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2135 W Armitage Avenue Chicago, IL 60647 Land - Commercial New

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Description

A rare and exceptional opportunity to redevelop a prime site in the heart of Bucktown-truly a once-in-a-generation offering. Less than 2 blocks from the intersection of Armitage and Damen, this prominent site includes six buildings and multiple parking lots across 2135-2147 W. Armitage Ave. With 144 feet of frontage on Armitage and a total land area of 14,400 square feet (144x101), the site features approximately 23,632 square feet of existing building space. The mix includes a 3-story commercial mixed-use building at 2135, a 1-story commercial structure at 2137, 2-story mixed-use properties at 2139 and 2147, a partial 2-story commercial building at 2141, and a 2-story commercial property at 2145. Zoning includes RT-4 (2135, 2137, 2139, 2147) and C1-2 (2141, 2145), allowing for a wide range of future development uses, perfect for multi-family redevelopment site. Currently home to a USDA chicken processing and retail business as well as masonry 2-3 flats, the site also offers outdoor parking for 5 cars or 2 trucks. With strong demographics and unbeatable location, this site presents numerous possibilities for commercial, residential, or mixed-use redevelopment.

Property Highlights

Property Type: Land - Commercial
Total Acres: 0.33 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

General Information

County: Cook
Listed By:
Baird & Warner 312-242-1000
MRED MLS
$6,500,000
Est. $43,383/mo
New to the Market New
LOT SIZE 0.330 acres MLS#12692470
STATUSNew PROPERTY TYPELand - Commercial SCHOOLDistrict 299

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2135 W Armitage Avenue, Chicago, IL 60647.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $6,500,000$6,500,000
Down Payment $227,500$1,300,000
Monthly Mortgage Amount $38,779$32,441
Taxes $9046$9046
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $3,899$0
Monthly Estimated Total $53,620$43,383

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