2709 N Austin Avenue, Chicago, IL

About 2709 N Austin Avenue

Finding any storefront space on such a busy corner of Belmont Cragin is rare, but one with 33 feet of frontage elevates this property to unicorn status. In a neighborhood where rents climbed 15% last year, steps from Austin and Diversey, two CTA bus lines at the door and roughly 13,000 vehicles passing daily - sitting above three apartments with unlimited potential. Exceptional short and long-term upside for the investor running the value-add play or taking the flip. Particularly well-suited for the business owner ready to put their operation in the storefront and let the rents carry the mortgage - a live/work setup that rarely comes together this cleanly. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential.

Listing Map