5744 North Ridge Avenue Chicago, IL 60660

$649,000
0.09
Acres
$649,000
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Another excellent investment opportunity in the Edgewater / Andersonville area. Located at the busy intersection of Ridge and Glenwood is an one story retail property is for sale. The property is zoned B1-2. Recent developments on Ridge include 5771 N. Ridge and current development at 5691 N Ridge. This 4,000 sq. ft. property sits on the corner of a residential corridor with great walkability to local shopping, Bus, CTA and Metra transit services. The property consists of a laundromat, an approximately 830 sq. ft. space with 2 restrooms, an vacant 725 sq. ft. retail space with a bathroom and a vacant office/retail type space with a bathroom. NOTE: Both vacant spaces face Glenwood and need to be built out to be used or leased. An investor may choose to develop the property into multi-unit residential rentals or condominiums. Currently, a laundromat / send out dry cleaners, yields approximately $55K annually in income but has the potential significant improvement. The property which has multiple addresses and provides the experienced investor the opportunity for stabilization by renovating the existing property or tear down and build new. Please do not disturb the tenants.

Another excellent investment opportunity in the Edgewater / Andersonville area. Located at the busy intersection of Ridge and Glenwood is an one story retail property is for sale. The property is zoned B1-2. Recent developments on Ridge include 5771 N. Ridge and current development at 5691 N Ridge. This 4,000 sq. ft. property sits on the corner of a residential corridor with great walkability to local shopping, Bus, CTA and Metra transit services. The property consists of a laundromat, an approximately 830 sq. ft. space with 2 restrooms, an vacant 725 sq. ft. retail space with a bathroom and a vacant office/retail type space with a bathroom. NOTE: Both vacant spaces face Glenwood and need to be built out to be used or leased. An investor may choose to develop the property into multi-unit residential rentals or condominiums. Currently, a laundromat / send out dry cleaners, yields approximately $55K annually in income but has the potential significant improvement. The property which has multiple addresses and provides the experienced investor the opportunity for stabilization by renovating the existing property or tear down and build new. Please do not disturb the tenants.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Edgewater
  • Tax Amount
    $16,353
  • Status
    Active
  • Listing #
    11830294
  • Built
    1916
  • Lot Size
    0.09
  • Listed on site
    295 days

Listed by:
Coldwell Banker Realty

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Coldwell Banker Realty.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Aug 9, 20239 mos agoPrice decreased126,000 (16%)$649,000
Jul 13, 202310 mos agoNew on market$775,000
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