6301 South WESTERN AvenueChicago, IL 60636Price: $299,900

  • Price: $299,900
  • 173 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 35,595Square Feet
  • 1924Year Built

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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: This property is being sold as part of a 5 building, 26-unit package. Please see the offering under the Additional Information tab.

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Listed by Scott Siegel of SRFG,Inc

Based on information submitted to MRED  as of October 18, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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