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!
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Property Details
Utilities
Heating Gas, Forced Air
Cooling
Water Lake Michigan
Sewer Sewer-Public
Additional Information
Parking
Garage On Site, Owned
Payment Calculator
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
For More Information
(312) 528-9200
For more information about 314 Madison, Oak Park, IL 60302 contact Corcoran Urban Real Estate.
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Listing provided by Keller Williams Premiere Properties
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