$1,800,000

616-618 West Patterson Avenue, located in the Lakeview neighborhood of Chicago, Illinois. The subject property contains six parcels, one of which is a duplex unit. There is also an additional janitor's unit in the garden unit. There are five three- bedroom units, one two-bedroom unit, and the duplex apartment has fivebedrooms. The zoning is RM-5 which provides a FAR of 2x and would permit the development of up to 15 residential units. Alternatively, significant upside could be realized through the modernization of the existing units. The subject property has an excellent Lakeview location directly off NorthBroadway, and less than a block from Halsted. The subject propertyis a two-minute walk to Chicago Transit Authority's (CTA) 36 bus stop,and a five-minute walk to CTA's 152 and 8 bus stops. This area hasan incredibly high foot traffic due to major retail tenants along withneighborhood bars and restaurants.