Two-Story Brick Building For
For Sale
$439,000
7740 S Claremont Avenue, Chicago, IL 60620
12,000 sq ft property with TIF grant eligibility.
Property Size12,000 SF
Price / SF$36.58
Days on Market144
Property Features for 7740 S Claremont Avenue
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,241
Amenities
Central air
Partial Cooling
Building Details
Year Built
1950
Listing Agency:
XR REALTY
(773) 234-8155
Listed By:
ADAM RAMAHI · License #475181710
Source:
Corcoran
Added: Apr 1
Changed: Aug 22
Last Checked: Aug 22 at 6:57AM
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 XR REALTY
Investment Insights
Based on property information with market context.
This solid, two-story brick building, encompassing 12,000 square feet, is located within the Industrial Corridor System Fund district. The property is eligible for TIF grants and offers a versatile space suitable for various uses. The first floor features two garage doors, two bathrooms, an office, and a new car lift. The second floor provides 6,000 square feet of open space, which could be utilized as office space, a dance studio, or for inventory storage. The second floor also has an alley-accessible dock door equipped with an electric and manual hoist lift system. Recent upgrades to the property include a new sewer system and a 10-camera security system. The property's flexible zoning allows for various uses, including potential cannabis operations. Brand new floors have been installed upstairs.
Key Highlights
- Qualifies for TIF grants.
- 12,000 sq ft versatile space with flexible zoning.
- New floors installed upstairs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Flex space - 12,000 sq ft property with TIF grant eligibility.
Where is this flex space located?
The property is located at 7740 S Claremont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Qualifies for TIF grants.; 12,000 sq ft versatile space with flexible zoning.; New floors installed upstairs.
