5233-5239 Damen Ave Chicago, IL 60625
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Chicago 6-unit building, value-add opportunity.
Property size:
6,148 SFProperty Features for 5233-5239 Damen Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 6,148 SF
- Lot Size
- 3,485 SF
Building Details
- Year Built
- 1932
- Buildings
- 1
- Stories
- 2
- Units
- 6
Listing Agency: Horvath & Tremblay Listing Agent: John Preston
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use investment property, located at 5233-5239 N Damen Avenue in Chicago, Illinois, presents a compelling value-add opportunity. The two-story building, constructed in 1932, encompasses 6,148 square feet on a 0.08-acre lot and features six units: three commercial storefronts and three residential units (two 2-bedroom/1-bathroom and one non-conforming studio). The net rentable area totals 5,800 square feet. The property is zoned B1-2, allowing for a variety of retail uses at street level. The commercial spaces previously housed a restaurant, offering potential for similar ventures or diverse redevelopment. Situated in a densely populated residential neighborhood, the property enjoys excellent visibility and accessibility. It's conveniently located one block from Foster Avenue (US Highway 41), less than two miles from Foster Beach, and one mile from Lincoln Square's vibrant commercial corridor. Public transportation is readily available via nearby CTA Brown and Red lines, and the Ravenswood Metra station. The property benefits from separate HVAC systems and individually metered gas and electricity for each unit (tenant responsibility), while the landlord covers hot water, water, and sewer. The strong demographics of the area, with over 56,600 people within a one-mile radius and an average household income exceeding $122,024, further enhance its investment potential. National retailers such as Mariano's, Jewel-Osco, and numerous fast-food chains are located nearby, driving significant traffic to the area. This property offers a blend of strong location, existing income, and significant upside potential for a savvy investor. Asking price is $1,150,000.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6794566
- Latitude
- 41.97697247
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Chicago 6-unit building, value-add opportunity.
Where is this individual retail property located?
The property is located at 5233-5239 Damen Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Mixed-use investment property with six units (three commercial, two 2-bedroom/1-bath, one non-conforming studio) totaling 5,890 square feet of leasable space and 6,148 square feet gross area on a 0.08-acre lot.; Located in the B1-2 Neighborhood Shopping District, allowing for diverse retail uses. Former restaurant space offers owner-user or value-add potential.; Situated in Bowmanville, Lincoln Square, 8 miles northwest of downtown Chicago, with nearby public transit (CTA Brown Line, Metra UP-N Line, Red Line), Winnemac Park, and Mariano's. Surrounded by national retailers.
