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Closed
  • $584,786

    7216 N Western Ave, Chicago, IL 60645

    --beds
    --baths
    7,405Square Feet
    Unimproved Land
    Built in ----
    7,405 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $1,550 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,550/mo

    Zestimate® history
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    Owner options

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    $1,550/mo

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    $1,550/mo

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    $3,442/mo

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    $3,442/mo

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    What's special

    This prime commercial land, zoned B3-2, boasts a strategic location on bustling Western Avenue, with a daily traffic count of approximately 22,600 cars. This property has a primary recommended zoning B2-2 and a secondary recommended zoning B3-2 allowing entrepreneurs and investors to explore a wide range of commercial possibilities. City of Chicago has recently adopted a comprehensive plan for Western Avenue, which includes this very property, offering exciting prospects for future development and growth. As an added bonus, this property comes with an existing commercial billboard, complete with a current lease that generates a passive income of $22,000.00 per year. This is an excellent opportunity to secure consistent returns on day one while the property is developed. Whether you're looking to establish or expand your business, invest in a thriving neighborhood, or secure a dependable source of passive income, 7216 N Western Avenue presents a rare chance to make your mark in one of Chicago's most dynamic areas. Don't miss out on this unique opportunity to shape the future of this prime commercial property. Contact us today to schedule a viewing and explore the endless possibilities that await you here. DO NOT WALK PROPERTY WITHOUT BROKER PERMISSION.

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd Trawinski 847-790-8400,

    Berkshire Hathaway HomeServices Chicago,

    Eve Trawinski, E-PRO,

    Berkshire Hathaway HomeServices Chicago

    Bought with:

    Sid Khan

    Century 21 Universal

    Source: MRED as distributed by MLS GRID,MLS#: 11895754MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas

    Property

    Parking
    • Parking features: Gravel
    Features
    • Frontage length: 92
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 92X79.8X92X79.8
    Details
    • Parcel number: 10254280130000
    • Zoning: COMMR
    • Special conditions: None

    Utilities & green energy

    • Water: Municipal Water
    • Utilities for property: Natural Gas Available

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Annual tax amount: $7,784
    • Date on market: 2/14/2024
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    2/12/2024Sold$584,786-13.4%
    Source: MRED as distributed by MLS GRID #11895754 Report a problem
    2/9/2024Pending sale$675,000
    Source: MRED as distributed by MLS GRID #11895754 Report a problem
    1/2/2024Contingent$675,000
    Source: MRED as distributed by MLS GRID #11895754 Report a problem
    10/2/2023Listed for sale$675,000
    Source: MRED as distributed by MLS GRID #11895754 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Ridge

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.