Chicago IL Real Estate & Land for Sale

Excited to offer the unique redevelopment opportunity located at 6943 N. Western Ave. in Chicago's vibrant West District neighborhood. This property spans 9,975 square feet and is zoned C1-2, providing various commercial development possibilities. Property Details: Location: 6943 N. Western Ave. is situated in a bustling commercial corridor, offering great visibility and accessibility. The surrounding neighborhood is a blend of residential and commercial spaces, ensuring a steady flow of potential clients and customers. Zoning: The C1-2 zoning allows for a diverse range of potential business uses, making the site versatile for various development visions. Land Area: The property has 9,975 square feet of prime land, offering ample space for creative redevelopment projects. Cell Tower Lease: Lease Terms: The cell tower lease, located on the southeast portion of the property, provides a reliable revenue stream. It began in January 1997 and was renewed in May 2015 for 28 years. As of June 2023, the lease has 20 years remaining, ensuring a stable and long-term source of income. Current Rent: The current annual rent is $39,675. According to the lease terms, the rent is upgraded every five years, with the next increase scheduled for June 2028. At that point, the rent will increase to $45,626 per year, providing a consistent and growing income for the new owner. Investment Opportunity: Land Purchase Price: The property is available for a competitive price of $900,000, offering significant potential for a high return on investment through strategic redevelopment. Cell Tower Lease Purchase Price: The cell tower lease can be acquired separately for an additional $900,000. This allows investors to secure an immediate revenue stream with predictable increases in the future. Overall, 6943 N. Western Ave. is a prime investment opportunity for savvy developers and investors. It offers versatility, a strategic location, and a consistent source of revenue through the existing cell tower lease.

An amazing opportunity to own or invest in 3 contiguous lots that offer the potential for various construction configurations. Nestled in the charming neighborhood of West Rogers Park, this lot is tucked away from the main streets, offering a serene and peaceful environment. Convenience is at your fingertips, as the land is located near stores, parks, and local eateries, ensuring easy access to all your daily needs. A brand new Starbucks is open within a quick 2-minute walk, providing a perfect spot to indulge in your favorite beverages and treats. One of the highlights of this location is the escape it offers from the hustle and bustle of everyday life. With a generous lot size, you have ample space to bring your vision to fruition and create a home that truly reflects your style and preferences. In addition to the tranquil setting, you'll be delighted to discover that this land is within a 5-minute drive of Howard Beach and Jarvis Beach. These beautiful beaches boast expansive grass areas, pristine sandy shores, and a park for children to enjoy. Imagine spending sunny days relaxing on the beach, soaking up the sun, and taking refreshing dips in the water, all just a stone's throw away from your future home.