1147 Madison ST

Oak Park,IL 60302

$ 595000

- Bed

0 Bath

3798 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,798 sqft

Price per Sqft $156

MLS Listing ID 12092863

Year Built 1923

Annual Tax Amount $8,061

Tax Year 2022

Lot Dimensions 28X125

Property Description

Location, location, location! Exceptional, once-in-a-generation (or two) opportunity to acquire and improve a commercial property at the corner of Harlem and Madison avenues in Oak Park. Harlem Ave is one of the most heavily travelled roads in the area, providing access from I-290 (Eisenhower Expressway) to downtown Oak Park, River Forest and Forest Park, the latter of whose border and much improved downtown corridor begins just across the street. A Currency Exchange occupies the ground level on a month to month lease. The second level, currently unoccupied and in need of a gut rehab, possesses enormous income potential for commercial or possibly residential use.

Location

State IL

County Cook

Area Oak Park

Zoning OTHER

Interior

Cooling Central Air

Flooring Tile

Fireplace N

Exterior

Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water to Site

Roof Type Membrane,Reflective Coating

Building

Dwelling Type Mixed Use

Level or Stories 2

Structure Type Brick,Concrete

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