Location: 2525 West Gunnison Street, Chicago, IL 60625
Large 2900Sf 2 flat on 50 x 157 RT4 lot. One of the best buy/hold opportunities in Lincoln Square. Building is currently vacant but can be delivered fully leased. Bonus 2500SF garage holds up to 12 cars. Great cash flow potential!
Lot size: 50' x 127'
Unit #1: 6 rooms / 2 bedrooms / 1 bath
Unit #2: 7 rooms / 3 bedrooms / 1bath
Basement: Full, unfinished
**This land has been rezoned RT-4. The new zoning allows for future redevelopment into a 6 unit condominium building.
About the neighborhood:
One of Chicago's most unique neighborhoods, Lincoln Square is growing more popular with urbanites who appreciate its graceful real estate blend of private single-family residences and neatly kept apartment and condominium buildings. The heart of Lincoln Square is its one-of-a-kind commercial district at the intersection of Lawrence, Western and Lincoln Avenues. Framed by the Lincoln Square Arch and home to famous restaurants such as the Chicago Brauhaus and Meyer's Delicatessen, the district also offers a great many other trendy shops, eateries and cafes. Nearby is the famous Old Town School of Folk Music offering concerts and music and dance lessons of all kinds.