Price Reduction - Eco Friendly
Address
1142 Chicago Avenue Oak Park, IL
Price
$ 998,000
Property Attributes
  • MLS#10539931
  • TypeContingent
  • CountyCOOK
  • CityOak Park
  • AreaOak Park
  • NeighborhoodDowntown
  • Zip60302
  • Style
  • Year Built1920
  • Taxes69472
  • Price$ 998,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17000
Listing Provided Courtesy Of:
Baird & Warner, Inc.
Property Description

Striking Terracotta clad commercial building in Oak Park. Located in a charming walkable business district adjacent to the Frank Lloyd Wright District. Currently configured with fully leased retail on the first floor; second floor offers various sized office space. Improvements in some retail spaces include new flooring, washrooms and exposed brick. Low vacancy. Many long-time tenants. Originally built as mixed use, many original features still in place throughout the second floor including layout, full bathrooms, original woodwork and marble entryways. Strong potential to convert to mixed use under existing zoning. Robust area investments ongoing at Lake St. and Harlem, Chicago Ave and Harlem, and the former Sears site at North Ave and Harlem. Tremendous visibility - 34,800 VPD on Harlem Avenue, 13,100 on Chicago Avenue. Surrounding neighborhood includes the Frank Lloyd Wright Home and Studio, great independent retailers like Alioto's and Tulipia, Doggie Day Play and Yuppie Puppy, walking distance to CTA Green Line and Metra, Target, Gap, Trader Joes, Whole Foods, Walgreens, and the vibrant restaurants, shops, and entertainment in Downtown Oak Park. Lovingly owned for decades by the same family, tremendous potential with this iconic building.

Price History
10/7/2019 Listed $1,400,000
2/24/2020 10% - $1,265,000
9/2/2020 22% - $998,000

General Features

Property SubType Neighborhood Storefront
Property Type Retail/Stores
Property Type Commercial Sale
Standard Status Active Under Contract

Exterior Features

Building Area Total 17000
Lot Dimensions 68X164

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60302

Price
AVG $430K
$1,000K
Taxes
AVG $12,479
$69,472
Visits
AVG 53
597
Year Built
AVG 1937
1920
Walkscore
AVG 77
81
Data Provided by Walkscore ® not using MLS data

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