7545 W Addison Street
Chicago, IL 60634

Tools & Resources:

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.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60634
• Year Built: 1930
• Sq.Ft.: 4,800 sq ft
• Stories: 3
• Zoning: RTAIL
• # Of Drive In Doors: 1
• # Of Tenants: 2
• Additional Parcels: Yes
• Building Area Total: 4800
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Addison Street between Oriole and Oleander Ave.
• Electric: Circuit Breakers
• Heat/Ventilation: Forced Air
• Information: Highly Confidential
• Investment (Y/N): Yes
• Leasable Area: 1600
• Lot Size Square Feet: 11250
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1600
• Property Offered: For Sale Only
• Tax Annual Amount: 32972
• Tax Year: 2024
• Township: Jefferson