A prime mixed-use investment Corner property that includes a restaurant, mechanic shop, and a beautifully remodeled three-bedroom apartment. The restaurant is leased for $2,100 per month, the mechanic shop for $4,000 per month , and the apartment brings in $1,500 per month on a month-to-month basis. this is a fantastic opportunity to acquire a turnkey investment with steady income streams in a sought-after location. Contact us today for more information and to arrange a viewing.
Ravenswood, located between Uptown and Lincoln Square, is a residential and industrial Chicago neighborhood with a leafy streetscape and a rail-lined commercial spine. Much of its texture comes from brick two-flats, courtyard buildings, and converted lofts tucked along the Metra tracks. The neighborhood’s character concentrates around the Ravenswood Metra station area at Lawrence Avenue and Ravenswood Avenue, where breweries, coffee counters, and small studios cluster under the rumble of passing trains. Community pillars include Begyle Brewing, Dovetail Brewery, and the Ravenswood ArtWalk, which opens working studios to the street. Winnemac Park adds open lawns and ballfields, while the Damen Brown Line keeps the grid connected to the rest of the North Side.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Two ranges
Kitchen
Two ranges (kitchen appliances)
Heating & cooling
Gas heating/ventilation
Exterior features
City street frontage
Lot dimensions: 2646 (dimension value provided)
Home design
Mixed use property
Individual ownership
Parking
Street parking available
Indoor parking for 1–5 vehicles
Construction
Brick construction
Concrete perimeter foundation
Built before 1978
Utilities
Electric service with circuit breakers
Financial info
Four-unit building
Gross income / Total monthly income: $6,700
Gross rent multiplier: 6.7
Annual taxes (2024) listed
Other
Common expense items reported: water & sewer $2,000; electric $300; insurance $4,000
Possession at closing
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Condo/Co-op
County
Cook County
APN
14073070010000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 30, 2024.
B3-3
Community Shopping District
The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. Development in B3 districts will generally be destination-oriented, with a large Percentage of customers arriving by automobile. Therefore, the supply of off-street parking will tend to be higher in B3 districts than in B1 and B2 districts. The B3 district permits residential dwelling units above the ground floor. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts. The B3 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations (see Sec. 17-3-0401).
Permitted uses
Include but are not limited to:
Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Housing-Other
Office
Library
Post office
Veterinary clinic
Historical weather
Chicago, IL • 60625
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Redfin Estimate
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