Multi-Family•Low-Rise/Garden•For Sale

648 W. Webster Ave.

648 W. Webster Ave., Chicago, Illinois 60614

Sale Price $1,499,000
Sale Type Owner User
Zoning RM 4.5
Bldg Type Multi-Tenant
Year Built 1885
Year Renovated 2000
Stories 3
Vacancy 100%
Gross Bldg 3,700 SqFt
Land Area .07 Acres
Ceiling Height 9.0 Ft
Project Size 2
Improvements Approximately 25 X 128 sf lot located across the street from Oz Park. This lot is zoned RM-4.5 and while the building is in very good shape, it can be torn down to make way for a new multi-family or single family home. Located in Alderman Michelle Smith's ward and in the Abraham Lincoln Elementary and Lincoln Park High School Districts but also in close proximity to DePaul University, Frances Parker School, Lake Michigan and Downtown Chicago. This is a fantastic location with many possibilities.
Market Chicago's Lincoln Park Neighborhood
Sub-Market Oz Park/Lincoln School District
This offering consists of a well maintained, two unit, owner occupied building located on Webster Ave. at Orchard St., across the street from Oz Park. The first floor apartment is rented on a month to month basis and the second and third floors were converted to the owners unit in approximately 2001. This brick building has all separate utilities and the first floor apartment was renovated approximately three years ago with a new furnace, hot water heater and more. This is a turn key rental property but with tremendous renovation or redevelopment potential. Please call for additional details. This rarely available property located across the street from Oz Park can either be gut renovated and expanded or torn down and started from scratch to build your park side dream home. This beautiful building is located on an approximately 25 X 128 sf lot on Webster Ave. between Larrabee to the east and Halsted to the west. This property lies within the Abraham Lincoln Elementary School District and the Lincoln Park High School District and is also within close proximity to The Francis Parker School, The Latin School, The Catherine Cooke School and even the British School of Chicago. Properties on this stretch of Webster Ave are not often available and this well maintained building provides a rare opportunity to move your family to one of Chicago''s most culturally diverse, architecturally significant and well located neighborhoods on Chicago's near north side.
  • Rarely Available Webster Ave./Oz Park Location
  • Well Maintained Brick Building
  • Owner's Unit on 2nd and 3rd Floors
  • Zoned RM 4.5
  • Lot Size Approximately 25 X 128 = 3,200 sf.
  • Property Can Be Renovated or Re-Developed
11/29/2018 9:15:45 PM 11/29/2018 9:21:13 PM
Matt Scuras
Commercial Broker
Jameson Commercial

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