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1017 W 16th Street Chicago, IL 60608
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,225 sqft
Price per Sqft $153
MLS Listing ID 11639130
Sold Date 06/16/23
Year Built 1917
Annual Tax Amount $13,814
Tax Year 2020
Lot Size 7,840 Sqft
Lot Dimensions 79.67 X 99.50
Property Description
Current ownership had planned to submit for a zoning change to B2-3 with variations to build a 20-units in a 5 story building with parking for 16 cars. Conceptual plans are complete and alderman has shown support for more density in the area. Currently there is a 5,000 SF garage space with a side lot for additional parking, a rare find in East Pilsen. The property can also be utilized for logistics or warehouse with and features 2 drive in doors on 16th Street. Located in the heart of Chicago's Pilsen neighborhood just off the corner of 16th & Miller, the site features unobstructed views of Chicago's skyline. Pilsen is known for its vibrant murals, stunning turn-of-the-century architecture, art galleries, and its rich heritage. It's strategically located and is just blocks to I-90/94, I-55 & I-290. Tenants also have easy access to the Metra Station, CTA Pink Line and Orange Line. Illinois Medical District and UIC are both within walking distance making the site perfect for a redevelopment into apartments or condo's.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Bought with Angelo Labriola • Sperry Van Ness
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