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6301 S Western Avenue

Chicago, IL 60636
  • $299,000
  • STATUS: Active Under Contract
  • ON SITE: 325 Days
  • MLS #: 11298860
Under Contract
UPDATED: 29 min ago
$299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1924
County:

School Ratings & Info

Description

The Gaynor Building is an excellent Chicago Lawn redevelopment opportunity. The subject property sits at the SEC of the signalized intersection of 63rd St. and Western Ave., it occupies the entire 13,000 sf land site and is presently vacant and ready for redevelopment. An astute developer could consider new retail with offices up, retail with 28 residential units up or, the true visionary, might take advantage of the exposure to 31,600 VPD, demolish the entire building and deliver a much needed QSR/drive-thru solution. B1-2 zoning allows for a variety of uses and the property resides squarely in an Opportunity Zone. Further, because the CTA's #63 (63rd St.) and #49 (Western Ave.) bus stops are at the front door, any future residential play would likely be considered a Transit Oriented Development (TOD) and if you don't think the city could use another 28 units of affordable housing, you don't know this city! Other major area businesses include: Marquette Bank, Jewel, Walgreens, Pep Boys, Chase Bank, Murray Auto and other new strip centers coming online. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence. Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-26T22:57:27.05 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6301 S Western Avenue Chicago, IL 60636

  • Price: $299,000
  • Status: Active Under Contract
  • On Site: 325 Days
  • Updated: 29 min ago
  • MLS #: 11298860
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1924
Built
Neighborhood:
Chi - Chicago Lawn
County:
Cook
Area:
Chi - Chicago Lawn
Property Description
The Gaynor Building is an excellent Chicago Lawn redevelopment opportunity. The subject property sits at the SEC of the signalized intersection of 63rd St. and Western Ave., it occupies the entire 13,000 sf land site and is presently vacant and ready for redevelopment. An astute developer could consider new retail with offices up, retail with 28 residential units up or, the true visionary, might take advantage of the exposure to 31,600 VPD, demolish the entire building and deliver a much needed QSR/drive-thru solution. B1-2 zoning allows for a variety of uses and the property resides squarely in an Opportunity Zone. Further, because the CTA's #63 (63rd St.) and #49 (Western Ave.) bus stops are at the front door, any future residential play would likely be considered a Transit Oriented Development (TOD) and if you don't think the city could use another 28 units of affordable housing, you don't know this city! Other major area businesses include: Marquette Bank, Jewel, Walgreens, Pep Boys, Chase Bank, Murray Auto and other new strip centers coming online. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence. Please note: The asset is being sold as part of a larger 7 building 58-unit package. Please check under the Additional Information tab. PROPERTIES ARE AVAILABLE INDIVIDUALLY!
Exterior Features

Docks None Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Parking Total 0 Roof Structure Flat

Interior Features

Cooling None Flooring Concrete Heat Ventilation None

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 35595 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Commercial Electric Circuit BreakersService - 201 To 600 Amps Fire Protection Fire Extinguisher/SSmoke Or Fire Protectors Geographic Locale Chicago Southwest Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Location Central Business DistrictCornerPublic Transport Avail Mls Actual Status Contingent Net Operating Income 0 Number Of Tenants 0 Operating Expense 0 Possible Use CommercialOffice And ResearchMulti-FamilyRetail Rental Price 0 Tax Annual Amount 28031 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatTaxesInsuranceScavenger Total Monthly Income 0 Township South Chicago Type Mixed Use Utilities Electric To SiteGas To SiteSanitary SewerWater-Municipal Zoning Commr

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-26T22:57:27.05 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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