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Mixed-Use Building with Storefront
For Sale
Contact for pricing
Pending

1500 S Oak Park Ave, Berwyn, IL 60402

Three residential units accompany a commercial salon space with included trade fixtures and recent electrical and masonry work.

Property SizeContact for details
Days on Market145

Property Features for 1500 S Oak Park Ave

General Information

Standard status Pending
Property subtype Mixed Use

Building Details

Tenancy Multi
Listing Agency: Realty of Chicago LLC
Listed By: Israel Valadez · License #IL 1009465
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Sep 2 at 3:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty of Chicago LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines three residential units with a commercial storefront currently configured for a hair salon. The sale includes the salon’s trade fixtures, providing an existing commercial setup alongside the residential component. Recent work includes electrical updates and masonry repairs.

The property is located at 1500 S Oak Park Ave in Berwyn, directly across from a school. Daily exposure is supported by reported vehicle volume in the thousands, while the storefront benefits from pedestrian activity along the corridor. The building has been held by one owner for more than 20 years.

Key Highlights

  • Three residential units plus one commercial storefront
  • Hair salon trade fixtures included in the sale
  • Recent electrical updates and masonry repairs

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Travel Agency (Bike/Boat/Book/etc) Store Hotel & Motel Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,144
Businesses Nearby

Demographics for 60402, IL

64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three residential units accompany a commercial salon space with included trade fixtures and recent electrical and masonry work.
Where is this mixed-use property located?
The property is located at 1500 S Oak Park Ave Berwyn, IL.
What are key features of this property?
This property features: Three residential units plus one commercial storefront; Hair salon trade fixtures included in the sale; Recent electrical updates and masonry repairs
More about this property
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