Lisa Lynes
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 3.0 stories
Year Built: 1930
General Information
County: Cook
Listed By:
@properties Christie's International Real Estate
847-832-0002
MRED MLS
MLS ID: 12580993
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7545 W Addison Street , Chicago, IL 60634.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $799,900 | $799,900 | $799,900 |
| Down Payment | $159,980 | $27,997 | $199,975 |
| Monthly Mortgage Amount | $3,684 | $4,583 | $4,783 |
| Taxes | $1113 | $1113 | $1113 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $352 | $0 |
| Monthly Estimated Total | $5,030 | $6,281 | $6,129 |
Lisa Lynes
REALTOR®
Cell: (319) 330-5077
Licensed in IA
Iowa City Office
1075 Highway 1 West
Iowa City, IA 52246
(319) 351-7845
Iowa City, IA 52246
(319) 351-7845
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