Oak Park, IL 60302 1147 Madison Street
$595,000
9 more
Presented By: Pyne Properties, LLC
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 3,798
Home Details
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.
Presented By: Pyne Properties, LLC
Interior Features for 1147 Madison Street
Other Interior Features
FlooringTile
Total Fireplaces
General for 1147 Madison Street
Additional Parcels Y/NNo
CityOak Park
Construction MaterialsBrick, Concrete
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market3
DirectionsNorth on Harlem from I-290 Eisenhower Expressway to Madison Avenue. Property is located at the southeast corner of this intersection.
ElectricCircuit Breakers
Electric Expense2000
Fuel Expense2500
Gross Income40320
Insurance Expense4000
Lease TypeGross
Lot Size Square Feet3500
MLS AreaOak Park
NumberOfUnitsTotal2
Operating Expense12000
Possible UseCommercial, Office and Research
Property SubTypeApts/Ofc, Apts/Stores, Ofc/Store
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane, Reflective Coating
Standard StatusActive
StatusNew
Stories2
Tax Annual Amount8061
Tax Year2022
Tenant PaysElectricity, Heat
TownshipOak Park
Trash Expense1500
UtilitiesElectric to Site, Gas to Site, Sanitary Sewer, Water to Site
Water Sewer Expense1200
Year Built1923
ZoningOTHER
Exterior for 1147 Madison Street
Building Area Total3798
ExteriorBrick
Foundation DetailsConcrete Perimeter
Lot Dimensions28X125
Additional Details
Price History
