$140,000
$10K PRICE DROP

512 Madison St Unit 1S Oak Park, IL 60302

Estimated payment $1,180/month

Total Views 12,530
1 Bed
1 Bath
824 Sq Ft
$170 Price per Sq Ft

Highlights

  • Wood Flooring
  • Living Room
  • Dining Room
  • Longfellow Elementary School Rated A-
  • Laundry Room
  • Family Room

About This Home

This (grandma) vintage condo is filled with character, natural light, lots of love and furniture. Imagine your furniture and style in this timeless, cozy and classic condo. Large windows throughout with an enclosed porch facing east. This condo is nestled in a prime Oak Park location, you'll enjoy easy access to public transportation, shops, restaurants, and parks-everything you need is right at your doorstep. Whether you're a student, first-time buyer or looking to downsize, this beautifully situated condo is a true diamond in the rough in the heart of Oak Park. Add your personal touch to make this your home.

Listing Agent

Erma Davis

Enterprise R.E. Consortium LLC License #471000896 Listed on: 09/10/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,082

Year Built

  • Built in 1913

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 824 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Schools

  • Oak Park & River Forest High Sch

Utilities

  • Radiator
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 27 Units
  • Mike Vitek Association, Phone Number (708) 851-2195
  • Property managed by Master Care

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,082

Year Built

Built in 1913

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 1
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1913
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 824
  • Room Type: No additional rooms
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 267
  • Association Amenities: Coin Laundry, Storage
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required
  • Management Company: Master Care
  • Management Contact Name: Mike Vitek
  • Management Phone: 708-851-2195

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • High School: Oak Park & River Forest High Sch

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2082
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 27

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $194 $9,589 $647 $8,942
2023 $236 $9,589 $647 $8,942
2022 $236 $7,939 $520 $7,419
2021 $224 $7,938 $519 $7,419
2020 $204 $7,938 $519 $7,419
2019 $237 $7,554 $473 $7,081
2018 $228 $7,554 $473 $7,081
2017 $219 $7,554 $473 $7,081
2016 $1,120 $7,419 $392 $7,027
2015 $1,054 $7,419 $392 $7,027
2014 $1,011 $7,419 $392 $7,027
2013 $1,494 $10,631 $392 $10,239
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2025 10/21/25 Price Changed $140,000 -6.7% $170 / Sq Ft
09/10/2025 09/10/25 For Sale $150,000 -- $182 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $50,500 --
Deed $52,500 --
Trustee Deed $75,000 --
Joint Tenancy Deed $69,000 --
Trustee Deed $40,000 --
Trustee Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,450 No Value Available
Previous Owner $49,850 No Value Available
Previous Owner $74,800 No Value Available
Previous Owner $55,200 No Value Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12457939

Midwest Real Estate Data (MRED)

APN: 16-07-421-019-1022