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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30039298

7545 W Addison Street, Chicago, IL 60634

PD
IL 475115688
@properties Christie's International Real Estate
Listed by @properties Christie's International Real Estate
$799,900
95 days on market
Updated 37 days ago

7545 W Addison Street

Details
APN 12244000390000
Property Type Retail, Office
Sub Type Storefront, Medical Office (+2)
NOI $72,000
Year Built 1930
Stories 3
Lot Size (SqFt) 11,250
Zoning RTAIL

Retail

Marketing 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.
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Listing Contacts

PD
IL 475115688
@properties Christie's International Real Estate
Listed by @properties Christie's International Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$72,000.00
$6,000.00/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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