Great opportunity, wonderful corner location. Mixed use property provides a favorable tax rate for a commercial property. Many new investments and beautiful streetscaping on Chicago Avenue in recent years. Area is home to national and long time local businesses - Enterprise Car Rental, Dominos, 7-Eleven, Oak Street Health, Code Play Learn, State Farm, Ace Hardware, many private practitioners and independent companies as well. Solidly built, ready for upgrades. Property consists of five attractive and sunny studio apartments on the second floor and approximately 2700 SF of commercial space. Commercial space is divisible. Clean EPA. Newer roof. Visibility and signage have served the existing business very well for over 50 years!
This listing 130 Chicago Avenue Oak Park, Il 60302
is a mixed use listing
on a lot of 3,050 sqft (or 25x122). 130 Chicago Avenue was built in 1957. 130 Chicago Avenue is located in Oak Park and in ZIP Code 60302.
It has been listed on our site since 7/6/16.
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Oak Park is best known for the association with Frank Lloyd Wright who designed many homes and community buildings in Oak Park and also made his residence in Oak Park.
Residents in this community cherish history and value a vintage and classical style. This safe community offers good schools and family fun with the convenience of easy access to Downtown Chicago.
Most importantly, Oak...
*Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.
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