7919 S Ashland Ave
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7919 S Ashland Ave
12,200 SF Office Building Chicago, IL 60620 £97,806 (£8/SF)
Executive Summary
Prime Redevelopment Site with Great Upside Potential
Priced to sell!
The owner will only entertain cash buyers or financing already in order and ready for quick close.
Included in purchase: Three-Story Former Bank Building and Two Parking Lots (adjacent parking lot next to the building and parking lot behind the building on 79th)
This is an exceptional opportunity to acquire a substantial property package with immense redevelopment potential. The centerpiece of this offering is a three-story former bank building that requires a complete gut renovation.
To maximize value and facilitate development, two adjacent parking lots are included in this sale. This combined package presents a unique chance to create a mixed-use or commercial development that caters to the demands of the local market.
Key Features:
Prime Location: Near the high traffic area of the intersection of 79th and Ashland Avenue
Three-Story Building: Offers substantial square footage for redevelopment.
Two Parking Lots: Provides ample parking or development options.
Redevelopment Potential: Create a high-value property through comprehensive renovation.
Land Assembly: Benefit from owning multiple parcels in a desirable location.
Flexible Use: Explore various development options to suit your vision.
Important Note:
The property is being sold "as-is" with no warranties or representations. The buyer assumes full responsibility for obtaining necessary permits, addressing code violations, and completing all renovations.
This is a unique opportunity for a savvy investor or developer to acquire a property with significant upside potential.
Priced to sell!
The owner will only entertain cash buyers or financing already in order and ready for quick close.
Included in purchase: Three-Story Former Bank Building and Two Parking Lots (adjacent parking lot next to the building and parking lot behind the building on 79th)
This is an exceptional opportunity to acquire a substantial property package with immense redevelopment potential. The centerpiece of this offering is a three-story former bank building that requires a complete gut renovation.
To maximize value and facilitate development, two adjacent parking lots are included in this sale. This combined package presents a unique chance to create a mixed-use or commercial development that caters to the demands of the local market.
Key Features:
Prime Location: Near the high traffic area of the intersection of 79th and Ashland Avenue
Three-Story Building: Offers substantial square footage for redevelopment.
Two Parking Lots: Provides ample parking or development options.
Redevelopment Potential: Create a high-value property through comprehensive renovation.
Land Assembly: Benefit from owning multiple parcels in a desirable location.
Flexible Use: Explore various development options to suit your vision.
Important Note:
The property is being sold "as-is" with no warranties or representations. The buyer assumes full responsibility for obtaining necessary permits, addressing code violations, and completing all renovations.
This is a unique opportunity for a savvy investor or developer to acquire a property with significant upside potential.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
12,200 SF
Building Class
B
Year Built
1928
Price
£97,806
Price Per SF
£8
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
4,066 SF
Building FAR
0.46
Land Acres
0.61 AC
Zoning
B4-2, Chicago
Parking
100 Spaces (8.2 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £6,027 | Total Assessment | £6,027 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£6,027
Improvements Assessment
£0
Total Assessment
£6,027
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Trudy Holmes - Exit True Design Realty Llc
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Exit True Design Realty Llc
7919 S Ashland Ave
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