Pilsen Mixed-Use | 4-Unit

2222 S Damen Avenue, Chicago, IL

$549,900

Price

4,641 sqft

Building Size

0.1431 acres

Lot Area

Overview
Building Size
4,641 sqft
Lot Area
0.1431 acres
Units
5
Year Built
1914
Description

Two (2) Brick buildings on a 6,232 square foot lot with a garage and parking. The main building is a beautiful 3-unit building and features a full basement with 7' +/- ceilings and a gravel floor to potentially duplex down. The apartments feature a large staircase entrance, favorable layouts with vintage wood accents, and a large balcony for entertaining. The ground floor is currently being used as an artist live/work space and can be used for a variety of uses such as convenience store, coffee, artist space, etc.

The adjacent building features a 825+/- square foot retail space that would be perfect for a cafe, coffee, brewery, community kitchen (commissary) daycare, or live work space. The rear garage is a large 1,000+ square foot brick structure that is in need of a new roof but could easily be leased out to a mechanic or as car storage or combined to make a large 1,800+/- SF retail/office space. There is approximately parking for 6-8 cars.

Favorable C1-2 Zoning allows for a 2.2 FAR to redevelop entire site or tear down the small retail/garage and redevelop a portion of the site.

Extremely easy apartments to rent due to its proximity to the CTA Pink Line, Cinespace, UIC, and the Illinois Medical District. Neither brokers or sellers can confirm the legality of the unit count.

Located in Chicago's Heart of Italy neighborhood (West Pilsen), located approximately 3 miles southwest of Chicago's Business District, just south of the busy signalized intersection of Damen Avenue & Cermak Road. 23,100 vehicles per day pass in front of the site and 37,900 VPD at the intersection. The site benefits from its location which is just one block to the Damen Avenue CTA station and has easy access to I-55, I-290, and I-90/94.

Highlights
  • Large 6,232 SF Lot
  • One Block to Damen Avenue CTA Pink Line
  • 37,900 VPD at the Intersection of Damen & Cermak
  • Beautifully Maintained Apartments
  • Full Basement
Documents

Location
Gallery