This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/15
5744 N Ridge Avenue, Chicago, IL 60660
$649,000
5744 N Ridge Avenue, Chicago, IL 60660View this property at 5744 N Ridge Avenue, Chicago, IL 60660
5744 N Ridge AvenueChicagoIL60660
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/15
Property Description
Another excellent investment opportunity in the Edgewater / Andersonville area. Located at the busy intersection of Ridge and Glenwood is an one story retail property is for sale. The property is zoned B1-2. Recent developments on Ridge include 5771 N. Ridge and current development at 5691 N Ridge. This 4,000 sq. ft. property sits on the corner of a residential corridor with great walkability to local shopping, Bus, CTA and Metra transit services. The property consists of a laundromat, an approximately 830 sq. ft. space with 2 restrooms, an vacant 725 sq. ft. retail space with a bathroom and a vacant office/retail type space with a bathroom. NOTE: Both vacant spaces face Glenwood and need to be built out to be used or leased. An investor may choose to develop the property into multi-unit residential rentals or condominiums. Currently, a laundromat / send out dry cleaners, yields approximately $55K annually in income but has the potential significant improvement. The property which has multiple addresses and provides the experienced investor the opportunity for stabilization by renovating the existing property or tear down and build new. Please do not disturb the tenants.
Full Property Details
Full Property Details for 5744 N Ridge Ave
General
- Price: $649,000
- Taxes: $16,353 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11830294
- Updated: 2/21/2024
- Added to Site: 290 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Edgewater
- County: Cook
- Township: Lake View
- Driving Directions: Ridge Avenue to 5744 N. Ridge Avenue
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Onsite: Electricity Nearby
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Ceiling Height: 11
- Stories/Levels: 1
- Square Feet: 4,000
- Current Bldg. Use: Commercial
- Year Built: 1916
Lot Features
- Lot Size (Sq. Ft.): 4,000
- Lot Dimensions: 107 x 88.5 x 66.2 x 23.85
- Drainage: None
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1916
- Tax Amount: $16,353
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 14053220010000
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5744 N Ridge Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1423 W Bryn Mawr Ave, Chicago, IL 60660 | PK-8 | 0.2 mi | |
5900 N Glenwood Ave, Chicago, IL 60660 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5744 N Ridge Ave
Date
Details
Price
Change
Source
8/09/2023
Price Reduced
$649,000
-16.26%
MLS
7/13/2023
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5744 N Ridge Ave
5744 N Ridge Avenue, Chicago, IL 60660 (MLS# 11830294) is a Commercial property. 5744 N Ridge Avenue is currently listed for $649,000 and was received on July 13, 2023. This property is listed by Michael LaFargue from our Lincoln Park Office.Want to learn more about 5744 N Ridge Avenue? Do you have questions about finding other Commercial real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.