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Property 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.
Full Property Details
Full Property Details for 7545 W Addison St
General
- Price: $799,900
- Taxes: $32,972 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12580993
- Updated: 3/2/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Retail
Location
- Area: CHI - Dunning
- County: Cook
- Township: Jefferson
- Driving Directions: Addison Street between Oriole and Oleander Ave.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Drive-In Doors: 1
- Stories/Levels: 3
- Square Feet: 4,800
- Current Bldg. Use: Medical/Dental
- Year Built: 1930
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 11,250
- Lot Dimensions: 90 x 125
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1930
- Tax Amount: $32,972
- Tax Year: 2024
Disclosures and Reports
- Property ID: 12244000390000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 7545 W Addison St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dever Elementary School 3436 North Osceola Avenue, Chicago, IL 60634 | PK-8 | 0.2 mi |
Steinmetz Academic Centre High School 3030 North Mobile Avenue, Chicago, IL 60634 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7545 W Addison St
Date
Details
Price
Change
Source
3/02/2026
Listed
$799,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7545 W Addison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$23,973
3%
$113,622
—
2022
$23,370
2%
$113,622
—
2021
$22,848
-2%
$113,622
8%
2020
$23,427
11%
$105,163
—
2019
$21,129
2%
$105,163
—
2018
$20,773
25%
$105,163
37%
2017
$16,580
7%
$77,021
—
2016
$15,426
4%
$77,021
-5%
2015
$14,880
26%
$81,201
28%
2014
$11,765
2%
$63,409
—
2013
$11,532
-11%
$63,409
-12%
2012
$12,997
—
$72,428
—
Disclaimer: Historical tax 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 7545 W Addison St
7545 W Addison Street, Chicago, IL 60634 (MLS# 12580993) is a Commercial property. 7545 W Addison Street is currently listed for $799,900 and was received on March 02, 2026. Want to learn more about 7545 W Addison Street? Do you have questions about finding other Commercial real estate for sale in Dunning? You can browse all Dunning real estate or contact a Coldwell Banker agent to request more information.

