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.
Property Details
Price:
$799,900
MLS #:
MRD12580993
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chidunning
Listed Date:
Mar 2, 2026
Total Sq Ft:
4,800
Year Built:
1930
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
HOA Fee Frequency
Not Applicable
Tax Year
2024
Taxes
$32,972
Map
Community
- Address7545 W Addison Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60634
Market Summary
Current real estate data for Commercial in Chicago as of Jun 14, 2026
924
Commercial Listed
185
Avg DOM
$993,435
Avg List Price
Property Summary
- 7545 W Addison Street Chicago IL is a Commercial for sale in Chicago, IL, 60634. It is listed for $799,900
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Copyright 2026. All rights reserved.
7545 W Addison Street
Chicago, IL


