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    108 Madison Street

    Oak Park, IL 60302
    • $320,000
    • STATUS: Active
    • ON SITE: 290 days
    • MLS #: 10760981
    UPDATED: 51 min ago
    $320,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,100
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    Two unit building perfect for your business plus great rental income from the second floor. Large private parking area and great visibility on Madison St., with 19,100 cars passing by daily. Easy access to all forms of public transportation; close to the CTA Blue Line and Green Line, close to I-290. Ample on street parking. Strong potential to reduce property taxes significantly by converting 2nd floor from office to residential as originally built, no zoning variance needed. The second floor apartment was originally 3Brms / 1 ba but has ample capacity to be a very large 3bd/2bath or 4bd / 2 bath if desired, rough plumbing all ready to go for a second bath or laundry on the second floor. NEW IMPROVEMENTS in 2020 include tuckpointing, new roof, adding a skylight to the second floor living space, and remodeling on the second floor. Building has separate HVAC systems for each floor. Located across from Oak Park Village Hall and among the campus of municipal offices including Oak Park Park District, District 97 and Oak Park Police Department. Numerous new developments are underway on Madison Street from Austin to Harlem, from small independent businesses to large institutions including new townhomes, apartments, medical offices, sports facilities and a new Pete's Fresh Market. Ground floor is suitable and zoned for restaurant, retail, service or office use.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T20:53:22.547 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    108 Madison Street Oak Park, IL 60302

    • Price: $320,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 10760981
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,100
    SQFT
    $152
    $/SQFT
    1920
    Built
    Neighborhood:
    Oak Park
    County:
    Cook
    Area:
    Oak Park
    Property Description
    Two unit building perfect for your business plus great rental income from the second floor. Large private parking area and great visibility on Madison St., with 19,100 cars passing by daily. Easy access to all forms of public transportation; close to the CTA Blue Line and Green Line, close to I-290. Ample on street parking. Strong potential to reduce property taxes significantly by converting 2nd floor from office to residential as originally built, no zoning variance needed. The second floor apartment was originally 3Brms / 1 ba but has ample capacity to be a very large 3bd/2bath or 4bd / 2 bath if desired, rough plumbing all ready to go for a second bath or laundry on the second floor. NEW IMPROVEMENTS in 2020 include tuckpointing, new roof, adding a skylight to the second floor living space, and remodeling on the second floor. Building has separate HVAC systems for each floor. Located across from Oak Park Village Hall and among the campus of municipal offices including Oak Park Park District, District 97 and Oak Park Police Department. Numerous new developments are underway on Madison Street from Austin to Harlem, from small independent businesses to large institutions including new townhomes, apartments, medical offices, sports facilities and a new Pete's Fresh Market. Ground floor is suitable and zoned for restaurant, retail, service or office use.
    Exterior Features

    Construction Materials Brick Outdoor Parking 1-5 Spaces Parking Total 5

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Ansul SystemFire Extinguisher/S Heat Ventilation Forced Air Number Of Apts 0 Number Of Offices 1 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Electric Expense 0 Fuel Expense 0 Geographic Locale East/West Corridor Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Lot Size Dimensions 25X125 Other Expense 0 Tax Annual Amount 18762 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 0 Trash Expense 0 Water Sewer Expense 0 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner, Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T20:53:22.547 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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