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5115 N Ravenswood Ave
Chicago, IL 60640
Two Story Commercial Building · Multifamily Property For Sale
·
1 Unit
INVESTMENT HIGHLIGHTS
- ±11,200 SF commercial building on a 50’ x 125’ lot
- Perfect opportunity to reposition the building into true flex, warehouse, or commissary with office on the second floor
- 8 minute walk to the Ravenswood Metra, 4 min bike / 8 min bus to the Damen Brown Line station
- Desirable Ravenswood Corridor location just off Foster Avenue, near the Clark & Foster intersection in Andersonville
- Three-car garage can be expanded to drive-up door with increased clear height for loading access
EXECUTIVE SUMMARY
Two-story commercial building situated on a 50' x 125' lot in the Ravenswood Corridor. The property presents a prime opportunity for an owner-user or investor seeking a flexible-use asset in one of Chicago’s most desirable North Side locations.
The first floor consists of 7,400 SF currently built out as office and treatment room space, while the second floor offers 3,600 SF of office space with ample natural light. The building includes a three-car garage, which can be expanded to a drive-up door to increase loading capacity and clear height.
PRICE REDUCTION
The first floor consists of 7,400 SF currently built out as office and treatment room space, while the second floor offers 3,600 SF of office space with ample natural light. The building includes a three-car garage, which can be expanded to a drive-up door to increase loading capacity and clear height.
PRICE REDUCTION
PROPERTY FACTS Under Contract
| Price Per Unit | $2,684,935 CAD | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 0.14 AC |
| No. Units | 1 | Building Size | 12,218 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1911 |
| Zoning | C1-2 - The site’s M1-2 zoning allows for a range of commercial and light industrial uses | ||
| Price Per Unit | $2,684,935 CAD |
| Sale Type | Investment or Owner User |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 12,218 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Zoning | C1-2 - The site’s M1-2 zoning allows for a range of commercial and light industrial uses |
PROPERTY TAXES
| Parcel Number | 14-07-408-085-0000 | Improvements Assessment | $284,822 CAD |
| Land Assessment | $53,875 CAD | Total Assessment | $338,697 CAD |
PROPERTY TAXES
Parcel Number
14-07-408-085-0000
Land Assessment
$53,875 CAD
Improvements Assessment
$284,822 CAD
Total Assessment
$338,697 CAD
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