3710 n kenmore ave, chicago, il 60613 · rooftop bleachers, called special rooftops clubhouses that...

8
FOR SALE *Development Opportunity Adjacent to Wrigley Field* Direct View of Home Plate (approx. 536 ft. away) down 3 rd Base Line 3710 N Kenmore Ave, Chicago, IL 60613 New Price: $8,000,000 Original List Price: 9,800,000 18.37% Price Reduction Building Size: 980 SF (Teardown) Lot Size: 2,000 SF Year Built: 1886 APN: 14-20-218-047 Zoning: RT-4/RM-5 Perfect for redevelopment to a 3+ unit townhome, or MF building w/ rooftop seating or advertising. (Air Rights are w/ the property! ) Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence. Mark Reynolds CA BRE # 01939591 Office: 424-293-8085 Cell: 214-938-9875 [email protected] Apex Properties is pleased to present the opportunity to purchase this extremely rare and highly coveted lot of land which is located adjacent to the world renowned Wrigley Field, home of the 2016 World Series Champions Chicago Cubs. The property is a 2,000 sq. ft. dual zoned lot of land, with a 2-story house which has 3 bedrooms and a basement (the house is a tear-down). The house was built back in 1886, when the street was formerly named Osgood Ave. The surrounding area is now built up with apartment buildings and townhomes, which have rooftop seating for fans to be able to watch the games, concerts, and other events which take place at Wrigley Field, without having to go into the stadium. You can see from the pictures that this property has a clear view of Home Plate from right down the 3rd Base Line. Home Plate is just approximately 536 feet away, potentially making this another valuable fan experience. The highest-and- best use might include rooftop advertising (possibly digital billboards as air rights are with property) or special club license. Presented By: HUGE PRICE REDUCTION MOTIVATED SELLER

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Page 1: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

FOR

SALE *Development Opportunity Adjacent to Wrigley Field*

Direct View of Home Plate (approx. 536 ft. away) down 3rd Base Line

3710 N Kenmore Ave, Chicago, IL 60613

New Price: $8,000,000 Original List Price: 9,800,000

18.37% Price Reduction

Building Size: 980 SF (Teardown)

Lot Size: 2,000 SF

Year Built: 1886

APN: 14-20-218-047

Zoning: RT-4/RM-5

Perfect for redevelopment to a

3+ unit townhome, or MF building

w/ rooftop seating or advertising.

(Air Rights are w/ the property!)

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

Apex Properties is pleased to present the opportunity to purchase this

extremely rare and highly coveted lot of land which is located adjacent to the

world renowned Wrigley Field, home of the 2016 World Series Champions

Chicago Cubs.

The property is a 2,000 sq. ft. dual zoned lot of land, with a 2-story house

which has 3 bedrooms and a basement (the house is a tear-down). The house was

built back in 1886, when the street was formerly named Osgood Ave. The

surrounding area is now built up with apartment buildings and townhomes, which

have rooftop seating for fans to be able to watch the games, concerts, and other

events which take place at Wrigley Field, without having to go into the stadium.

You can see from the pictures that this property has a clear view of Home Plate

from right down the 3rd Base Line. Home Plate is just approximately 536 feet

away, potentially making this another valuable fan experience. The highest-and-

best use might include rooftop advertising (possibly digital billboards as air

rights are with property) or special club license.

Presented By:

HUGE PRICE

REDUCTION

MOTIVATED

SELLER

Page 2: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Property Location:

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

3710 N Kenmore Ave is located at the corner

of Kenmore Ave and the Alley which runs

parallel to Waveland Ave. It is within the

Wrigley Field Adjacent Area, and is the 1st of

5 Boundary Line Buildings which establish and

define the special Wrigley Field Adjacent

Area.

Page 3: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

“Wrigley Field Adjacent Area”:

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

"Wrigley Field Adjacent Area" has

Rooftop Bleachers, called special Rooftops

clubhouses that include the third floor. You

must be in the "Wrigley Field Adjacent

Area" to build a rooftop clubhouse for

viewing purposes. Proprietors are able to

do so under all laws that have been

passed by the City of Chicago.

3710 N Kenmore Ave is

the 1st of 5 boundary

line buildings that

Establishes and Defines

the “Wrigley Field

Adjacent Area.”

Page 4: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Future Possibilities:

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

The are numerous potential directions to which this site could be taken. The current

zoning, RT-4, allows for redevelopment to a multi-unit townhome, with a minimum of 3

units. An investor could then add rooftop bleachers, rooftop signage, or other creative

ideas, to increase profitability and visibility, as Air Rights are with the property.

Another great development would be to turn it into a “special club”, where high-end

clients could go before and after the game to associate and mingle, instead of having to

go to a public bar.

Alternatively, one could also turn this into the ultimate fan experience by offering a way

to go to see the game, without the hassle of entering the park. Rooftop seats with a

lounge/bar inside would do very well, especially with the lack of such facilities in the

area surrounding the park.

The site could also easily be turned into a Bed & Breakfast, since the area and ballpark

are now becoming year-round destinations. This could be done quite easily and with

little capital, compared to other larger scale developments.

Page 5: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Year Round Destination

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

According to multiple sources, including the link

below, beyond MLB, Wrigley Field will be

hosting many other events including College

Football, Concerts, Hockey, and possibly many

more, making this a definite year round

destination for fans and tourists.

https://www.dnainfo.com/chicago/20170105

/wrigleyville/wrigley-field-college-football-

northwestern-bowl-game-cubs

Page 6: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Cubs’ Vision (Chicago Tribune, 2013):

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]

Great Visibility!

Endless Possibilities!

Signage potential is Huge!

Page 7: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Nearby Developments:

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

The Park at Wrigley offers a beautiful open-air destination for farmers markets, community events, festivals, dining

and much more. The Park at Wrigley serves as Wrigleyville’s town square — a year-round gathering place for

neighbors, families, fans and visitors.

Hotel Zachary will be a new boutique lifestyle hotel slated to open in early 2018. It will be a 7-story, 238,000 SF

project, with 175 guest rooms, featuring a McDonald’s, a Wintrust Bank, and two more high-profile restaurants.

Addison & Clark will bring new apartments, commercial space, and parking to the Lakeview residents. This project

will feature 148 apartment units, approximately 146,000 SF of commercial space and 405 indoor parking spaces.

See the link below for updates on recent development and openings:

https://chicago.curbed.com/neighborhood/322/wrigleyville

Page 8: 3710 N Kenmore Ave, Chicago, IL 60613 · Rooftop Bleachers, called special Rooftops clubhouses that include the third floor. You must be in the "Wrigley Field Adjacent Area" to build

3710 N Kenmore Ave, Chicago, IL 60613

APN: 14-20-218-047

Additional Images:

Although taken from sources deemed to be reliable, the information contained herein is neither warranted nor guaranteed

by Mark Reynolds or Apex Properties. Buyer to verify all information and conduct their own due diligence.

Mark Reynolds

CA BRE # 01939591

Office: 424-293-8085

Cell: 214-938-9875

[email protected]