MLS #MRD12580993 image #0
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
Chi – DunningChidunning

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
3

Financial

HOA Fee Frequency
Not Applicable
Net Operating Income
$72,000
Tax Year
2024
Taxes
$32,972

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Brandi Kunkel was born and raised in rural Spring Valley. Her husband, Brad, is a lifelong resident of Seatonville. Brandi enjoys spending time with her family, her dog Chelly, and her 6 Guinea Pigs. Brandi loves meeting new people and being able to serve both new and old friends. “What drew me to real estate is the investigative work of determining the needs of my client, researching properties, and presenting them with the options that check their boxes. I love being able to take away the f…

More About Brandi
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