HUGE OPPORTUNIY!! This building offers a versatile range of possibilities given its zoning, layout, and features. The availability of separate spaces, individual doors, and amenities like bathrooms and waiting rooms on each floor can cater to various needs. The proximity to public transit and security measures like the video surveillance system and buzzer entry add to its appeal. The recent maintenance work includes tuck-pointing, roof repairs and interior finishes. However, it's important to note that the property is being sold "AS IS,". Considering the RT-4 zoning, the property seems suitable for various uses-continuing as professional offices or potentially transitioning into a blended residential-commercial space. Exploring these possibilities could attract a range of interested parties seeking different configurations for the available square footage. Given its location near the Blue Line and its adaptable layout, this property could be an attractive investment for those looking to capitalize on its potential for office spaces, residential units, or a mix of both.
A 2-story mixed-use building with two (2) residential units, one (1) retail unit, and a 2-car garage. New 5-year lease on the retail space. Apartments can be cosmetically updated to achieve increased rents. This property is owned by an Illinois Real estate broker.
4,400 sq ft of office/tech space previously used as dental lab. Double lot with 50' of frontage on Lincoln Ave with high traffic also has 6 parking spaces out back lot totalling approx. 5850 sqft with B3-2 Zoning. New water heater in 2018, recent roof, hvac and other updates. Desirable Northwest side close to North Park and Northeastern University. 30 minutes from downtown, 20 minutes to O'Hare. Parking lot in rear of building.
A single-story, single-tenant retail storefront building. The lease was recently extended to October of 2030. Full NNN lease with an established tenant, School of Rock. This property is owned by an Illinois Real estate broker.
Large, well maintained solid brick building zoned R-3 across from Piotrowski Park on bustling 31st St. Family owned since the 1960s, the building consists of 3 residential units plus a 900 sq ft first floor storefront. Full walk up expandable attic and full basement with separate meters. New tear off roofs on both the garage and main building 2020, new gutters, soffits and boiler 2021 and new water heater in 2023. Home Run Inn is next door, and Piotrowski Park has a public swimming pool and skate park so the location is ideal with plenty of foot traffic. Target, Home Depot and Walmart are around the corner. Great opportunity for multi-generational living or investment. Being sold as-is.
BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site with a 17 car parking lot! The ground floor is leased to long term tenants and the second floor ready for your ideas. Previously 2nd flr housed 17 apts. Remarkable possibilities! Ground floor fully leased to long term tenants for instant cash flow. The 9,180 SF second floor is wide open, with soaring ceiling heights to 14 feet. Additional possibilities to add square footage include adding 3rd floor loft space in a portion of the second floor and building out an existing very cool all masonry roof penthouse. Architectural plans available to construct a lobby, stair and elevator on Michigan Avenue with direct access to the concrete 17 car fenced, landscaped & irrigated parking lot. The possible uses are endless and include but are not limited to apartments, dramatic office space, medical, gym, basketball, pickleball, dance studio, restaurant, theater, doggie daycare, gallery and many other possibilities. Transit Oriented Development site, potential TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.
Versatile commercial condo ideally located and adjacent to bustling West Town, Wicker Park, Bucktown and Ukrainian Village! Ground level access with tall ceilings and many recent improvements including newer flooring and updated bathroom. Great space ready for your ideas with easy access to all forms of public transportation and the expressways as well as the vibrant retail on both Division St and North Ave. Electric, Heat & Internet included in lease as well as Yoga equipment if appropriate for end user! Street parking. Longtime attentive Landlord. Easy to show with notice.
Great opportunity in a brand new 2-story retail plaza located at heavy traffic interaction of Archer Ave and Canal Ave, on the edge of expanding Chinatown area. Great location for business.
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.
Fantastic corner building at a busy intersection in West Humboldt Park. The building consists of 8 units with 5 apartments and 3 retail spaces. The building is fully occupied with all units individual metered for gas and electric. The retail tenants are all on GM leases with RUBS and rent increases in place. The apartment units are all market rate with some on leases and some month to month. The unit mix for the apartments: 3- 2 bedroom / 1 bathroom ; 2- 1 bedroom / 1 bathroom; 3 retail spaces. This neighborhood has been improving with the recent addition of the Amazon distribution center. The retail spaces have always remained occupied due to the strong location in the neighborhood. This is a high cash flowing investment property with a diversified income stream. Make it a part of your portfolio today!
Located on the corner of Chicago Ave and Winchester Ave in the heart of Chicago's Ukrainian Village neighborhood. The property is currently fully occupied by three tenants, West Town Market, School of Rock, and one 3-bed, 2-bath residential unit. All three units have been fully rehabbed The building also has an income-producing electronic sign. This corner location is next door to Dante's Pizzeria and across the street from Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just 1.5 blocks from the neighborhood grocery store, Mariano's. This corner location with sidewalk cafe potential is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. The subject property is owned by a licensed Illinois Commercial Real Estate Broker.
1859 W Chicago Ave is a 9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago's Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano's. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.
Distinctive location in vibrant Bridgeport neighborhood. Unique true vintage timber loft space located in close proximity to I-90/94 Dan Ryan expressway. 5-story structure with +/- 20,000 sf floor plates. Enterprise Zone and Empowerment Zone Designation. Newly paved parking lot. Total of three PIN's 20-04-105-004/007/011-000 are included.
The subject property is located at 748-50 N Lawndale Ave. Commercial retail/office building is in Chicago's dense and rapidly gentrifying Humboldt Park neighborhood. The property is zoned B3-1 and positioned in a great location for any type of business. It features a one-story 2,200 SF GLA (above grade) building including 1 storefronts rectangular-shaped site. The subject property presents the unique opportunity to acquire a stand-alone building in the Humboldt Park district. DON'T MISS THIS OPPORTUNITY!
The subject property is located at 3701- 3703 W Chicago Ave. Commercial retail/office building is in Chicago's dense and rapidly gentrifying Humboldt Park neighborhood. The property is zoned B3-1 and positioned in a great location for any type of business. It features a one-story 4,400 SF GLA (above grade) building including 2 storefronts rectangular-shaped site. The subject property presents the unique opportunity to acquire a stand-alone building in the Humboldt Park district. DON'T MISS THIS OPPORTUNITY!
Prime business location with rear parking for 8 vehicles. Agent is related to the seller.
Welcome to 2821 west 25th in marshall square. A Nicely Maintained and professionally managed 6 unit rental brick multifamily property which underwent a complete renovation 3 years ago. This is a Very successful income producing property conveniently located near an el station, shopping and douglass park. 1st appointment to show 2 sample apartments. with some notice. Upcoming area just west of pilsen and convenient to getting downtown and the highway
Available for sale or lease Subject to offer: 821 S Western Ave, Chicago, IL 60612 is a prime 1,400 sq. ft. retail space located in the heart of the Medical District. Situated in an up-and-coming neighborhood, this property is surrounded by major hospitals, schools, and a bustling community. The space is ideal for a variety of businesses, such as a convenience store, coffee shop, or dry cleaner. Positioned on a busy street with high visibility and foot traffic, this location offers an excellent opportunity for your business to thrive in a vibrant and growing area. Don't miss out on this chance to establish your business in a key location!
Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 6-unit multifamily property, located at 1621 S Lawndale Ave, offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature (3) three bedroom units and (3) two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value. Don't miss this opportunity to invest in the thriving North Lawndale neighborhood. With the right vision and execution, 1621 S Lawndale Ave can become a cornerstone of your real estate portfolio.
NEW CONSTRUCTION FIRST FLOOR COMMERCIAL/RETAIL STOREFRONT IN THE DYNAMIC WEST TOWN NEIGHBORHOOD. THIS COMMERCIAL CONDO IS APPROX 1898 SF WITH AN OPEN LAYOUT, 12' CEILING HEIGHT AND FLOOR TO CEILING WINDOWS. WILL BE DELIVERED AS A VANILLA BOX WITH WORKING BATH. HIGH TRAFFIC AREA WITH EXCELLENT STREET PARKING. LUXURY RESIDENTIAL CONDOS ABOVE THE UNIT. MULTIPLE GARAGE PARKING SPACES AVAILABLE FOR PURCHASE.
Discover a rare opportunity at 2449 W 79th St, Chicago, IL-an exceptional 2,250-square-foot commercial property currently operating as an art gallery and event space. Its flexible design is perfect for hosting baby and bridal showers, parties, meetings, and more. Alternatively, it could be transformed into a retail store, live/work space, medical office, or business office. Upon entry, you'll be greeted by a spacious, open-concept main area, highlighted by modern decor and a polished concrete floor with decorative resurfacing. The interior is both contemporary and low-maintenance. The space features central heating and air conditioning with a smart thermostat that can be controlled remotely, ensuring comfort throughout the year. A chic wet bar enhances the space, offering a dedicated area for refreshments and entertainment. Two large bathrooms provide convenience, making this property adaptable for various uses. Its open layout offers unlimited potential for customization, whether you're envisioning a dynamic workspace, art studio, or a one-of-a-kind event venue. Located in a vibrant neighborhood, this property offers an incredible opportunity for businesses seeking a versatile space in a prime location. Additional features include a newer roof, soffit, and fascia, a 2 1/2-car garage, security shutters on the side and rear of the building, and ample street parking. Don't miss your chance to bring your vision to life. Schedule a viewing today and explore the endless possibilities this unique property has to offer!
Prime Commercial Property on Ashland Ave - Renovated and Ready for Business! This exceptional commercial property spans across 7 city lots on bustling Ashland Ave, offering unparalleled visibility and accessibility. Recently, the interior has undergone a complete renovation, featuring brand new electrical systems, plumbing, HVAC, and a durable asphalt roof. The building itself boasts 12,000 square feet of versatile space, perfectly suited for a variety of business uses, including cannabis dispensaries, auto parts stores, retail shops and more, and includes a full unfinished basement for additional storage or future expansion. Key features: Lot Size: 225 x 108 feet, providing ample space for your business operations. Building Size: 12,000 square feet with a full basement. Zoning: B3-2, allowing for a wide range of commercial activities. Parking: Abundant parking available to accommodate both customers and staff. Don't miss this opportunity to establish your business in a highly desirable and thriving location. Contact us today to schedule a viewing!
Realty of Chicago LLC is proud to present the opportunity to purchase 3001 W 63rd St, Chicago, IL 60629, for $349,900. This property offers approximately 3,000 sq ft of versatile commercial space, zoned B1-1. It's currently set up as a restaurant with 3 out door parking spaces in the rear of the building . The property boasts substantial frontage on 63rd St & South Sacramento Ave , providing excellent visibility and easy access to both public and vehicular transportation. Nearby businesses include Walgreens, Chase, Aldi, Dunkin', Pete's Market, and more. Marquette Park, less than 12 miles from downtown Chicago, is situated in this primarily residential area, where commercial real estate is concentrated along several corridors, including Kedzie Ave. Property next door (3003 W 63rd MLS # 1213535 ) is also for sale .Owner financing is available.
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.
The median home value in Chicago, IL is $352,500. 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 $352,500. 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 has a population of 2,742,119. Chicago is less family-centric than the surrounding county with 27.11% 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 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 is 35.1 years.
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.