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    1322 N Austin Blvd Oak Park, IL 60302

    Under Contract
    For Sale
    $625,000

    Commercial Sale - Oak Park, IL

    Property size:
    4,312 SF
    Lot size:
    0.09 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1322 N Austin Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    16051200290000
    Size
    4,312 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1951
    Number of units
    5
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Keller Williams Realty Infinity (630) 778-5800 [email protected]

    Listing agent Julie Oswald (815) 267-1158 License #475139632

    Listing date Oct 11, 2025

    MLS# 12479749 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Park Investment Opportunity

    This five-unit building presents an investment opportunity in Oak Park, Illinois, a community near Chicago. Each apartment features a spacious layout with natural light. On-site laundry and dedicated storage are included. Located close to downtown Oak Park, the property is near shopping, dining, entertainment, and cultural attractions such as the Frank Lloyd Wright Home & Studio and Ernest Hemingway Birthplace. The location is also convenient to parks, schools, and bike-friendly streets. The building size is 4312 square feet and sits on a lot of approximately 0.09 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7757529
    Latitude
    41.904669

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    FAQs

    What type of property is this?
    Apartment building - Five-unit building in vibrant Oak Park near Chicago.
    Where is this apartment building located?
    The property is located at 1322 N Austin Blvd Oak Park, IL.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - 5-unit building in highly desirable Oak Park rental market.; - Potential for rental growth and long-term value.; - Spacious apartments with natural light.
    (815) 267-1158
    Request Owner's contact information
    1322 N Austin Blvd Oak Park, IL 60302
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    Oak Park, IL 60302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1322 N Austin Blvd Oak Park, IL 60302
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