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Listed by Anthony Florentinoof eXp Realty
$ 1,200,000
Est. payment | /mo
$ 1,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12458608
Year Built 1892
Annual Tax Amount $10,109
Tax Year 2023
Lot Dimensions 120X125
Property Sub-Type Industrial
Property Description
Rarely available five-parcel package featuring a legal four-flat, a single-family residence, and three additional lots currently zoned M-1 (light manufacturing). The city still allows continued use as residential, offering immediate rental income and flexibility while planning future development. The right buyer has the unique opportunity to rezone residential and create a modern multi-unit residential complex in the heart of a sought-after, fast-developing neighborhood, or alternatively, take advantage of the current zoning to establish an industrial/manufacturing facility. Situated close to major transportation, shopping, and neighborhood amenities, these parcels sit directly in the path of growth - truly "in the eye of the storm" of one of the city's most desirable emerging areas. This is a chance to control a large footprint with endless potential.
Location
State IL
County Cook
Zoning INDUS
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States