316 N Austin Blvd Oak Park, IL 60302
- Commercial real estate
Current Use by Public Records
- Maranatha Christian Center / Protestant Church
Property Details for 316 N Austin Blvd
- Property type
- Commercial real estate
- APN
- 16-08-305-020-0000
Description
This exceptional 9,148 square foot lot presents a remarkable redevelopment opportunity in Oak Park's desirable Ridgeland-Oak Park historic district. Currently zoned R7 - Multi-Family, this property is ideally suited for multifamily development. The site boasts a 52x180 foot parcel with 12 existing parking spaces, a significant advantage for any future project. The existing three-story building, currently used as a religious institution, is legally non-conforming. Architectural features include a 1940 addition to the south side and an enclosed front porch with glass block windows. The property's location offers unparalleled convenience, situated within a 5-minute walk of the Austin Boulevard Metra station and a 5-minute drive from the Interstate 290 - Austin Boulevard Interchange. This prime location, combined with the generous lot size and existing parking, makes this an exceptional investment opportunity for developers seeking to capitalize on the strong demand for multifamily housing in this thriving area of Cook County, Illinois. The asking price for this land is $702,000. The property's APN is 16-08-305-020-0000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7751743
- Latitude
- 41.8859366
