Chicago, IL 60623

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Description

Prime development opportunity with RT4 zoning. Lot is 6300 sq ft building is 9800 sq ft. Approx 50 X 126 per floor. Originally built as a wood working shop, it has recently been used as an artist's work/live space with high ceilings up to 15'. Property is being sold AS IS. Building is Dry: no water or sewer. The building needs to be completely gut rehabbed,including leveling and pouring new concrete on the first floor, providing new sewer and water to the building from the street, and replacing all the siding and windows. Has a 400 AMP electrical service and a 8' wide side driveway. The second floor has two additional studio spaces as well as a living space. 1 block from Cermak Road and the 21 Cermak bus and 3/4ths of a mile to the Pink Line (California / Cermak).

Features

• Property Type: Commercial
• Sub Type: Instut/To Develop
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60623
• Year Built: 1860
• Sq.Ft.: 9,800 sq ft
• Stories: 2
• Approximate Age: Older
• Building Area Total: 9800
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Wood, Frame
• Cooling: Window Unit(s)
• Directions: Cermak to Troy. South to property
• Docks: Exterior
• Electric: Circuit Breakers, Service - 201 to 600 Amps
• Expense Year: 2023
• Geographic Locale: East/West Corridor, Chicago West
• Heat/Ventilation: Gas, Space Heaters
• Information: List Broker Must Accompany
• Leasable Area Units: Square Feet
• Location: Central Business District, Public Transport Avail
• Lot Size Square Feet: 6300
• Main Type: Commercial Sale
• Operating Expense: 3900
• Outdoor Parking: 1-5 Spaces
• Property Offered: For Sale Only
• Tax Annual Amount: 20226
• Tax Year: 2024
• Tenant Pays: Electricity, Heat, Taxes
• Use: ART STUDIO
• Utilities: Electric to Site, Natural Gas Available