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Another excellent investment opportunity in the Edgewater / Andersonville area. Located at the busy intersection of Ridge and Glenwood. This property is ready for development. 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/dry cleaners, yields approximately $55K annually in income but has the potential significant improvement. The property provide the experience investor the opportunity for stabilization by renovating the existing property, laundromat and renting the 2 vacant units within the building. The property has multiple addresses 5742, 5744, 5725, and 5722. Please do not disturb the tenants.

Property Details of 5744 North Ridge Avenue

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Listed by Michael LaFargue and Stewart Morales of Coldwell Banker Realty

Based on information submitted to MRED  as of September 25, 2023 . 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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