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- LoopNet Team
56-60 E Chicago Ave
Chicago, IL 60611
Multifamily Property For Sale
·
25 Units
INVESTMENT HIGHLIGHTS
- Exceptional High Street Location
- DX-12 Zoning
- Surrounded By High End Retail, Luxury High Rises, and Renowned Restaurants
- Rare Re-Development Opportunity
- 1 Block West Of Magnificent Mile
- 18,500 Net Rentable SF of Ground Level Retail Space
PROPERTY FACTS
| No. Units | 25 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 23,381 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1891 |
| Building Class | C | Cross Streets | E. Chicago Ave. & N. Rush St. |
| Zoning | DX-12 - DX-12 allows for a building with at least twice the current square footage | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 23,381 SF |
| No. Stories | 6 |
| Year Built | 1891 |
| Cross Streets | E. Chicago Ave. & N. Rush St. |
| Zoning | DX-12 - DX-12 allows for a building with at least twice the current square footage |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Smoke Detector
ABOUT 56-60 E CHICAGO AVE , CHICAGO, IL 60611
Built in 1891, 56 E Chicago Avenue was constructed as a 25 unit luxury apartment building complete with ornamented bay windows and architectural details. Additionally 3 ground level retail spaces offer tremendous high street exposure along East Chicago Avenue. A wide variety of development potential is possible including luxury residences, boutique hotel, adaptive re-use, or iconic flagship retail. Located between Chicago’s coveted Gold Coast and River North neighborhoods, 56 East Chicago Avenue is positioned at the crossroads of the Magnificent Mile and historic State Street. The building is offered 100% vacant.
PROPERTY TAXES
| Parcel Number | 17-03-230-006-0000 | Improvements Assessment | $502,500 |
| Land Assessment | $115,800 | Total Assessment | $618,300 |
PROPERTY TAXES
