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2422 W North Avenue, Chicago, IL

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2422 W North Avenue

Chicago, IL 60647-5317 - Northwest City Submarket

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1961
Building Size:1,600 SF Land Area:.07 AC (3,049 SF)
For Sale Price:$379,000 Price/SF:$236.88
Cap Rate:-
Parking:2 Surface spaces are available; Ratio of 1.25/1,000 SF

Sale Notes:
SVN | Chicago Commercial is pleased to present for sale this fully-operational 1600 SF laundromat situated on a +/- 3000 SF commercial development lot in the northeast corner of Humboldt Park. An area that is undergoing massive evolution at the moment, this part of Humboldt Park has seen a significant rise in development activity lately, with developers building dozens of luxury units and more national retailers coming to the area. This property can be maintained as a retail building, either as a laundromat or home to a new business, or could potentially be up-zoned to allow for 3- or 4-flat development.
This property s located just across the border from Bucktown into Humboldt Park, named one of the 10 hottest neighborhoods in the nation by Redfin. The building and lot sit about half a block west of Western Avenue on North Avenue, the main retail and development thoroughfare in the area. This site is surrounded by local and national retail, with many shops, restaurants, and bars within easy walking distance. The property is directly served by the #49 CTA bus, and the CTA Blue Line subway is less than a 10-minute walk away. High average household incomes and low average ages in immediate area.

SVN l Chicago Commercial
Charles Gibbs
(312) 756-7332

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