Property for Sale: 1232 N Austin, Oak Park, IL 60302

$895,000
$895,000
1232 N Austin, Oak Park, IL 60302
$895,000
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Price:
$895,000

Type Commercial
Lot Size 0.15 acres
Year Built 1922

City Oak Park
County Cook

MLS 12217239
Status Active
A six-unit, vintage building located in Oak Park, Illinois. Noted for its quality housing stock and schools, Oak Park is a model community which provides a wide range of community services to residents within close proximity to the city of Chicago. Oak Park is approximately 10 miles from Chicago's downtown Loop and is one of the most sought-after suburbs for homeowners and renters. Oak Park's unique mix of diversity, community, world-famous architecture, upscale neighborhoods and commerce make it an ideal location to own rental property. 1232-34 North Austin Boulevard features six spacious two-bedroom / one-bathroom layouts (approximately 1,200 square feet) with separate dining rooms, enclosed rear porches and in-unit laundry. Each unit has been gutted and features newer electric, plumbing, porcelain tile flooring, stainless steel appliances, newer maple cabinets, countertops and lighting. The kitchens were reconfigured to include stackable washers and dryers in each unit and the bathrooms all feature newer vanities, medicine cabinets, light fixtures, plumbing fixtures and linen closets for additional storage. On-site the property contains eight parking spaces (two tandem) which rent for additional income, as well as on-site storage in the basement for each unit. A new owner could potentially duplex a first floor unit down to the basement level. Improvements to the building include roofs and parapet wall repairs, tuckpointing, new paving and striping of the parking lot, newer electrical service, panels and circuit breaking, newer plumbing, installation of security cameras and repairs to the boiler including installation of Honeywell Vision Pro remote sensor temperature controls. This investment is an opportunity for a new investor to acquire a renovated multifamily property in a strong and desirable Oak Park rental market. Through continued strong management a new investor has the potential to achieve consistent cash flow and returns.

Room Features

Basement Description Unfinished

Lot & Building Features

Construction Brick
Tax Year 2023
Lot Dimensions 6,377 SF ft

Price History of 1232 Austin, Oak Park, IL

Date Name Price Difference
12/31/1969 Listing Price $895,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by B2B Investment Properties LLC, Brigette Bell
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20%
1%
6.75%
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1232 Austin (MLS #12217239) is a commercial listing located in Oak Park, IL. This is a commercial listing with a lot of 6,534 sqft (or 0.15 acres). This property was listed on 12/02/2024 and has been priced for sale at $895,000.

Nearby zip codes are 60301, 60639, 60644, 60651 and 60707. This property neighbors other cities such as Chicago and River Forest.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: B2B Investment Properties LLC