Chicago IL Commercial for Sale
- Type:
- General Commercial
- Sq.Ft.:
- 7,254
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1911
- Baths:
- MLS#:
- 12159408
View additional info
Courtesy: Baird & Warner
630-964-1855
ADDITIONAL INFORMATION
This is an outstanding investment opportunity: Already Cash Flowing, it is looking for its next investor, an all-brick 6-unit building nestled in Chicago's vibrant South Shore neighborhood. Positioned on a corner lot, this property basks in natural light and boasts proximity to key attractions like Tiger Woods Golf Course, Rainbow Beach, and convenient transportation hubs. With easy access to CTA bus lines and two Metra-train stations, attracting tenants is a breeze. Additionally, the property features an attached brick 3-car garage, adding value and convenience. What sets this investment apart is its rental income and positive cash flow, ensuring a steady return on your investment. Don't miss out on this chance to capitalize on the flourishing real estate market in one of Chicago's most sought-after areas.
$275,000
2445 E 79th Street Chicago, IL 60649
- Type:
- Other
- Sq.Ft.:
- 8,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12157605
View additional info
Courtesy: Blue Door Dave Inc
312-344-1487
ADDITIONAL INFORMATION
Terra Cotta yellow brick building looking for owner/user or investor! Large brick garage 750 to 1000 sq ft. High ceilings! 8 one-bedroom apartments and 3 stores. Property is a total gut! Plans for a living facility. Contact List Agent For More Details.
- Type:
- General Commercial
- Sq.Ft.:
- 7,734
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1931
- Baths:
- MLS#:
- 12126121
View additional info
Courtesy: Select a Fee RE System
312-421-1000
ADDITIONAL INFORMATION
Great opportunity for the right investor. This South Shore 6 unit with five 3 bedroom with 1 1/2 baths 1300 square feet. Property has been damaged from a fire on the 3rd floor. New roof to be installed in the next 6 weeks. 3rd floor unit will have to be a gut rehab. 2nd floor unit has damage from water coming from 3rd floor into building. 5 Car Garage, Property being sold "as-is". 1 units occupied. Located close to Obama Library, Jackson Park, lakefront, golf course, Metra/CTA and more.
- Type:
- General Commercial
- Sq.Ft.:
- 10,758
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 12145457
View additional info
Courtesy: Coldwell Banker Realty
773-451-1200
ADDITIONAL INFORMATION
Discover a rare investment opportunity with this well-maintained 6-unit building, with the potential to generate an annual income of $100,000 and beyond. Each spacious unit features 2 bedrooms and 1 bath, thoughtfully designed with separate dining and living spaces, both offering access to a front sunroom that floods the space with natural light. Down the hallway, you'll find generously sized bedrooms, each with access to a second sunroom, providing additional living space and flexibility. This thoughtfully-designed layout also offers the potential for a 3rd bedroom, maximizing rental income possibilities. The basement presents an exciting opportunity for expansion, with ample space to build out two additional units, significantly increasing the potential for rental income. The units are equipped with individual heating systems, which can reduce costs for the owner. Gleaming hardwood floors run throughout, adding a touch of elegance and durability. The building's water heater, windows, and rear porches have been recently updated, enhancing efficiency and reducing maintenance concerns. Additionally, the property features garage parking in the rear with six dedicated spaces, providing yet another opportunity to generate additional income. Whether you're looking to expand your investment portfolio or seek an owner-occupant scenario with rental income, this income-generating gem is not to be missed!
- Type:
- General Commercial
- Sq.Ft.:
- 8,784
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1918
- Baths:
- MLS#:
- 12138614
View additional info
Courtesy: @properties Christie's International Real Estate
847-657-7000
ADDITIONAL INFORMATION
Six Unit building located in Jackson Park Highlands! Steps to the Jackson Park Golf Course, Obama Presidential Center, and centrally located to South Shore Drive for easy access to Downtown. Building consists of 5- 3 bedroom 1 bath units and 1- 2 bedroom 1 bath unit. First floor units have potential to duplex down, or finish huge expansive basement for additional income. Each unit has gas forced air heat and water heater. Updated 100amp electric for each unit. Four of six are occupied w/ MTM leases, two are vacant. Two separate brick garages with space for an additional vehicle in rear. Coin laundry in basement. This is a great investment, with great potential for long term residual income! Property being SOLD AS IS. Notice required.
- Type:
- Retail
- Sq.Ft.:
- 2,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12123849
View additional info
Courtesy: Atlas Asset Management Realty LLC
312-617-8095
ADDITIONAL INFORMATION
All offers must be placed directly on the Cook County Land Banks website. Please have buyers register on website and submit initial offer application prior to viewing. All room sizes and lot dimensions are estiamtate, please verify zoning.
$1,050,000
7700 S East End Avenue Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1924
- Baths:
- MLS#:
- 12128787
View additional info
Courtesy: Red Pro Realty LLC
312-451-7490
ADDITIONAL INFORMATION
This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedroom units, is situated in South Shore, where the Obama Center is under construction, leading to significant revitalization in the area. The roof is less than 5 years old, the boiler is regularly maintained, and the hot water tank is approximately 10 years old. Additionally, there is a camera system installed on the building that will be retained. Some of the units have been renovated, and both the building and the neighborhood are peaceful and quiet. Priced to sale perfect for the investor looking for that 1031 exchange investment!
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 12125470
View additional info
Courtesy: Exit Strategy Realty / EMA Management
312-767-0572
ADDITIONAL INFORMATION
Charming historic 8-unit brick property in the South Shore Community of Chicago. A rare investment opportunity just steps away from the picturesque lake michigan. This stately brick building with a total of eight units, each one has a spacious layout of 2000 sq ft with hardwood floors that add a touch of elegance. Natural light floods through the windows, creating a bright and inviting atmosphere. Ideal for comfortable living, each unit features three bedrooms and two full baths providing a thoughtful designed to blend modern convenience with classic charm.
- Type:
- Other
- Sq.Ft.:
- 4,200
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1946
- Baths:
- MLS#:
- 12117626
View additional info
Courtesy: RE/MAX Premier
312-475-1717
ADDITIONAL INFORMATION
This corner (Exchange and 72nd) commercial building is an opporunity waiting to happen. Brick one-story building with a lower level is in a great, well-traveled location in the South Shore area with Metra station just across the street. A great space and setting for an eatery/coffee shop, bar or lounge, boutique, healthcare facility, small business incubator, artist/gallery space, day spa, insurance office. . .just bring your vision. Property being sold "As Is." Lot size is per Survey.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1923
- Baths:
- MLS#:
- 12115360
View additional info
Courtesy: Epique Realty Inc
888-893-3537
ADDITIONAL INFORMATION
24 hour notice.
$3,099,000
7801 S South Shore Drive Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 12120478
View additional info
Courtesy: Pearson Realty Group
773-325-2800
ADDITIONAL INFORMATION
Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 12111285
View additional info
Courtesy: Compass
312-319-1168
ADDITIONAL INFORMATION
Center Entrance 6-Flat Blonde Brick Beauty In Sensational South Shore Is An Excellent Investment Vehicle As Well As A Perfect Condo Conversion Candidate. The Building Features All 4 Bed/2 Bath Units With Updated Kitchens And Baths. There Is A Full Basement For Future Duplexing Down Of The 1st Floor Units Or Possible Creation Of Two Additional Garden Units. There Is Also A 5-Car Brick Garage. So Much Potential Here! Just Needs Some TLC.
$5,950,000
7846 S South Shore Drive Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- 39,652
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1951
- Baths:
- MLS#:
- 12107616
View additional info
Courtesy: Jameson Commercial
312-216-8000
ADDITIONAL INFORMATION
3075 E. Cheltenham is a renovated 60-unit apartment building. The building comprises four different floor plans, which are broken down into (2) studios and (58) 1bd/1ba units. The property was built in 1951 and has undergone an approximately $2.5MM comprehensive transformation, featuring significant capital improvements including, but not limited to, new windows, doors, plumbing, electrical, and boiler systems. The parapet walls have also been extensively replaced, and the roof has been repaired to ensure the building's structural integrity. This property provides an investor the opportunity to purchase a fully renovated, well-maintained, and strategically located property in a neighborhood that is growing. Nearby development called "The Thrive Exchange", is a $100MM investment to revitalize the corner of 79th Street & Exchange located just a stone's throw away. There are several scenarios for value creation and appreciation, such as leveraging the property's prime location, enhancing the property's curb appeal and reputation, capitalizing on the market demand and rent growth, and benefiting from tax advantages and incentives of owning and operating a multi-family property in South Shore. This investment aims to offer the residents of the South Shore neighborhood a high-quality and cost-effective housing option while also providing a sustainable and profitable investment opportunity for the new owner. The current loan with CIC can be assumed (some restrictions can be applied). An Offering Memorandum can be made available upon request.
$125,000
1728 E 79th Street Chicago, IL 60649
- Type:
- Other
- Sq.Ft.:
- 7,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1935
- Baths:
- MLS#:
- 12108634
View additional info
Courtesy: Miller Chicago LLC
773-366-8786
ADDITIONAL INFORMATION
5-unit property priced to move located on busy E 79th Street. Property needs complete rehab, sold as-is, where-is. Located on retail corridor of busy street, across from Cleveland's Outlet. Easily accessible to public transportation, located on #79 79th Street bus route, 0.2 miles to #28 Stony Island bus route, and 0.8 miles to ME 79th / Chatham Metra station. This is a Cannabis-Eligible parcel as defined by the State of Illinois' Cannabis Social Equity Program. Cook County Land Bank Authority owns this property. Please review CCLBA Offer Checklist before inquiring and please note that all offers must be submitted to the Land Bank directly via the CCLBA website.
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 12106292
View additional info
Courtesy: F.J. Williams Realty LLC
708-499-5600
ADDITIONAL INFORMATION
Fantastic opportunity in South Shore on 79th and Crandon. This property boasts 1 huge apartment with 3 generous-sized bedrooms and 2 full baths a large living room, dining room, den, and office space. The lower level of this mixed-use property has 2 office spaces. 2 separate oversized garages offer ample parking and storage for the property.
$1,125,000
6729 S Chappel Avenue Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1916
- Baths:
- MLS#:
- 12103693
View additional info
Courtesy: Compass
312-319-1168
ADDITIONAL INFORMATION
Welcome to 6729 - 6731 South Chappel Avenue, an exceptional investment opportunity in the heart of Chicago, IL. This impressive 8-unit building boasts a total of 22 bedrooms and 8 bathrooms across a generous single PIN 7,056 square feet lot. The property offers a lucrative current cap rate of over 7% and is fully leased with reliable, all performing tenants, historically maintaining a low vacancy rate. This property is a savvy investor's dream, featuring 6 three-bedroom, one-bathroom units, and 2 two-bedroom, one-bathroom units. The building is equipped with essential amenities including 2 coin operated washers and dryers, and a hard-wired security system for added peace of mind. With 8 new parking spots, tenants enjoy the convenience of ample parking. Strategically located in an opportunity zone, this property benefits from low taxes. Its close proximity to public transportation, particularly the CTA Jeffery Jump route, enhances its appeal to tenants seeking convenience. Additionally, the building's low expenses are attributed to tenants covering their own heat, electric, and gas, resulting in a desirable financial profile for investors. Situated just 1 mile from Jackson Park and the future Obama Presidential Library, this property holds promise for future appreciation. The pro forma DSCR of 1.83 and a cash-on-cash return of 18% further underscore the financial attractiveness of this investment. Moreover, with below-market rents, there's immediate potential to realize a cap rate of over 10% and a GRM of 7, presenting an enticing investment opportunity. For discerning investors seeking a prime income-generating asset, the offering memorandum is available upon request. Don't miss out on this rare chance to secure a solid investment in a thriving location that is driving the future of Chicago's South Side Multi-Family Investments.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1963
- Baths:
- MLS#:
- 12100384
View additional info
Courtesy: Homesmart Connect LLC
847-495-5000
ADDITIONAL INFORMATION
11 Unit Multifamily Investment opportunity located in the South Shore neighborhood. This property consists of well-maintained 11 apartments. 100% Occupancy. The unit mix is (3) two-bedroom one bath units and (8) one-bedroom one bath units. Each unit controls its own heat/thermostat. Each unit has its own water heater. Off street parking.
$1,100,000
1732 E 79th Street Chicago, IL 60649
- Type:
- Other
- Sq.Ft.:
- 5,700
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1928
- Baths:
- MLS#:
- 12101193
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
You must see this attractive corner brick mixed-use property at 1732 E 79th, Chicago, IL 60649. It features 10 apartments, including 2 studios, 6 one-bedroom units, and 2 two-bedroom units, as well as 4 commercial stores. Formerly Helen's Restaurant, this property comes with some equipment, new electric systems, central air, central heat, new countertops, and is ready for a new owner. Some units have been rehabbed, 3 sections of the boiler have been replaced, and the property includes newer windows, a newer porch, and a flat roof. Sold as-is.
$1,000,000
2470 E 75th Street Chicago, IL 60649
- Type:
- Retail
- Sq.Ft.:
- 6,200
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1935
- Baths:
- MLS#:
- 12093977
View additional info
Courtesy: Century 21 Circle
708-361-0800
ADDITIONAL INFORMATION
MUST SEE!! Building located in the upcoming SouthShore Neighborhood. SIX (6) STOREFRONTS, three parking spaces in back and backyard for all six (6) storefronts. Three (3) storefronts have their own entrances and bathrooms. Three (3) storefronts were a daycare with one (1) entrance, two (2) bathrooms (1 for students and 1 for staff) and full kitchen. Brand new Fire Alarm System installed for daycare UPGRADES: Interior: new plumbing throughout ALL storefronts... Exterior: new roof, new brick/tuckpointing and new windows... If you are looking to start a daycare and obtain rental space or obtain an investment property this building is for you.
$1,300,000
6830 S Jeffery Boulevard Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1924
- Baths:
- MLS#:
- 12088637
View additional info
Courtesy: Kiser Group Realty Inc
773-293-5000
ADDITIONAL INFORMATION
6830 S. Jeffery is a seven (7) unit walk-up building located just one block away from Jackson Park in Chicago's South Shore neighborhood. Over the past few years, Jackson Park has seen a resurgence in new developments due to its proximity to Lake Michigan, as well as Chicago's Downtown, most notably with the construction of the Obama Presidential Library. Given the assets location, there are a number of public transportation options to and from Chicago's Downtown providing tenants with quick, easy, and affordable transportation options. 6830 S. Jeffery is comprised of seven (7) total units. Currently, the building consists of six (6) incredibly spacious 3bd/3ba units boasting nearly 2,500 square feet of living space, as well as one (1) newly finished 1bd/1ba garden unit. All of which, however, are heated and cooled via separate and individual in-unit HVAC units. Additional updates include copper plumbing throughout the entire building, a roof tear off six (6) years ago, and a new silver coating placed this year. 6830 S. Jeffery presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an in-place cap rate of over 8% and a cash-on-cash return of over 10%. Solely through raising rents to figures already being achieved in the building, and/or through further rehabbing the remaining units, an investor can realize a pro-forma cap rate of over 9%.
$255,000
1642 E 79th Street Chicago, IL 60649
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1914
- Baths:
- MLS#:
- 12086700
View additional info
Courtesy: Luna Realty Group
708-797-3027
ADDITIONAL INFORMATION
Mix-use building now available! Property consists of a store front opportunity for a new business, or expansion of a business. Upstairs, includes two additional apartments, currently rented. (M2M) Property is located on a high traffic area, on 79th St. Close to transportation, highway, etc.
$1,100,000
7613 S Kingston Avenue Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- 12078315
View additional info
Courtesy: Dream Town Real Estate
312-242-1000
ADDITIONAL INFORMATION
Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum's First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is key! The property is within walking distance to the Windsor Park Metra Station and CTA buses, making public transportation a breeze. Enjoy the best of South Shore's recreational offerings with Rainbow Beach, the South Shore Cultural Center, and the picturesque Lakefront just a short stroll away. This property is not only a beautiful place to live but also a lucrative investment. With an effective gross income of $138,510.00 and a Net Operating Income of $97,153.99, it promises attractive investor returns and a great addition to a portfolio. The current owner has thoughtfully updated the units and installed individual furnaces across all units, allowing tenants to manage their own heating costs, further enhancing the property's appeal. Each unit has been meticulously updated to ensure modern comforts while retaining classic charm. The property is move-in ready, offering a seamless transition for new owners and tenants alike. Seize this fantastic opportunity to own a piece of South Shore's thriving real estate market. Schedule your visit today and envision the endless potential this property holds for your investment portfolio. For more information or to arrange a viewing, contact us now!
$499,900
2404 E 79th Street Chicago, IL 60649
- Type:
- Mixed Use
- Sq.Ft.:
- 9,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1951
- Baths:
- MLS#:
- 12080117
View additional info
Courtesy: Exit Strategy Realty / EMA Management
312-767-0572
ADDITIONAL INFORMATION
Fine example of Mid Century Modern Design! In the Avalon Park/South Shore TIF District, so City grants are available for the exterior and commercial space. Classic mid-century design details like wing walls and a glass front facade. Lee Bey, former architecture critic for the Sun Times, noted this building as a fine example of South Side Modern. 9-Unit mixed use building with street Level retail/office space and 8 large 1 bedroom residential units. Huge adjacent parking lot is included in sale. Each floor is approx 3,000 sqf. The building is supported with massive steel framing, so the store is clear span throughout with continuous floor to ceiling window lines. Currently the space is a business incubator with office suites, some with water, a large conference room, and a large meeting space near the street side with 2 bathrooms and a kitchenette. The 2nd & 3rd floors consist of 8 apartments, comprised of 1 bedroom/1 bathroom units. South Shore's 79th street is surrounded by businesses, medical offices, and retailers. Near South Shore Hospital. Multiple PINS 2130325025, 2130325026, 2130325027. Addresses 2404-2416 E 79th. Broker Owned.
- Type:
- Mixed Use
- Sq.Ft.:
- 2,733
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1960
- Baths:
- MLS#:
- 12050544
View additional info
Courtesy: RE/MAX 10
708-857-1500
ADDITIONAL INFORMATION
Prime location on Stony Island, not far from the Obama Library, minutes from Jackson Park, this multi-use building was being used as a church but can easily be converted into a Daycare center or other use. It has two-bedroom apartments on the second floor that are move-in ready and a finished basement. There are 3 bathrooms. The church sanctuary can be converted into a visible business. There is ample parking as the church owns the 7 adjacent lots (which can be sold separately or sold with the building) Additional income is made from the Clear Channel Billboard that sits on top of the building because of its prime location. Newer roof. This is a tax-exempt property. Sold as-is. Additional pins for lots to be provided.
$1,200,000
6947 S Jeffery Boulevard Chicago, IL 60649
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 12031569
View additional info
Courtesy: Kiser Group Realty Inc
773-293-5000
ADDITIONAL INFORMATION
6749 S. Jeffery is a twelve (12) unit walk-up on one of Jackson Park's premier boulevards. The asset is ideally situated directly off the Lake Shore Drive's Jeffery exit, and it's nestled in the heart of Chicago's Jackson Park just blocks away from the developing Obama Presidential Library. Furthermore, 6947 S. Jeffery sits just two (2) blocks south of the Jackson Park Golf Course and is just walking distance from the Lakefront Trail on 67th Street. 6947 S. Jeffery has a unique unit composition which currently includes both one bedroom and two bedroom units. Of the twelve (12) existing units, there are nine (9) 1b/1ba units and three (3) 2b/1ba units. Eleven (11) of the which, however, feature updated flooring, newer kitchens and baths along with stone countertops, and are equipped with modern, stainless steel appliances. The remaining unit, however, has long term renters and has not been modernized within the past seven years. Recent improvements to the building consist of, but not limited to: individual and separate furnaces, updated copper plumbing, newer windows, an updated roof, steel porches, and an efficient hot water boiler. 6947 S. Jeffery presents an incredibly unique opportunity to acquire a property on Chicago's premier Jeffery Boulevard. With the area ever improving, coupled with the finite amount of assets located between 67th Street and 71st, the building is poised for additional and future growth and appreciation. Furthermore, the asset provides a new owner immediate cash flow from day one, and an incredible value add proposition by updating the remaining units as tenants move out, further improving the cap rate significantly.
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Chicago Real Estate
The median home value in Chicago, IL is $223,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Chicago, IL is $223,000. Approximately 38.87% of Chicago homes are owned, compared to 48.34% rented, while 12.79% 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 60649 has a population of 2,722,586. Chicago 60649 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Chicago, Illinois 60649 is $52,497. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Chicago 60649 is 34.1 years.
Chicago Weather
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.1 inches of snow per year.