5748 North Ridge Avenue $599,900


    5748 North Ridge Avenue Chicago-Edgewater, IL 60660

    • Commercial
    MLS# 10270279 | New


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    Days On Market: 3 0 Views
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    Property Details

    Located in Edgewater/Andersonville at the lighted intersection of Ridge and Glenwood, the 4,000 sq. ft. property sits on a hard corner in a densely infill retail/residential corridor of Edgewater Glen. The property consists of a laundromat, an 825 sq. ft. space with 2 restroom and a 725 sq. ft, space with 1 bathroom - both spaces vacant spaces facing Glenwood need to be built out but will provide additional income. An investor may choose to develop the property into multi unit residential rentals or condominiums, as there is a high barrier of entry for both. Currently, a laundromat/dry cleaners, the property yields approximately $50K annually in income but has the potential for much more and offers a savvy investor the opportunity for stabilization by renovating the existing property, laundromat and renting the 2 vacant units within the building. Please do not disturb the tenants.


    Erene Panos

    Broker Associate

    RE/MAX Action

    Home Phone: 630-852-0297


    60660 (Chicago-Edgewater) Demographics

    37Median Age
    32,516Population Density (per sq. mile)
    56%College Educated
    $43,794Estimated Median Income
    7,341Estimated Total Home Owners
    12,988Estimated Total Renters
    36% / 64%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    41,490Total Population

    Market Last 30 Days

    $207,300 Median Sales Price
    32 Homes Sold
    64 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $599,900
        2/12/2019 11:38:00 AM New in Database Source

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