Active

5746 N Ridge Avenue

Chicago, Illinois 60660


Jen Romolo
847.826.1253

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$699,900




Property Type
Vacant Land
Community Area
Edgewater


Located in Edgewater/Andersonville at the lighted intersection of Ridge and Glenwood, the 4,356 sq. ft. property sits on a hard corner in a densely infill retail/residential corridor of Edgewater Glen. The property consists of a laundromat, an 825 sq. ft. space with 2 restroom and a 725 sq. ft, space with 1 bathroom - both spaces vacant spaces facing Glenwood need to be built out but will provide additional income. An investor may choose to develop the property into multi unit residential rentals or condominiums, as there is a high barrier of entry for both. Currently, a laundromat/dry cleaners (plant has never been on site), the property yields approximately $50K annually in income but has the potential for much more and offers a savvy investor the opportunity for stabilization by renovating the existing property, laundromat and renting the 2 vacant units on Glenwood or allows for a developer to completely re-imagine the property - a huge bonus with plumbing, sewer, electrical, etc already serving the site. **** In meetings with the Alderman, he is supportive of development on this corner and is favorable to increasing allowable height for multi-family units 2BR's and more. Alderman will not allow Liquor sales on the premises at this location. Multiple Addresses. Currently owner/user property but HUGE ADD VALUE OPPORTUNITY!



Full Features
Basement: Crawl
Parking Spaces: 0
Water Front: No
Square Feet: N/A
Tax Amount: $21,754
Tax Year: 2019


Taxes & Assessments
Taxes: $21,754

Listing information updated 5/9/2021 at 12:24am


Listing Office: Baird & Warner

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Edgewater photo


Edgewater

Neighborhoods: Andersonville, Edgewater Beach, Lakewood-Balmoral, Magnolia Glen, Edgewater Glen

Lakeside living never goes out of style in Edgewater. The neighborhood draws residents with its spectacular lake views, large beaches, thriving theater scene and restaurants with cuisines from around the world. Edgewater also boasts its fair share of antique shops,…

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School District(s)
City Of Chicago SD 299
Elementary School
Peirce Elem Intl Studies School
Middle School
Peirce Elem Intl Studies School
High School
Senn High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

CTA Rail

at Bryn Mawr (0.34 miles away)

Metra
Union Pacific North

at Ravenswood Metra (1.34 miles away)



 





5746 N Ridge Avenue Chicago, Illinois 60660 is a vacant land currently listed at $699,900. This vacant land has been listed on @properties since May 3rd, 2021. Nearby schools include Peirce Elem Intl Studies School, Senn High School. The nearest transit stops include Bryn Mawr CTA Red line, Union Pacific North Ravenswood Metra. Want to learn more about 5746 N Ridge Avenue Chicago, Illinois 60660? Contact an @properties agent to request more info.


© 2021 Midwest Real Estate Data, LLC. All Rights Reserved. The accuracy of all information regardless of source including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.