7545 W Addison Street, Chicago, IL 60634 | MLS #12580993 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12580993MLS Provider

7545 W Addison StreetChicago, IL 60634

Commercial · 4,800 Sq. ft.
$799,900 Active

7545 W Addison Street Overview

Time on Site:
119 days
Visits:
0

Prime Investment Opportunity in the Highly Sought-After Dunning Neighborhood Exceptional redevelopment or income-generating opportunity in the desirable Dunning area. This 3-storefront commercial property (7545-7551 Addison Street) offers multiple strategic options for investors and developers alike. Option 1 - Immediate Rental Income: Continue operating as a fully leased retail investment property with three storefronts generating steady rental income. Option 2 - Redevelopment Potential: The property has been rezoned to B2-3, allowing for the development of 17+ residential units, with the potential for rear parking. Ideal for luxury condominiums or a high-end apartment building. Property Highlights: Total lot size: 90 x 125 (11,250 sq ft) Three existing storefronts Rear parking potential Strong redevelopment upside Located in the highly sought-after Dunning neighborhood This is a rare opportunity to acquire a sizable lot with flexible zoning in a thriving area. Contact the listing agent for additional information.

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7545 W Addison Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,800
  • Price/Sq.ft. $167

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 72000

Building Information

  • Year Built: 1930

Business Information

  • Business Type: Retail
  • Current Use: Medical/Dental

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Dunning
  • Township: Jefferson

Tax Information

  • Tax Annual Amount: $32,972.00
  • Tax Year: 2024

General Information

  • Parcel Number: 12244000390000
  • Property Type: Commercial Sale
  • Zoning: RTAIL

Interior

Building Interior

  • Building Area Total: 4800

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 1600
  • Stories: 3

Unit Information

  • Unit SqFt.: 1600

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 90x125
  • Lot Size Square Feet: 11250

Building Exterior/Construction

  • Construction Materials: Brick

7545 W Addison Street Neighborhood

Community

60634 (Chicago) Demographics

41
Median Age
10,615
Population Density (per sq. mile)
33%
College Educated
$72,507
Estimated Median Income
19,351
Estimated Total Home Owners
7,327
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7545 W Addison Street Monthly Cost

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Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7545 W Addison Street Market Data

Based on the last 30 days in this zip code

$473,159
Average List Price
$281
Average Price per Square Foot
45
Properties Sold
36
Average Days on Market
125
Properties for Sale
Calculations provided by Reliance Network

7545 W Addison Street History

Date Event Value Agent
3/7/2026Source: MRED Status Change
Active
3/2/2026Source: MRED Added to Database
March 02, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022
2/7/2022Source: MRED Status Change
Rented