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Listed by Kenneth Dooleyof Compass
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Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12701763
Lot Dimensions 39 x 109
Property Sub-Type Multi Family 5+
Property Description
Fabulous value-add opportunity for this current mixed-use property just South of 18th Street in prime Pilsen location. 1901 S Loomis is an All-Brick building built lot line to lot line on a 39 x 109 Corner lot with 10 units. Each of the 4 floors are expansive and feature tall ceilings which offer loft like living and an abundance of natural light. In addition to 1901 S Loomis, 1905 S Loomis (gutted brick structure 25 x 109 lot) and 1907 S Loomis (vacant 25 x 109 lot) are also available and priced separately but to be sold as a package with 1901 S Loomis. Potential for a combined 89 feet of frontage and 109 feet deep. All 3 lots are Zoned RT-4. Take advantage of the current 1901 S Loomis corner structure and rehab into Residential Units (with stunning rooftop skyline views of downtown) and Redevelop 1905 & 1907 S Loomis as New Construction. Alley access to the rear of each property. The main floor of 1901 S Loomis consists of a welcoming, spacious bar and lounge area, large event space, additional back room bar, commercial grade kitchen and restrooms with additional residential units to the rear. The second and third floors consist of residential units prime for reconfiguration and redevelopment. To top it off, the 4th floor is an open expansive space with unobstructed views of the nearby downtown skyline with an internal staircase to the rooftop with iconic views of the city and surrounding neighborhoods. Enjoy everything Pilsen has to offer right outside your door, just steps from some of the best dining, nightlife, boutiques, coffee shops and an array of grocery stores. The best of city living in a lively vibrant neighborhood. Conveniently located just steps from the 18th Street Pink Line, Metra, Ashland & 18th Street buses to downtown and easy access to I-55. This property offers unparalleled accessibility.
Location
State IL
County Cook
Zoning MULTI
Interior
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Block, Brick/Mortar, Stone, Other
Structure Type Brick
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