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108 Madison Street, Oak Park, IL 60302
$369,900
108 Madison Street, Oak Park, IL 60302View this property at 108 Madison Street, Oak Park, IL 60302
108 Madison StreetOak ParkIL60302
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Property Description
This stunning mixed-use property offers a prime opportunity for investors or entrepreneurs seeking a lucrative venture in the heart of Oak Park. Situated on one of the most renowned streets in the area, this property boasts unparalleled visibility and constant foot traffic, making it an ideal location for businesses seeking maximum exposure. The ground floor features a spacious commercial unit, perfectly suited for retail, office space, or a thriving local enterprise. With expansive windows that flood the space with natural light and draw in passersby, this unit offers endless possibilities for a vibrant business operation. Upstairs, you'll find a versatile space that can easily be transformed back into a charming apartment. Whether you're looking to capitalize on the demand for residential rentals or create your own urban oasis, this upper unit provides a blank canvas for your creative vision. With its strategic location and bustling surroundings, this property presents a rare opportunity to establish a presence in one of Oak Park's most coveted neighborhoods. Don't miss your chance to make your mark on this dynamic community and unlock the full potential of 108 Madison Street!
Full Property Details
Full Property Details for 108 Madison St
General
- Price: $369,900
- Taxes: $28,686 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12051999
- Updated: 5/15/2024
- Added to Site: 11 day(s) ago
Interior
- Flooring: Tile, Vinyl
Additional Information
- Security/Safety: Fire Extinguisher(s)
Parking
- Parking Features: 6 to 12 Spaces, Common Parking, Open, Paved
Location
- Area: Oak Park
- County: Cook
- Township: Oak Park
- Driving Directions: East or West on Madison St to Property
- Location Details: Northwest Suburban, Central Business District, Mixed-Use Area, Public Transport Avail, In City Limits, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Exterior Const.: Brick
- Sub-Flooring: Tile, Vinyl
- Stories/Levels: 2
- Year Built: 1920
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Frontage: City Street, Public Road
- Potential Use: Commercial, Office and Research, Retail
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1920
- Tax Amount: $28,686
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service
Disclosures and Reports
- Property ID: 16083210260000
Listed by Realty of Chicago LLC
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Schools
Schools serving 108 Madison St
School Districts:Oak Park Elementary School District 97, Oak Park - River Forest School District 200
Rating | Name | Grades | Distance |
---|---|---|---|
715 Highland Ave, Oak Park, IL 60304 | PK-5 | 0.4 mi | |
416 S Ridgeland Ave, Oak Park, IL 60302 | 6-8 | 0.3 mi | |
201 N Scoville Ave, Oak Park, IL 60302 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 108 Madison St
Date
Details
Price
Change
Source
5/09/2024
Listed
$369,900
32.58%
MLS
3/06/2023
Sold
$279,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 108 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$28,686
3%
$74,704
—
2021
$27,954
57%
$74,704
53%
2020
$17,852
-5%
$48,904
—
2019
$18,762
4%
$48,904
—
2018
$18,059
2%
$48,904
—
2017
$17,663
-14%
$48,904
-5%
2016
$20,657
12%
$51,323
—
2015
$18,508
8%
$51,323
—
2014
$17,199
3%
$51,323
—
2013
$16,703
—
$51,323
—
2012
$16,697
—
$51,323
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 108 Madison St
108 Madison Street, Oak Park, IL 60302 (MLS# 12051999) is a Commercial property. 108 Madison Street is currently listed for $369,900 and was received on May 09, 2024. Want to learn more about 108 Madison Street? Do you have questions about finding other Commercial real estate for sale in Oak Park? You can browse all Oak Park real estate or contact a Coldwell Banker agent to request more information.