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Prime Oak Park location, close to everything the town has to offer! Just blocks east of Harlem Ave, near I-290; 10 miles from downtown Chicago. Amazing opportunity for someone looking for a steady income. 5084 sq ft building. Immediate Care clinic on first level and a large 1393 sq ft apartment (apartment 1309 sq ft and deck 84 sq ft) on the second level, completely renovated 3 bedrooms, 2 bath, in unit laundry and new appliances, hardwood floors throughout. Fully rented- Rental income is $10,450 per month, very minimal expenses and tenants are responsible for all utilities. Net income is $102,442. CAP is 9.31%. Parking lot accommodates 4 vehicles.
View full listing detailsPrice: | $775,000 |
Address: | 1000 Madison Street |
City: | Oak Park |
County: | Cook |
State: | Illinois |
Zip Code: | 60302 |
MLS: | 11460885 |
Year Built: | 1921 |
Square Feet: | 5,084 |
actualStatus: | Active |
constructionmaterials: | Brick |
cooling: | Central Air |
electric: | Circuit Breakers |
flooring: | Wood |
frontagetype: | City Street |
insuranceexpense: | 3000 |
lotsizedimensions: | 5952 |
lotsizesquarefeet: | 5952 |
mlsareamajor: | Oak Park |
mlsstatus: | Active |
mrdAag: | Older |
mrdApt: | 1 |
mrdB78: | yes |
mrdBoardnum: | 10 |
mrdDoccount: | 2 |
mrdDry: | 1 |
mrdDsw: | 1 |
mrdEpy: | 2021 |
mrdExt: | Brick |
mrdFpr: | Fire Extinguisher/s |
mrdHvt: | Forced Air,Gas |
mrdIdx: | Y |
mrdInfo: | None |
mrdIss: | Owner Projection |
mrdLocat: | Corner |
mrdMc: | Active |
mrdMi: | Laundry Room |
mrdNoy: | 2021 |
mrdOa: | No |
mrdOes: | Owner Projection |
mrdOfc: | 1 |
mrdOwt: | Corporation |
mrdPko: | 1-5 Spaces |
mrdRef: | 1 |
mrdRng: | 1 |
mrdRos: | Flat |
mrdSto: | 1 |
mrdTen: | 2 |
mrdWdl: | Yes |
mrdWsh: | 1 |
numberofunitstotal: | 2 |
operatingexpense: | 4500 |
otherexpense: | 1500 |
parkingtotal: | 4 |
possession: | Closing |
propertyType: | Mixed Use |
stories: | 2 |
taxannualamount: | 18458 |
taxyear: | 2020 |
tenantpays: | Air Conditioning, Electricity, Heat, Sewer, Varies by Tenant |
totalactualrent: | 8500 |
township: | Oak Park |