In July 2015 Mavrek purchased a 6,000 square foot vacant building from Albany Bank. The property is located in the heart of the Oak Park Arts District, a thriving neighborhood that has seen significant appreciation over the past few years. Proximity to the CTA Blue Line (1 Block) and I-290 Expressway makes the location ideal for commuters from Downtown Chicago and the Western Suburbs.
Following acquisition, Mavrek successfully re-zoned the commercial property to mixed-use which reduced property taxes from $60,000 per year to less than $15,000.
A complete renovation of the property was completed in the Fall 2016. The fully occupied building includes 5 commercial spaces and 1 apartment. Tenants include: The Happy Apple Pie Shop, Tapster Robotics, District Kitchen & Tap and Tom Bassett-Dilley Architecture.