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149 Harrison Street

Oak Park, IL 60304
  • $495,000
  • STATUS: Active Under Contract
  • ON SITE: 13 Days
  • MLS #: 11483759
Under Contract
$495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:
Area:

School Ratings & Info

Description

Location! Location! Location! Fabulous building in the heart of the Oak Park Harrison Arts District! Amazing opportunity to own your own store-front space, currently an Art Gallery (approx. 1700 sqft) run by the owner of the building for the last 27 years and 2 income producing 2nd floor rental units; both are 2 bedrooms/1 bathroom (approx. 850 and 950 sqft.) High visibility, on the corner of Harrison and Lombard among well-established restaurants and shops. Located 1 block from the Blue Line train and just a few blocks from highway access. First floor currently does not take in rent. Huge potential to increase the worth in performance. Recent comparable properties have rented for $20 per square foot, increasing the Annual Gross Income by $28,000, with a Gross Rent Multiplier of 8.4.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2022-08-17T23:59:30.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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149 Harrison Street Oak Park, IL 60304

  • Price: $495,000
  • Status: Active Under Contract
  • On Site: 13 Days
  • MLS #: 11483759
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
Oak Park
County:
Cook
Area:
Oak Park
Property Description
Location! Location! Location! Fabulous building in the heart of the Oak Park Harrison Arts District! Amazing opportunity to own your own store-front space, currently an Art Gallery (approx. 1700 sqft) run by the owner of the building for the last 27 years and 2 income producing 2nd floor rental units; both are 2 bedrooms/1 bathroom (approx. 850 and 950 sqft.) High visibility, on the corner of Harrison and Lombard among well-established restaurants and shops. Located 1 block from the Blue Line train and just a few blocks from highway access. First floor currently does not take in rent. Huge potential to increase the worth in performance. Recent comparable properties have rented for $20 per square foot, increasing the Annual Gross Income by $28,000, with a Gross Rent Multiplier of 8.4.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Parking Total 0

Interior Features

Cooling Wall SleeveWindow Unit(S) Heat Ventilation Radiators Number Of Dishwashers 2 Number Of Ranges 2

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4176 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Current Use Commercial Electric Circuit BreakersSeparate Meters Fire Protection Hydrants On SiteCarbon Monoxide Detector(S) Geographic Locale Chicago West Gross Income 30960 Gross Scheduled Income 30960 Insurance Expense 2246 Location CornerMixed Use Area Mls Actual Status Contingent Operating Expense 30000 Ownership Types Individual Property Sub Type Apts/Stores Rental Price 0 Tax Annual Amount 13371 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 2580 Township Oak Park Type Mixed Use

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway Homeservices Chicago.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2022-08-17T23:59:30.387 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647