316 Austin BlvdOak Park, IL 60302

  • Land
For Sale
$702,000 View listing

Property Details for 316 Austin Blvd

Property type
Land

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.

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.8859
Longitude
-87.7752

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