1423-1427 N Sedgwick St
Chicago, IL 60610
Old Town Neighborhood · Multifamily Property For Sale · 11 Units

Opportunity to re-use or redevelop a large lot in the Old Town Neighborhood of Chicago. Currently, there is a VACANT five story mixed-use building on the north side of the property, with a vacant double lot to the south. Total land square footage is 7,752 square feet (76 x 102.) The walk-up building is estimated to be 8,500 sq ft or close to 1,700 per floor. There are four large 3bed/2bath units on the 2nd-5th floor that have been remodeled for condos but were never completely finished and still do need some work. The lot is currently zoned B3-3, but there is precedence in the area for B3-5 zoning, and this property is within 700 feet from the Sedgwick Brown Line stop so it would be a fantastic candidate for a Transit Orientated Development. A new owner at that point may want to redevelop the entire parcel for one large multi-family development. Survey not yet available. All due diligence is buyers responsibility. Property being sold AS-IS. Property sits on the east side of Sedgwick St. just north of Schiller, south of North Ave.