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Listed by Peter DeFilippisof @properties Christie's International Real Estate
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Est. payment | /mo
4,800 SqFt
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Est. payment | /mo
4,800 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
MLS Listing ID 12580993
Year Built 1930
Annual Tax Amount $32,972
Tax Year 2024
Lot Dimensions 90x125
Property Sub-Type Retail/Stores
Property Description
Prime Investment Opportunity in the Highly Sought-After Dunning Neighborhood Exceptional redevelopment or income-generating opportunity in the desirable Dunning area. This 3-storefront commercial property (7545-7551 Addison Street) offers multiple strategic options for investors and developers alike. Option 1 - Immediate Rental Income: Continue operating as a fully leased retail investment property with three storefronts generating steady rental income. Option 2 - Redevelopment Potential: The property has been rezoned to B2-3, allowing for the development of 17+ residential units, with the potential for rear parking. Ideal for luxury condominiums or a high-end apartment building. Property Highlights: Total lot size: 90 x 125 (11,250 sq ft) Three existing storefronts Rear parking potential Strong redevelopment upside Located in the highly sought-after Dunning neighborhood This is a rare opportunity to acquire a sizable lot with flexible zoning in a thriving area. Contact the listing agent for additional information.
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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