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$ 1,195,000

Est. payment -/mo

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5405 N Broadway ST Chicago, IL 60640

UPDATED:

08/26/2024 05:28 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12075821

Annual Tax Amount $35,426

Tax Year 2022

Lot Dimensions 50 X 150

Property Description

Excellent opportunity to purchase a longstanding automotive repair business or purchase for redevelopment in rapidly developing Edgewater! The barrel truss building is approx. 7,000 SF and sits on a 50' x 150' lot with alley access. The site is TOD Eligible with dash 3 zoning and proximity to the Berwyn Red Line CTA (~832' away) and Bryn Mawr Red Line CTA (~1,192' away). Existing zoning permits 18 residential units above ground floor commercial within right. Parking requirement reductions available due to TOD status. Edgewater continues to rapidly develop due to the access to public transit and the Lakefront. This development site is directly east of Lakewood Balmoral and Andersonville which are the two premier pockets within the larger Edgewater neighborhood. Foster Beach and the Lakefront Trail are also a 13 min walk from the site.

Location

State IL

County Cook

Area Chi - Edgewater

Interior

Fireplace N

Laundry None

Exterior

Utilities Available Electric to Site, Gas to Site, Water-Municipal

Waterfront false

Building

Dwelling Type Land

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Nathan Gautsche • Chicago Real Estate Resources

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