Chicago IL Commercial for Sale
$798,000
1521 E 67th Place Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1915
- Baths:
- MLS#:
- 12216590
View additional info
Courtesy: Taty Management LLC
773-771-6415
ADDITIONAL INFORMATION
The property features six (5) two-bedroom / one-bathroom units and (1) one-bedroom/ one-bathroom. The building was totally gut rehabbed 2 years ago. Everything new from roof to basement. All inspections done and certificate of occupancy available. Highlights: Brick building, Large floor plans, metal porches, parking spaces, in building washer and dryer. Fully rented.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1913
- Baths:
- MLS#:
- 12216896
View additional info
Courtesy: Exit Strategy Realty / EMA Management
312-767-0572
ADDITIONAL INFORMATION
Are you looking for a cash flow deal? This property has long term tenants and has terrific cash flow. The buiding is in good vintage condition, with a high quality management team that has kept up with maintenance. Clean and secure. Coin op laundryroom downstairs. Long term tenants in place. Low expenses and low maintenance.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- 12214684
View additional info
Courtesy: HomeSmart Realty Group
708-320-0002
ADDITIONAL INFORMATION
ASSESSOR HAS REDUCED ASSESSED VALUE BY APPROXIMATELY 32% FOR THE 2024 TAX YEAR! 6506-6508 S. Ellis Avenue is a rarely available, beautiful condo building with 6 individual condominiums being sold together as a package. Located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. All units are currently being rented out. Building underwent major renovation in approximately 2012 (Newer framing, newer copper plumbing, newer electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood floors in 5 of the 6 units. There are four (4) 2 bedroom, 1 bath units (located on the second and third floors), and two (2) 4 bedroom, 3 bath units on the first floor that are condo units that UTILIZE THE FIRST FLOOR AND THE LOWER LEVEL! FLOOR PLANS AVAILABLE FROM LISTING AGENT! Each unit has in-unit laundry, a dishwasher, and one (1) parking space per unit in the rear of the building. Units also have their own furnaces and TENANTS responsible for their own heat and electric. Water is not individually metered. Gated access to the building. Fenced-in yard space in the rear. Tenants also have access to a newer balcony in the rear of each unit. Common areas also remodeled. Because this neighborhood is being sought-after, two single family homes directly across the street (6501 & 6503 S. Ellis Avenue) from this building have sold for $739,000!!! And more to come with New Construction being built all around! Much more value to add to this building by stabilizing rents to current market value! Owner is in the process of consolidating PINs. Higher Rents and Less Expenses will equal higher income!!! Email listing agent for any questions.
$499,000
400 E 69th Street Chicago, IL 60637
- Type:
- Other
- Sq.Ft.:
- 10,508
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1907
- Baths:
- MLS#:
- 12183675
View additional info
Courtesy: eXp Realty, LLC
888-574-9405
ADDITIONAL INFORMATION
Excellent investment opportunity in the Greater Grand Crossing / Park Manor area. Mixed Residential and Commercial building consisting of 3 Commercial spaces and 7 residential units. The residential unit mix is (2) 3 bedroom units and (5) 2 bedroom units. The commercial unit mix is currently an occupied church, occupied restaurant and an occupied not for profit organization. The church has been there for 5 years and is considered a building hub and staple to the community. There are 6 residential units fully occupied and 1 unit recently renovated and soon to be occupied. There are individual furnaces (7 yrs old), water heaters and electrical panels for all commercial and residential units and 3 AC units for the commercial spaces. The roof was re-coated 3 years ago and the porches and electrical were upgraded to City of Chicago building code 3 years ago The building has 3 separate PIN numbers and is currently cash flowing with potential growth. There is an 18,070 square foot lot adjacent to the building that can be negotiated and included in this deal. Awesome investment for the seasoned investor looking to grow their portfolio.
$2,250,000
6555 S King Drive Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1908
- Baths:
- MLS#:
- 12125622
View additional info
Courtesy: Pearson Realty Group
773-325-2800
ADDITIONAL INFORMATION
Take this opportunity to own a solid brick, 24 unit walk-up apartment building with a very desirable unit mix of all 2bed/1bath units. This property is located in the W. Woodlawn area, and was gutted down to the bricks and completely renovated just a few years ago. In addition to a new roof, new copper plumbing, new electrical, and new gas lines for the building, every unit was rehabbed with hardwood floors, new walls, new kitchens and bathrooms, new windows, in- unit circuit breakers, and individual gas forced air furnaces. There are four separate entrances - one on S. King Drive and the other three on 66th St. - and each one has exposed brick walls and a skylight that floods each entrance and stairway with an abundance of natural light. There are four separate basement entrances accessible through the rear courtyard, and one of these basements has a laundry area with 2 washers and 2 dryers available for tenant use. The Woodlawn area has seen tremendous change over the past few years, with the soon to be completed Obama Presidential Library (2 miles east of this property) driving change in E. Woodlawn, and other developments bringing change to the rest of the community. Just across 66th street from the 3 entrances to this property, the Rev. Corey Brooks and his Project H.O.O.D. are building the new 85,000 sq. ft. Robert R. McCormick Leadership and Economic Opportunity Center. This new community center will teach trades, entrepreneurship, music, and arts. It will also house a swimming pool and have other athletic facilities. There is easily accessible public transportation serving this area, with the CTA green line (light rail line) stop located 2 blocks north of the property and the CTA #3 bus line running north and south down King Drive - with a stop just outside the 6553 entrance to the building.
$1,650,000
6557 S Minerva Avenue Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1903
- Baths:
- MLS#:
- 12170537
View additional info
Courtesy: 33 Realty
773-327-4975
ADDITIONAL INFORMATION
We are pleased to present for sale 6557 S Minerva, a three-story 10-unit apartment building located in the East Woodlawn neighborhood of Chicago. The property is located ~six blocks west of the Jackson Park Golf Course and ~5 blocks south of The University of Chicago, in immediate proximity to the future Obama Presidential Library. The property experienced a complete gut rehab in 2004 deconverting unit count from 12 to 10 for multi-floor, condo-quality residences. The unit makeup is: five (5) 3 Bed/2 Bath & five (5) 2 Bed/2 Bath. All units feature hardwood flooring and tile throughout and modern kitchen features: granite countertops, modern cabinets, updated appliances, and dishwashers. The property also features copper plumbing, in-unit updated electric boxes, in-unit laundry facilities, and individual in-unit hot water tanks. From an economic perspective, the property features residents with below-market rental rates that allows a future operator to benefit from the opportunity to bring leases to market rental rates in a location that benefits from long-term economic improvement investment stability.
- Type:
- General Commercial
- Sq.Ft.:
- 7,080
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1908
- Baths:
- MLS#:
- 12167801
View additional info
Courtesy: Delta Realty, Corp.
773-284-2020
ADDITIONAL INFORMATION
Nice 6 unit Building. Individual Furnaces in each unit. Laundry in Basement. 5 units are 2 bedrooms. 1 unit is three bedrooms. Formal dining room in the units.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1927
- Baths:
- MLS#:
- 12143529
View additional info
Courtesy: JMAR Realty Group
800-883-0970
ADDITIONAL INFORMATION
Your opportunity to own a well maintained 6-unit building located in the Greater Grand Crossing neighborhood of Chicago. Minutes away from I-94 Express and Chicago Red Line train station and various CTA Bus stops, which provide the tenant quick access to Chicago Downtown Loop area. The building feature hardwood floors, wrought iron fence, gas boiler less than 10 years old, new roof done in 2024, porch 2 years old, water heater less than 8 years old. The building consists of (3)-2b/1ba and (3)1b/1ba units, additionally, a garden apartment in the basement and a three (3) car brick garage and laundry area in basement. Units on the first and second floors are tenant occupied, third floor units are presently occupied by the owner but could be rented out for potential income. This building will provide investors with a strong cash flow sitting in one of Greater Grand Crossing best pocket areas in Chicago.
$2,480,000
5957 S Indiana Avenue Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1913
- Baths:
- MLS#:
- 12162009
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Pleased to present a multifamily property located at 5957 S. Indiana Ave in the vibrant Washington Park neighborhood of Chicago. This 31-unit building is strategically positioned to capitalize on the strong rental market in the area, offering an attractive opportunity for investors. Current Purchase Price: 2,480,000 Current Cap Rate: 7.58 Pro Forma Cap Rate (6-12 months): 11.02 Pro Forma Cap Rate (12-18 months): 12.07 Value-Add Opportunity: The property presents a compelling value-add opportunity through rent increases to market levels. Current ownership has already implemented rental increases across 35percent of the units, with an additional 23percent scheduled for increases between May and September 2024. This strategy is expected to drive the overall cash-on-cash return from the current 9.73 to 20.83 within the next 6-12 months, and up to 23.87 in the next 12-18 months. Regulatory Agreement: The property is subject to a regulatory agreement that will run until 2030, requiring an investor to rent 29 of the 31 units to tenants with incomes no more than 60percent of the area median income, at rent levels restricted to those income limits. No Major Capital Expenditures Needed: The property is well-maintained, and no major capital expenditures are required, allowing new ownership to focus on rent optimization and revenue growth. Financing Advantage: Investors can benefit from a 2-year interest-only multifamily loan, providing financial flexibility to maximize returns during the rent increase phase. Unit Mix: 3 Bedroom - 1 Bathroom: 8 Units 2 Bedroom - 1 Bathroom: 18 Units 1 Bedroom - 1 Bathroom: 5 Units The property is located in the Washington Park neighborhood, a thriving area with easy access to public transportation, parks, educational institutions, and a wide range of retail and dining options. This prime location enhances the property's attractiveness to a diverse tenant base, including small families, professionals, and singles.
- Type:
- Business Opportunities
- Sq.Ft.:
- 29,940
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12151349
View additional info
Courtesy: Compass
773-466-7150
ADDITIONAL INFORMATION
**Welcome to 7001 S South Chicago Avenue, Chicago, IL** Experience the potential of 7001 S South Chicago Avenue, a sophisticated property currently housing Medley's Moving & Storage. Spanning an impressive 27,700 square feet on a 22,500-square-foot lot, this site is primed for diverse business opportunities. The two-story office building exudes professionalism with thirteen private offices, a dedicated conference room, and a fully equipped kitchen, ensuring a productive and comfortable work environment. The secure, climate-controlled warehouse is designed to meet a variety of storage needs, featuring over 150 units suitable for residential, business, or commercial use. Two well-placed loading docks facilitate seamless logistics, making operations efficient and hassle-free. With a history of steady occupancy, this meticulously maintained facility stands as a solid investment opportunity. Whether you're expanding your enterprise or seeking a reliable property investment, 7001 S South Chicago Avenue offers an unmatched blend of elegance and practicality. Don't miss the opportunity to explore this exceptional property. Contact us today to arrange a visit and discover the possibilities that await at this premier Chicago address.
- Type:
- General Commercial
- Sq.Ft.:
- 9,873
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1884
- Baths:
- MLS#:
- 12110892
View additional info
Courtesy: City & Suburbs Realty, Inc.
312-282-3017
ADDITIONAL INFORMATION
6360-6362 South Greenwood Ave., is a rarely available and highly desired six (6) unit building, with center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located minutes away from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. This solid building is comprised of three (3) Bedrooms with two baths and three (3) 3 Bedrooms with 1.5 bath units. All units feature incredibly spacious layouts and with the 2nd & 3rd floor units include sunrooms. Building features updated boiler and hot water heater 2022), newer porches (2015). This is a great opportunity for an investor to acquire a highly desirable building in one of Chicago's best neighborhoods. . However, with most of the building's current rents are below current market levels, there is a tremendous amount of value to be added solely by stabilizing rents to area standards.
$300,000
6214 S King Drive Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1911
- Baths:
- MLS#:
- 12137954
View additional info
Courtesy: EXIT Strategy Realty
312-554-5478
ADDITIONAL INFORMATION
LARGE SIX FLAT BRICK RESIDENTIAL BUILDING - BACK PORCH IS NEWER - CALLING ALL MULTI UNIT/COMMERCIAL INVESTORS - RENTALS ARE ON THE RISE - THIS IS THE TIME TO SEIZE THE MOMENT IN OPPORTUNITY CLOSE TO UNIVERSITY OF CHICAGO. NEAR GRAND BLVD, HYDE PARK, KENWOOD, LOCATED IN WEST WOODLAWN AREA. BUYER PAYS FOR SURVEY - PROPERTY SOLD IN "AS IS" CONDITION - CASH ONLY - NO DISCLOSURES PROVIDED
- Type:
- Other
- Sq.Ft.:
- 1,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12130681
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Discover the potential of this versatile commercial property, ideally situated in a high-traffic area. Formerly a successful catering kitchen and restaurant, this space is perfect for entrepreneurial ventures. The sale includes restaurant equipment, offering a turnkey opportunity for innovative visionaries to bring their business ideas to life. The property boasts excellent accessibility, being conveniently located near the Green Line and Dan Ryan Expressway. Additionally, the imminent arrival of the Obama Library promises significant growth and development in the surrounding area, enhancing the property's investment value. Property sold AS-IS.
$550,000
5930 S King Drive Chicago, IL 60637
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1894
- Baths:
- MLS#:
- 12104989
View additional info
Courtesy: @properties Christie's International Real Estate
312-254-0200
ADDITIONAL INFORMATION
RM5 Zoning - Prime development opportunity in the one of the most up and coming areas in the city. Lot size is 42.5 x 177.25 that features a main (front) building (8,000 sf) and a live/work coach-house (1700 sf). Architectural plans and renderings available for 6 units with its current layout. Opportunity and potential for a bigger development also possible. Make your appointment today to check out this RARE opportunity.
$190,000
724 E 67th Street Chicago, IL 60637
- Type:
- Other
- Sq.Ft.:
- 1,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1976
- Baths:
- MLS#:
- 12120310
View additional info
Courtesy: Coldwell Banker Realty
773-451-1200
ADDITIONAL INFORMATION
Explore this prominent brick-corner commercial space located in the bustling Woodlawn neighborhood. This property is in a prime area and an adaptable space ideal for businesses looking to capitalize on high auto traffic. The open layout provides a blank canvas for investors to unleash their creativity, add personalized finishing touches, and start generating income.
$800,000
222 E 61st Street Chicago, IL 60637
- Type:
- Other
- Sq.Ft.:
- 18,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12101662
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Pleased to present the retail property at 222 E. 61st St.. This asset represents a compelling investment opportunity in a vibrant community. Discover this exceptional commercial property located in a coveted B3-2 zoning district, currently operating as a Day Care Center and After-SCHOOL facility. This property offers a blend of modern amenities and strategic location, making it a highly attractive investment opportunity. Key Features Zoning: B3-2 Current Use: Day Care Center and After-SCHOOL Facility Tenant Lease: The day care tenant signed a 3-year lease in March of 2023 at $10,000 monthly. Facilities: Newly remodeled day care center on the first floor and a second floor utilized for after-school programs. Accessibility: Conveniently located near the Green Line and Dan Ryan Expressway, providing excellent transportation options. Nearby Developments: Proximity to the future Obama Presidential Library, adding to the potential growth and value appreciation. Maintenance: The property is meticulously maintained, ensuring a hassle-free investment experience. Neighborhood: Situated in a revitalizing neighborhood, enhancing the long-term investment prospects. Investment Potential This commercial property presents a compelling investment opportunity with multiple attractive features: Stable Income: The day care tenant's 3-year lease guarantees a steady annual income of $10,000. Strategic Location: The property's proximity to major transportation routes and the future Obama Presidential Library enhances its desirability and potential for appreciation. Modern Facilities: Recent renovations and dedicated spaces for day care and after-school programs increase the property's usability and attractiveness to tenants. Revitalizing Neighborhood: Located in an area undergoing revitalization, the property is positioned for long-term growth and increased value. Financial Highlights Annual Lease Income: $10,000 Lease Term: 3 years (started March 2023) Purchase Price: $800,000 Seller Financing: Available with a minimum 30% down payment of the purchase price at a 7.00% interest rate. Zoning District: B3-2 Seller Financing Details Minimum Down Payment: 30% of the Purchase Price Interest Rate: 7.00% Amortization: 360 Months Interest Only Period: 2 Years Balloon Due In: 5 Years This commercial property, sold as-is, offers a unique blend of modern amenities, stable income, and strategic location. With the added benefit of being situated near significant future developments, it stands as a promising investment opportunity in a revitalizing neighborhood. The availability of seller financing with a competitive interest rate further enhances its appeal. Don't miss out on this chance to invest in a property with substantial growth potential and immediate income generation.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 12055217
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
CASH OFFERS WITH PROOF OF FUNDS ONLY. NO HARD MONEY LENDERS. BEAUTIFUL 8 UNITS BUILDING IN NEED OF REHAB (THERE WAS MINOR FIRE DAMAGE ON FRONT STAIRCASE). IT SITS ON A HUGE LOT WITH SIDE DRIVE AND VERY NICE STREET. GARDEN UNIT WITH 2 BEDROOMS, 1 BATH; FIRST FLOOR WITH 4 BEDROOMS AND 2 BATHS; SECOND AND THIRD FLOORS WITH THREE 1 BEDROOM AND 1 BATH UNITS. 9 ELECTRICAL METERS, 8 GAS METERS. PLENTY OF PARKING SPACE WITH POSSIBLE 8 PARKING SPOTS. SOLD AS IS WHERE IS. ALL UTILITIES ARE TURNED OFF EXCEPT WATER AND SELLER WILL NOT BE TURNING THEM ON. SHOWINGS DURING DAYLIGHT ONLY. ACT NOW!
- Type:
- General Commercial
- Sq.Ft.:
- 7,040
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1943
- Baths:
- MLS#:
- 12044067
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Welcome to WOODLAWN! This 8-unit building in Chicago's highly desirable Woodlawn neighborhood is just what you've been waiting for! 7 units feature 2 bedrooms/1 bathroom and an additional space suitable for an office or an extra bedroom. The 8th unit is a basement studio. This is a value-add opportunity where the two vacant units can be updated and offer rented immediately to increase cashflow. This property combines modern comfort with investment potential in a vibrant community. This property is a no brainer investment. Schedule your showing today!
- Type:
- Other
- Sq.Ft.:
- 167,400
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1928
- Baths:
- MLS#:
- 11943459
View additional info
Courtesy: Premier Chicago Real Estate
312-722-6572
ADDITIONAL INFORMATION
We're please to present this rare opportunity to acquire this 160,000+ sqft Industrial Building previously used as a substation for a large electricity provider. Serious and qualified buyers ONLY. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. Property being sold AS-IS, 100% Tax prorations. Please do your own due diligence prior to offer submission. Proof of funds required with all offer applications.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1920
- Baths:
- MLS#:
- 11812675
View additional info
Courtesy: Charles Rutenberg Realty of IL
630-929-1100
ADDITIONAL INFORMATION
Vintage 1920's 8 unit apartment building in the South Side's emerging Woodlawn quadrant. All units have generous room sizes, nine foot ceilings, oroginal restored hardwood floors. All eight units have separate gfa furnaces and hot water tanks. The apartment mix consists of A: 5, 4 bedroom, 1 bath units, B. 1, 3 bedroom, 1 bath unit; C. 1 1 bedroom, 1 bath unit; D. 1 studio unit. All units are leased. Cap rate on property is 8.7 Note the spacious lot dimensions. Property has a large gated rear yard for tenant enjoyment . some parking off the alley
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Chicago Real Estate
The median home value in Chicago, IL is $284,100. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Chicago, IL is $284,100. Approximately 40.54% of Chicago homes are owned, compared to 48.29% rented, while 11.17% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60637 has a population of 2,742,119. Chicago 60637 is less family-centric than the surrounding county with 24.86% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Chicago, Illinois 60637 is $65,781. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Chicago 60637 is 35.1 years.
Chicago Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 38.2 inches per year, with 35.1 inches of snow per year.