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Elmwood Park Office Condominium
For Sale
Contact for pricing
Pending

7234 W North Ave, Elmwood Park, IL 60707

3,300 SF office condo in Elmwood Park for sale.

Property Size3,300 SF
Days on Market890

Property Features for 7234 W North Ave

General Information

Standard status Pending
Size 3,300 SF
Total Parking Spaces 3
Property subtype Office
Zoning R-4

Building Details

Units 2
Listing Agency: Millennium Properties R/E
Listed By: Susan Silver · License #IL 475136992
Source: Crexi
Added: Mar 27, 2024 Changed: Aug 13 Last Checked: Aug 29 at 3:17AM

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 Millennium Properties R/E

Investment Insights

Based on property information with market context.

Located just west of the intersection of North and Harlem Avenues in Elmwood Park, this 3,300 square foot office condominium is available for sale. It is part of the Cameo Towers building, which includes 178 residential units and 20 commercial units. The property offers the opportunity to occupy one suite and benefit from rental income from a lease with H&R Block. The surrounding area includes retailers such as Walgreens, Panera Bread, CVS, and McDonald’s, along with several restaurants. The Village of Elmwood Park is a residential and historical community with commercial corridors, located 13 miles from the city of Chicago.

Key Highlights

  • Benefit from rental income stream from existing H&R Block lease.
  • 3,300 square foot office condominium.
  • Located in Cameo Towers building with 178 residential units and 20 commercial units.

Property Analytics

Current Use

S & E Property ... Property Management Company James H Cunningham ... Insurance Agency TW0ZER0 LLC Consultant Tapped In Worldwide (Bike/Boat/Book/etc) Store Brown Women Wellness Wellness Program

Suggested Use

Top Pick Grocery & Convenience Store Food Market Real Estate Agency (Bike/Boat/Book/etc) Store Pharmacy Storage Facility

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

Location Intelligence

Trade Area within ½ mile

1,474
Businesses Nearby

Demographics for 60707, IL

43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - 3,300 SF office condo in Elmwood Park for sale.
Where is this office units located?
The property is located at 7234 W North Ave Elmwood Park, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Benefit from rental income stream from existing H&R Block lease.; 3,300 square foot office condominium.; Located in Cameo Towers building with 178 residential units and 20 commercial units.
(312) 338-3000 Call to check price and availability
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