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$1,950,000
Est. payment /mo
11,450 SqFt
UPDATED:
11/29/2024 04:58 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 11,450 sqft
Price per Sqft $170
MLS Listing ID 11952661
Year Built 1893
Annual Tax Amount $42,320
Tax Year 2022
Lot Dimensions 50 X 124
Property Description
Two-Building Mixed-Use Property in Wicker Park: This exceptional mixed-use property in Wicker Park offers a unique investment opportunity. Strategically located at the corner of North Ave & Hermitage, the property comprises two distinct parcels, each with its own PIN #, and is perfectly zoned B3-3 for seasoned investors and developers. The property features a total of six residential units and 3 commercial spaces, providing a variety of income streams and development possibilities. This prime location benefits from high foot traffic, proximity to public transportation (Damen Blue Line 'L' Station), The 606 Trail, and easy access to the 90/94 Expressway. The property's B3-3 zoning allows for a wide range of commercial and mixed-use development options. The seller has invested substantial time and resources into planning a redevelopment project, including architectural services, design plans, engineering studies, and a zoning change. These comprehensive plans can be transferred to the new owner, saving on costs and expediting the development process. Additionally, the property is EPA-certified, ensuring a smooth transition. To further assist your due diligence, a survey and information on several area incentives are available upon request. Don't miss this opportunity to acquire a valuable Wicker Park property with exceptional potential.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Partial
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Block, Stone
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael LaFargue • Coldwell Banker Realty
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