Located in Edgewater/Andersonville at the lighted intersection of Ridge and Glenwood, the 4,000 sq. ft. property sits on a hard corner in a densely infill retail/residential corridor of Edgewater Glen. The property consists of a laundromat, an 825 sq. ft. space with 2 restroom and a 725 sq. ft, space with 1 bathroom - both spaces vacant spaces facing Glenwood need to be built out but will provide additional income. An investor may choose to develop the property into multi unit residential rentals or condominiums, as there is a high barrier of entry for both. Currently, a laundromat/dry cleaners, the property yields approximately $50K annually in income but has the potential for much more and offers a savvy investor the opportunity for stabilization by renovating the existing property, laundromat and renting the 2 vacant units within the building. Multiple Addresses. Please do not disturb the tenants.
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For more information about 5744 N Ridge, Chicago, IL 60660 contact Corcoran Urban Real Estate.
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