$535,000
$595,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
1147 Madison ST Oak Park, IL 60302
3,798 SqFt
Key Details
Sold Price $535,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,798 sqft
Price per Sqft $140
MLS Listing ID 12092863
Sold Date 02/20/25
Year Built 1923
Annual Tax Amount $8,061
Tax Year 2022
Lot Dimensions 28X125
Property Sub-Type Mixed Use
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
Level or Stories 2
Structure Type Brick,Concrete
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