2336 Roosevelt RdChicago, IL 60608

Property Details for 2336 Roosevelt Rd

Year built

1979

Lot size

0.12 AC

Property type

Commercial real estate

APN

17-18-335-028

APU

1718335028

Description

This exceptional 0.31-acre mixed-use property, located at 2336-2346 W. Roosevelt Road in Chicago, IL (zip code 60608), presents a compelling investment opportunity. The property boasts a prime location bordering the Illinois Medical District (IMD), a thriving hub with four major hospitals, two medical universities, and over 40 healthcare facilities. The IMD's significant economic impact is undeniable, boasting over 29,000 employees, 50,000 daily visitors, and generating $2.4 billion annually. This high-traffic area sees approximately 44,800 vehicles per day at the nearby intersection of Western and Roosevelt Roads. The property's C1-2 zoning allows for a diverse range of uses, including residential, mixed-use developments, retail spaces, and office buildings, providing significant flexibility for future development. The asking price for this strategically located land is $999,000. This presents a unique chance to capitalize on the IMD's growth and the high volume of daily traffic in this bustling Chicago neighborhood. The Cook County location offers further advantages for investors seeking a strong return on investment in a dynamic and expanding urban area.

• Alternative Use

  Use

  Valuation

  Residential

  $1,986,372

  Hospitality

  $1,819,506

  Educational

  $1,513,808

  Medical

  $1,565,870

  Retail

  $2,354,812

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8669

Longitude

-87.6851

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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