Three-Unit Building with Vacant
For Sale
Contact for pricing
Pending
939 N Orleans St, Chicago, IL 60610
Newer three-unit building with a ground-floor restaurant space, plus a vacant lot that is currently leased.
Lot Size0.11 Acres
Days on Market111
Property Features for 939 N Orleans St
General Information
Standard status
Pending
Lot size
0.11 Acres
Property subtype
Retail
Additional Details
Multifamily Units
2
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Baird & Warner
Listed By:
Philip Mistrata · License #IL 471001978
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 30 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
Investment Insights
Based on property information with market context.
Located in River North, this for-sale redevelopment opportunity includes a newer three-story multi-unit and an adjacent vacant lot. The existing structure is a three-flat configuration featuring a duplex-up, a simplex, and a ground-floor restaurant space with equipment.
The vacant lot is currently leased for $2,000 per month. Combined, the current income from the three-flat and the leased vacant lot is stated as $11,600.
The seller indicates the highest and best use would be redevelopment, including potential rezoning of the parcels. The total combined lot size for both parcels is described as 50 x 100, and the seller states that a zoning change may allow for up to 25 condos. The seller will cooperate with zoning change requirements.
The vacant lot is currently leased for $2,000 per month. Combined, the current income from the three-flat and the leased vacant lot is stated as $11,600.
The seller indicates the highest and best use would be redevelopment, including potential rezoning of the parcels. The total combined lot size for both parcels is described as 50 x 100, and the seller states that a zoning change may allow for up to 25 condos. The seller will cooperate with zoning change requirements.
Key Highlights
- Newer three‑story multi‑unit property includes a ground‑floor restaurant space with equipment.
- Vacant lot on‑site is currently leased for $2,000 per month.
- Total combined lot size for both parcels is 50 x 100.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
10,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 60610, IL
43,794
Population
30,091
Households
1.5
Avg Household Size
34
Median Age
79%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
39,813
Density / Sq Mi
$105,649
Median Household Income
$82,934
Median Earnings
$2,029
Median Rent
$543,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newer three-unit building with a ground-floor restaurant space, plus a vacant lot that is currently leased.
Where is this triplex located?
The property is located at 939 N Orleans St Chicago, IL.
What are key features of this property?
This property features: Newer three‑story multi‑unit property includes a ground‑floor restaurant space with equipment.; Vacant lot on‑site is currently leased for $2,000 per month.; Total combined lot size for both parcels is 50 x 100.
