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Listed by Michael Zyungof Baird & Warner
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12737220
Year Built 1910
Annual Tax Amount $34,037
Tax Year 2023
Lot Dimensions 92x125
Property Sub-Type Mixed Use
Property Description
Located in the highly desirable Edgewater community on Broadway, this property presents an exceptional opportunity for investors, developers, and those looking to create a high-demand rental property. The location offers outstanding convenience, with Aldi and McDonald's directly across the street, providing everyday essentials and dining options just steps from the property. One of the property's biggest advantages is its proximity to Loyola University Chicago, located just a couple of blocks away. This makes the property particularly attractive for students seeking convenient off-campus housing close to campus, creating strong potential for a student-oriented rental development. The property is also a potential tear-down and redevelopment opportunity, with B3-5 zoning allowing for development of up to five stories, subject to applicable City of Chicago requirements and approvals. The zoning and location provide developers with the flexibility to explore a variety of concepts and maximize the property's potential. Whether you envision a modern multi-unit apartment building, a student-focused rental property, or another residential investment concept, this is an opportunity to take advantage of a prime location in one of Chicago's established neighborhoods. Bring your vision and explore the possibilities this property has to offer.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com