Prime development opportunity with RT4 zoning. Lot is 6300 sq ft building is 9800 sq ft. Approx 40 X 122 per floor. Originally built as a wood working shop, it has recently been used as an artist's work/live space with high ceilings up to 15'. Property is being sold AS IS. The building needs to be completely gut rehabbed,including leveling and pouring new concrete on the first floor, providing new sewer and water to the building from the street, and replacing all the siding and windows. It is structurally sound; has a 400 AMP electrical service and a 10' side driveway. The second floor has two additional studio spaces as well as a living space. 1 block from Cermak Road and the 21 Cermak bus and 3/4ths of a mile to the Pink Line (California / Cermak).
Details
MLS#
12284355
Listing Type
For Sale
Style
Office Building
Sub-Type
Resale
Status
Active Under Contract
Year
1860
Days On Site
77
Listing Provided By
Baird & Warner | Melissa Stanley
Features
SQ Feet
9,800
Story(s)
2
Zoning
OTHER
Market Activity 60623
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Feb 2025
Sales: 10
Avg $ Per SqFt: $188.54
Min Sale Price: $47,000
Max Sale Price: $425,000
Med Sale Price: $269,500
Date: Jan 2025
Sales: 12
Avg $ Per SqFt: $153.7
Min Sale Price: $50,000
Max Sale Price: $500,000
Med Sale Price: $340,000
Date: Dec 2024
Sales: 2
Avg $ Per SqFt: $165.54
Min Sale Price: $122,000
Max Sale Price: $397,000
Med Sale Price: $259,500
Date: Nov 2024
Sales: 6
Avg $ Per SqFt: $155.17
Min Sale Price: $112,000
Max Sale Price: $700,000
Med Sale Price: $292,500
Date: Oct 2024
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $389,000
Max Sale Price: $389,000
Med Sale Price: $389,000
Date: Sep 2024
Sales: 1
Avg $ Per SqFt: $146.54
Min Sale Price: $466,000
Max Sale Price: $466,000
Med Sale Price: $466,000
Date: Jun 2024
Sales: 2
Avg $ Per SqFt: $58.25
Min Sale Price: $485,000
Max Sale Price: $600,000
Med Sale Price: $542,500
Sourced by Back At You
Feb 2025
Sales:
10
Avg $ Per SqFt:
$188.54
Min Sale Price:
$47,000
Max Sale Price:
$425,000
Med Sale Price:
$269,500
Jan 2025
Sales:
12
Avg $ Per SqFt:
$153.7
Min Sale Price:
$50,000
Max Sale Price:
$500,000
Med Sale Price:
$340,000
Dec 2024
Sales:
2
Avg $ Per SqFt:
$165.54
Min Sale Price:
$122,000
Max Sale Price:
$397,000
Med Sale Price:
$259,500
Nov 2024
Sales:
6
Avg $ Per SqFt:
$155.17
Min Sale Price:
$112,000
Max Sale Price:
$700,000
Med Sale Price:
$292,500
Oct 2024
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$389,000
Max Sale Price:
$389,000
Med Sale Price:
$389,000
Sep 2024
Sales:
1
Avg $ Per SqFt:
$146.54
Min Sale Price:
$466,000
Max Sale Price:
$466,000
Med Sale Price:
$466,000
Jun 2024
Sales:
2
Avg $ Per SqFt:
$58.25
Min Sale Price:
$485,000
Max Sale Price:
$600,000
Med Sale Price:
$542,500
MLS Number: 12284355
Melissa Stanley – (773) 320-9234
Baird & Warner – (773) 549-1855
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