7532 Addison St Chicago, IL 60634

This exceptional 10,980 square foot mixed-use building, located at 7532 W Addison St in Chicago's Belmont Heights neighborhood, presents a compelling value-add investment opportunity. Boasting over 230 feet of street frontage on busy West Addison Street, this property features 11 units (potential), ideal for multi-tenant occupancy. Currently operating at 100% occupancy with a modified lease structure, the building sits on a 0.52-acre lot providing ample rear parking for 24 vehicles. Constructed in 1930, the single-story building is zoned B1-1 and offers significant potential for future development. The property's prime location offers easy access to the Kennedy Expressway (I-90) and is within walking distance of CTA bus stops. While a separate entity, the potential for future passive income exists from a nearby cell tower expansion. This property represents a rare chance to acquire a well-positioned, multi-tenant commercial building in a thriving Chicago neighborhood. The asking price is $885,000, translating to $80.60 per square foot. The property includes APNs 12-24-225-028-0000, 12-24-225-026-0000, 12-24-225-025-0000, and 12-24-225-027-0000.