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2611 S Lawndale Ave
Chicago, IL 60623 Little Village

$650,000 USD

Medical For Sale  •  1,800 SF

Property Details

  • Property Type Medical
  • Total Building Size 1,800 SF
  • Lot Size 0.07 AC
  • Building Class B
  • Year Built 1901
  • Zoning B3-2
65 Transit Score
91 Walk Score

Description

EXECUTIVE PROPERTY SUMMARY 
The subject property is located at 2611 South Lawndale Ave., Chicago, IL 60623 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment opportunity. This is an urban Mixed-Use property located in the heart of Chicago's Little Village neighborhood. Featuring a new roof, currently fully renovated 2-story building, 3,600 SF of gross leasable area and 3,076 SF site. The subject property is zoned B3-2 and comprises a full basement, 1 commercial space, and a fully leased 2nd-floor large apartment. The subject property is situated in a mixed commercial and residential city setting making it a prime location for investment and/or owner-user opportunities. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. The subject property presents the unique opportunity to acquire a stand-alone building in the Little Village neighborhood.

PROPERTY/TRANSACTION HIGHLIGHTS
Property Type:     Mixed-Use/Medical
Property subtype: Free Standing Building
Building Size:      ±1,800 SF
Land Size:            ±3,076 SF (.07 AC) | 24 feet along Damen and 128 feet deep 
Bldg FAR             0.59
Parcel:                  16-26-306-003-0000
Built:                    1901
Building Class:     Class B
No. Stories:           2
Zoning:                 B3-2
Taxes:                   $13,878.12 / 2018 
Sale Type:            Owner/User/Investment
Traffic:                 ±16,116 VPD | Year 2018
22 Ward - Alderman Ricardo Munoz
Quick and easy access to I-55, I-290, I-90/94 Exp., and major thoroughfares such 26th Street, 22nd Street (Cermak Road) Cicero & Archer
Median Household Income Exceeding $32,795 within one-mile radius
Excellent Demographics | Population of 64,871 within-one mile of subject property

Highlights

Previously (2018) Gut Rehabbed Building
Great frontage on Lawndale Avenue
Easy accessible / Public transportation nearby
Favorable B3-2 Zoning
Great potential for many possible uses

Amenities

  • Fenced Lot

Public Transportation

Commuter RailDriveWalkDistance
Cicero Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.6 mi
Western Avenue Station (Bnsf) (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.6 mi
Transit/SubwayDriveWalkDistance
Central Park Station (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 14 min 0.8 mi
Pulaski Station (Pink Line) (Pink Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 10 min - 5.2 mi
Chicago O'Hare International 32 min - 18.2 mi
Wesley JonBerg 312-981-2384 Baird & Warner
Wesley JonBerg 312-981-2384 Baird & Warner