5439 N Broadway St
Chicago, IL 60640
Edgewater Mixed Use For Sale · Multifamily Property For Sale · 2 Units

Recently renovated, value add Edgewater three story mixed-use building, containing ground floor commercial and two-three bedroom, two bath residential units. The three units are individually metered, with in unit HVAC systems. The two residential units have their own washer and dryers. The residential units and ground floor commercial are currently leased. The residential units are leased at well below market rents. The property is zoned B3-3. The primary purpose of the B3, community shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts, including full service restaurants with liquor service. The property is located in the heart of Chicago's burgeoning Edgewater neighborhood and is less than a quarter mile to either the CTA's Berwyn or Bryn Mawr Red Line stations and right on the Broadway 36 bus line. Lake Shore Drive via Foster or Bryn Mawr is directly north and south of the site. High Traffic Counts. Approximately 70,000 cars enter the community at Foster Avenue via Lake Shore Drive. Broadway and Clark, the primary commercial streets, carry, respectively, 29,000 and 17,000 vehicles daily. These are levels of traffic characteristic of major shopping centers. The property has the added advantage of being immediately adjacent to Edgewater's newest luxury apartment building containing 42 two-and-three bedroom apartments and nearly 9,000 square feet of ground floor retail.