Attention developers, multi-unit investors, and anyone looking for a phenomenal cap rate: This is a 2unit that comes with an additional Lot next to it. Lot size is:50x100. See attached projected income/expense statement with two options to build out on this deal. Amazing opportunity a hop skip and a jump away from Southport shopping (Lululemon, Anthropologie, Jeni's Icecream), Wrigleyfield stadium, and public transportation. The building and neighboring lot are both zoned C1-2 Neighborhood Commercial District.That means the property is zoned for: Retail storefronts. Allows more business types than B1 districts, including liquor stores, warehouses, and auto shops. Apartments permitted above the ground floor. Property is located in the 47th Ward, Alderman Matt Martin. This opportunity won't last and very few lots available in this location. You won't want to let this one go.
Listing courtesy of Space Finder Inc.
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