-30-2018 Status changed to Active
02-01-2018 Status changed to Under Contract
02-05-2018 Status changed to Active
02-13-2018 Price decreased by $10,000 to $169,000
02-26-2018 Status changed to Under Contract
03-21-2018 Status changed to Closed
03-20-2018 Sold at $155,000
Last Modified 3/26/18 11:09 AM

Nearby Transportation

  • Bus 91 0.5 mi
  • Bus 20 0.5 mi
  • Bus 86 0.5 mi
  • Bus 126 0.6 mi
  • Bus 85 1.0 mi
  • Bus 7 1.1 mi
  • Bus 12 1.1 mi
  • Bus 90 1.1 mi
  • Bus 66 1.1 mi
  • Union Pacific West 1.0 mi
  • Green Line 0.5 mi
  • Blue Line 0.7 mi
  • ZipCar 0.3 mi
  • I 290 West 0.8 mi
  • I 290 East 0.8 mi
  • I 55 South 4.8 mi
  • I 55 North 4.8 mi
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