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5744 N Ridge Avenue

Chicago, IL 60660
  • $599,000
  • STATUS: Active
  • ON SITE: 103 Days
  • MLS #: 12200531
UPDATED: 42 min ago
$599,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1916
County:
Area:

School Ratings & Info

Description

For User/Development Opportunity in Edgewater Glen/Andersonville. Offered for sale is a highly-visible, 4,000 SF, one-story retail property located at the signalized corner of Ridge and Glenwood...Situated in a densely populated residential corridor and zoned B1-2, the property is well-suited for conversion into multi-unit residential rentals or condominiums. Currently, the property houses an operating laundromat generating approx. $55K in annual revenue, with three additional vacant retail spaces. These include an 830 SF retail space with two restrooms, a 725 SF retail space with a bathroom, and a separate office/retail space with its own bathroom. Note: The two vacant retail spaces facing Glenwood are unfinished and will require build-out. Laundromat is fully operational-please do not disturb employees or management. There are two opportunities for the property (1) Build-out vacant spaces to stabilize cash flow. The location offers high visibility with significant daily traffic (30,100 vehicles per day) along Ridge Ave. (2) Tear down and build new residential rentals or condos. The location boasts excellent walkability with easy access to local shops, bus stops, and both CTA and Metra transit options. The property is located in a rapidly developing neighborhood with several new residential projects nearby, including 5691 Ridge and 5920 Ridge.

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-18T17:06:17.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5744 N Ridge Avenue Chicago, IL 60660

  • Price: $599,000
  • Status: Active
  • On Site: 103 Days
  • Updated: 42 min ago
  • MLS #: 12200531
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
For User/Development Opportunity in Edgewater Glen/Andersonville. Offered for sale is a highly-visible, 4,000 SF, one-story retail property located at the signalized corner of Ridge and Glenwood...Situated in a densely populated residential corridor and zoned B1-2, the property is well-suited for conversion into multi-unit residential rentals or condominiums. Currently, the property houses an operating laundromat generating approx. $55K in annual revenue, with three additional vacant retail spaces. These include an 830 SF retail space with two restrooms, a 725 SF retail space with a bathroom, and a separate office/retail space with its own bathroom. Note: The two vacant retail spaces facing Glenwood are unfinished and will require build-out. Laundromat is fully operational-please do not disturb employees or management. There are two opportunities for the property (1) Build-out vacant spaces to stabilize cash flow. The location offers high visibility with significant daily traffic (30,100 vehicles per day) along Ridge Ave. (2) Tear down and build new residential rentals or condos. The location boasts excellent walkability with easy access to local shops, bus stops, and both CTA and Metra transit options. The property is located in a rapidly developing neighborhood with several new residential projects nearby, including 5691 Ridge and 5920 Ridge.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Roof Structure Flat Water Drainage None

Interior Features

Cooling None Heat Ventilation Forced Air Number Of TLDocks 0

Property Features

Additional Parcels YN No Building Area Total 4000 Current Use Commercial Electric Circuit Breakers Fire Protection Fire Extinguisher/s Leasable Area 4000 Mls Actual Status Active Net Operating Income 0 Number Of Tenants 0 Property Offered For Sale Only Property Sub Type Neighborhood StorefrontOther Tax Annual Amount 31197 Tax Year 2023 Tenant Pays Air ConditioningElectricityHeat Township Lake View Type Retail/Stores Utilities Electric Nearby Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Strauss Realty Ltd: 773-736-3600.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-18T17:06:17.857 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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