Active
5744 N Ridge Avenue
Chicago IL, 60660
$599,000
$149.75 per sqft
Active
4,000 sqft
Commercial
Built in 1916
Courtesy of Strauss Realty Ltd
For User/Development Opportunity in Edgewater Glen/Andersonville. Offered for sale is a highly-visible, 4,000 SF, one-story retail property located at the signalized corner of Ridge and Glenwood...Situated in a densely populated residential corridor and zoned B1-2, the property is well-suited for conversion into multi-unit residential rentals or condominiums. Currently, the property houses an operating laundromat generating approx. $55K in annual revenue, with three additional vacant retail spaces. These include an 830 SF retail space with two restrooms, a 725 SF retail space with a bathroom, and a separate office/retail space with its own bathroom. Note: The two vacant retail spaces facing Glenwood are unfinished and will require build-out. Laundromat is fully operational-please do not disturb employees or management. There are two opportunities for the property (1) Build-out vacant spaces to stabilize cash flow. The location offers high visibility with significant daily traffic (30,100 vehicles per day) along Ridge Ave. (2) Tear down and build new residential rentals or condos. The location boasts excellent walkability with easy access to local shops, bus stops, and both CTA and Metra transit options. The property is located in a rapidly developing neighborhood with several new residential projects nearby, including 5691 Ridge and 5920 Ridge.
12200531
MLSⓇ ID
November 6, 2024
Listed
November 22, 2024
Updated
Map
5744 N Ridge Avenue
Chicago IL, 60660
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.09 Acres
Other Property Details
Area Name
CHI - Edgewater
Taxes
$31,197
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Cook
Municipality
Lake View
Pool
No
Zoning
COMMR
Courtesy of Strauss Realty Ltd, David Kaplan,
Listing Contact: 847-302-2387
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Based on information submitted to the MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 7:21 AM UTC, 11/22/2024
