Oak Park Multifamily Redevelopment
For Sale
$702,000
316 N Austin Boulevard, Oak Park, IL 60302
Residential zoned property in Oak Park with redevelopment potential.
Property SizeContact for details
Days on Market453
Property Features for 316 N Austin Boulevard
General Information
Standard status
Active
Building Details
Year Built
1910
Listing Agency:
BAIRD & WARNER
(773) 315-7005
Listed By:
CATHY YANDA · License #475177167
Source:
Corcoran
Added: May 27, 2025
Changed: Mar 16
Last Checked: Aug 22 at 7:21AM
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 BAIRD & WARNER
Investment Insights
Based on property information with market context.
Located in Oak Park, this property presents a prime investment opportunity. Currently utilized as a non-profit with a religious purpose, the residential zoned property is suitable for multifamily use and offers various potential applications. The oversized lot provides redevelopment possibilities, featuring 12 parking spaces at the rear. A new owner could restore the property to its original state as a single-family home. The property is being sold "As Is" and is conveniently located near transit options.
Key Highlights
- Prime investment opportunity in Oak Park.
- Multi‑family residential zoning allows for various uses.
- Oversized lot with 12 parking spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 60302, IL
33,698
Population
15,702
Households
2.1
Avg Household Size
41
Median Age
71%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
11,233
Density / Sq Mi
$97,414
Median Household Income
$69,368
Median Earnings
$1,348
Median Rent
$450,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential zoned property in Oak Park with redevelopment potential.
Where is this multifamily property located?
The property is located at 316 N Austin Boulevard Oak Park, IL.
What is the asking price?
The asking price for this property is $702,000.
What are key features of this property?
This property features: Prime investment opportunity in Oak Park.; Multi‑family residential zoning allows for various uses.; Oversized lot with **12 parking spaces**.
