7545 W Addison Street, Chicago, IL 60634

• 4,800 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 4, 2026 at 1:18AM

Listing Office:

@properties Christie's International Real Estate : 847-910-5551

Listing Agent:

Peter DeFilippis : 847-910-5551

MLS ID:

12580993

Interior

• A/C: Central Air

Location

• HOA Amenities: Not Applicable
• Originating MLS: mred
• County: Cook

Lot

• Zoning: RTAIL12244000390000
• Current Use: Medical/Dental

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred