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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.

Property Details of 5744 North Ridge Avenue

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Listed by Michael LaFargue of Coldwell Banker Realty

Based on information submitted to MRED  as of May 23, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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