3936 Central Ave Chicago, IL 60634

Property Details for 3936 Central Ave

Property size

1,300 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 1,300-square-foot medical office building in Chicago's desirable Portage Park neighborhood presents a unique redevelopment opportunity. Priced at $239,500 ($184.23/SF), this single-story building sits on a sizable 5,700-square-foot lot and includes 12 parking spaces. The property's prime corner location offers significant potential for various uses, including updating the existing structure or undertaking a complete redevelopment. Current zoning allows for a building up to 38 feet high, with the possibility of a height variance for a three or four-story structure. The existing building is suitable for continued use as a medical office, but the expansive lot allows for mixed-use development incorporating office, medical, or retail space with residential units (condos or apartments) on upper floors. The property's location within Portage Park, a thriving northwest Chicago community, is further enhanced by the alderman's support for new developments that contribute to the area's growth. This presents a compelling investment opportunity for those seeking a high-return project in a vibrant and growing community. The Cook County Assessor's Property Identification Number (APN) is 13-20-203-042-0000. The address is 3936 N Central Ave, Chicago, IL 60634. A mixed-use rendering is available upon request.