Sold for $155,000 on 3/20/18
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 4 |
3 |
1909 |
— |
2 |
$10,756 |
2710 days |
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!
Listing courtesy of Keller Williams Premiere Properties
314 Madison St. is a multi-unit home built in 1909, and is located in Oak Park, IL. It has 4 bedrooms and 3 bathrooms, a 2-car garage, and has annual property taxes of $10,756.
Marco Amidei
(888) 32-Marco (847) 630-4886
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