Chicago IL Commercial for Sale
$1,175,000
8321 S Drexel Avenue Chicago, IL 60619
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- 12119410
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
Property Overview: Units: 12 two-bedroom, one-bathroom units HVAC: Individually metered for heating and cooling HUD Fair Market Rent (2024): $1,410 for the 60619 zip code Investment Potential: Pro Forma Net Operating Income: $128,885, representing a cap rate of 10.97% and a GRM of 6.28 Neighborhood Insights: Chatham is renowned for its stable residential character and vibrant local economy. This community is experiencing economic growth and increased housing demand, making it an attractive area for real estate investment. The property's location within this thriving neighborhood enhances its appeal and potential for long-term appreciation. Detailed Unit Breakdown: Unit Mix: 12 two-bedroom/one-bathroom units Economic Performance: Purchase Price: $1,175,000 Current Cap Rate: 8.72% This strong cap rate indicates a favorable yield compared to typical residential investment properties in the area. Current Net Operating Income (NOI): $102,475 annually Reflects efficient management and strong profitability. Current Gross Rent Multiplier (GRM): 7.22 Demonstrates significant rental income potential relative to market value. The property at 8321 S. Drexel Ave. represents a unique and promising investment opportunity in the Chicago real estate market. With a strategic location in the growing Chatham neighborhood and solid financial performance, this asset offers an ideal blend of risk mitigation and potential for high returns. The individually metered HVAC systems enhance tenant satisfaction and operational efficiency. This investment is an excellent choice for investors focused on long-term wealth accumulation in the multifamily housing sector.
- Type:
- Other
- Sq.Ft.:
- 13,125
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1970
- Baths:
- MLS#:
- 12118758
View additional info
Courtesy: iProperties
847-730-3121
ADDITIONAL INFORMATION
Coin Laundry Anchored Neighborhood strip Center. 100% Leased with 9 Long term tenants. The Sale Include Coin Laundromat business. Right nest to the Jarvis CTA station. Well maintained and great upside potentials
- Type:
- Condo
- Sq.Ft.:
- 17,900
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- MLS#:
- 12115669
View additional info
Courtesy: Century 21 Circle
773-465-4200
ADDITIONAL INFORMATION
The Avondale/Irving Park neighborhood district heavy business traveled and developed corridor at Milwaukee Ave./Belmont Ave., 2-Story mixed-use building approximate gross total building Sq. ft. 18,000. featuring 5-Street level commercial stores with great exposure, leased for a long time, 8-Large residential units on the 2nd level can be converted to more dwelling units. 2nd level residential breakdown units are 2-Units are 5-br, 2-baths. 3-unit 2-br, 1-bath. 1-unit 3 br, 1 bath. 1-br,1-bath., and 1-studio unit. Individual utilities and furnaces. Great location within reach to Logon square, Ukrainian and Roscoe village. North Center, Irving Park neighborhoods, public transportation, and expressways. Heavy traveled and traffic mixed USE district combining business, shops, and professional dense corridor. Well populated neighborhood. Parking available through "Parkway" at the building boundary along with metered street parking. Walking distance to all convenient retailers, shops, entertainments, and public transportation. Short distance to major roads, and downtown. Easy access to Kennedy expressway, O'Hare Airport and all other major roads and interstates. Access are on Weekends and with buyer pre-approval letter first.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1893
- Baths:
- MLS#:
- 12048217
View additional info
Courtesy: Equity Realty
630-990-2133
ADDITIONAL INFORMATION
Location! Location! Sold AS-IS. Investment opportunity in Logan Square. Zoning is B2-3 (See Attached). Full plans and permits upon request. Logan Square 606 Trail just blocks away. Proposed Architectural plans call for a 3 story building; First Floor: Retail space in the front; 2 bedroom / 2 bathroom residential apartment in the rear. Level 2 - two apartments both front and rear apartment feature 2 bedroom / 2 bathroom. Level 3 - two apartments both front and rear apartment feature 2 bedroom / 2 bathroom. 3 car parking space.
$520,000
4209 W Cermak Road Chicago, IL 60623
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1928
- Baths:
- MLS#:
- 12108574
View additional info
Courtesy: Chicagoland Brokers Inc.
773-745-1000
ADDITIONAL INFORMATION
Prime Mixed-Use Property with Exceptional Investment Potential. Introducing an outstanding mixed-use property package located in the highly desirable Southwest Chicago area. This offering includes two well-maintained buildings situated in a high-traffic location, perfect for maximizing visibility and income potential. Property Highlights Dual-Building Package: Versatile Storefront: The first floor of both buildings features a shared, expansive storefront space currently utilized as a church. This space offers significant flexibility for various commercial uses, making it an ideal setting for retail, office space, or other business ventures. Residential Units: Building One: Houses two large apartments, each with three bedrooms, providing ample living space and rental income opportunities. Building Two: Features a spacious four-bedroom apartment, further enhancing the property's residential appeal and rental potential. Additional Features: High-Traffic Location: Situated in a bustling area, ensuring excellent exposure and accessibility for both commercial and residential tenants. Well-Maintained: Both buildings have been diligently cared for, reflecting the pride of ownership and attention to detail. This prime mixed-use property presents a unique investment opportunity, offering a blend of commercial and residential spaces that cater to a diverse range of tenants. With its strategic location and versatile layout, the potential for income growth and property appreciation is substantial. For more information or to arrange a viewing, please contact us. Don't miss this chance to invest in a property that combines excellent cash flow, strong growth potential, and a prime location in Southwest Chicago.
$239,900
2609 W 79th Street Chicago, IL 60652
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 12116271
View additional info
Courtesy: Supreme Real Estate Inc.
773-737-0007
ADDITIONAL INFORMATION
Here's your chance to own property on business lined 79th St.!! There is 1 office on the first floor. The second floor has two one bedroom apartments. Tenants pay their own gas, heat and electric. As a plus, there's parking located in the rear of the building. Property being sold as is. Schedule your appointment and make an offer today!
$3,050,000
10952 S Western Avenue Chicago, IL 60643
- Type:
- General Commercial
- Sq.Ft.:
- 14,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 12108359
View additional info
Courtesy: Berg Properties
888-276-9959
ADDITIONAL INFORMATION
This 18-unit property is situated in the Beverly/Morgan Park neighborhood of Chicago. This blonde brick beauty features a 1-car brick garage and generates excellent income, with additional earnings from coin-operated laundry. The north building boasts a new roof and gutters. The property is equipped with a video surveillance system covering the front and rear areas. Located in a premium spot near schools, stores, and various amenities, it includes 9 off-street parking spaces. This rare investment opportunity features 16 two-bedroom apartments and 2 one-bedroom apartments, each with walk-in closets. Don't let this one pass by.
- Type:
- Condo
- Sq.Ft.:
- 344,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 12115026
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Condo
- Sq.Ft.:
- 344,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 12115021
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Condo
- Sq.Ft.:
- 344,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1922
- Baths:
- MLS#:
- 12115007
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Office
- Sq.Ft.:
- 259,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1914
- Baths:
- MLS#:
- 12115002
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Condo
- Sq.Ft.:
- 344,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1917
- Baths:
- MLS#:
- 12114997
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Office
- Sq.Ft.:
- 344,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1914
- Baths:
- MLS#:
- 12114964
View additional info
Courtesy: Compass
630-974-6750
ADDITIONAL INFORMATION
The Spectacular Garland Building in the Heart of the Business District! The office condos at 111 N Wabash offer an office, medical, dental or therapy user an exceptional lease or owner-user opportunity conveniently located in The Historic Garland Building in downtown Chicago at 111 N. Wabash. These spaces are available for lease and represent a perfect opportunity for medical professionals, creative office, attorneys, non-profits and financial firms. The property is situated at the corner of Wabash Avenue and Washington Street in the heart of the Loop adjacent to the Wabash CTA elevated rail station, steps from Chicago's Magnificent Mile and Millennium Park. Management company and owner on site. Monthly assessments include janitorial services five days per week, security, shared conference room, maintenance and cleaning of washrooms. (Will sell all 6 units for a discount price at $60 square foot package price - unit numbers total are: 1205, 1212, 1403, 1902,1911 and 2101) Inquire within.
- Type:
- Mixed Use
- Sq.Ft.:
- 4,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1906
- Baths:
- MLS#:
- 12114049
View additional info
Courtesy: Betancourt Realty
773-342-7211
ADDITIONAL INFORMATION
Fully occupied, 2 large units in good condition. 2 units 6 rooms, 3 bedrooms. Commerical space is the entire floor. The commercial space extends to the alley. Great potential for any business.
- Type:
- Mixed Use
- Sq.Ft.:
- 9,600
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1966
- Baths:
- MLS#:
- 12111928
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Courtesy: Betancourt Realty
773-342-7211
ADDITIONAL INFORMATION
This is an opportunity to have your business established at a double store front space or divide it in two. It has multiple entrances. The upper level seems as if it use to be several apartments but was converted into office spaces. Be creative and convert it into apartments and receive additional income! Parking in the rear for 6 cars. Additionally, you get a totally separate parcel of land across the alley as part of the deal. Endless Possibilities. Additional lot pin number is 1334429035000;
$3,099,000
3919 W Fullerton Avenue Chicago, IL 60647
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1947
- Baths:
- MLS#:
- 12114193
View additional info
Courtesy: Betancourt Realty
773-342-7211
ADDITIONAL INFORMATION
Logan Square Unique find. Not many left an existing S.R.O. with a Hotel License. 67 Studios. Could be a big money maker. New $60,000 boiler installed. Please do not disturb tenants or employees. Only contact the Listing Agent.
$1,100,000
3933 W 63rd Street Chicago, IL 60629
- Type:
- Other
- Sq.Ft.:
- 7,037
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1927
- Baths:
- MLS#:
- 12113752
View additional info
Courtesy: A List Homes Realty
510-872-5390
ADDITIONAL INFORMATION
Prime Investment Opportunity in Chicago's Sought-After 63rd Street Corridor. Mixed-Use Building with Strong Rental Income! This 8-unit building, with 3 commercial storefronts and 5 residential units, offers tremendous upside with its B1-1 zoning in high traffic area. Currently fully leased with MTM tenants, this property boast steady income potential with significant upside, with long-term growth in a dynamic, up-and -coming area. Ideal for investors seeking cash flow, redevelopment opportunities, or long-term value appreciation. The property is priced to move with immediate income potential. This is your chance to secure a high performing asset in one of Chicago's most promising neighborhoods.
- Type:
- Condo
- Sq.Ft.:
- 6,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2007
- Baths:
- MLS#:
- 12113872
View additional info
Courtesy: Compass
312-733-7201
ADDITIONAL INFORMATION
Spacious ground-floor commercial condo located in vibrant North Center. Lots of new construction in an established community that continues to grow with many new businesses, and the need for many more. The B3-2 zoning allows for a wide variety of retail and office uses. It currently has a main open area, one office, a full kitchen, restroom, mechanical room and storage. Freshly painted and ready for your new business. Owner is open to contributing toward the potential for getting it approved for a live/work space as well. Excellent average daily traffic count along Irving of 29,000 cars per day. Good foot traffic also with excellent demographics. There are some uses not allowed under the by-laws.
- Type:
- Other
- Sq.Ft.:
- 2,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1967
- Baths:
- MLS#:
- 12112750
View additional info
Courtesy: EXP Realty, LLC
888-574-9405
ADDITIONAL INFORMATION
Excellent investment opportunity in thriving North Harlem Edison Park corridor at Milwaukee & Birchwood intersection: easily accessible optimal location. Fully operating business, current tenant is Lamaris Salon & Day Spa and occupies the entire 2000 square foot premises. Make this incredible investment opportunity yours today! Business is offered for sale separately.
$150,000
946 W 79th Street Chicago, IL 60620
- Type:
- Other
- Sq.Ft.:
- 2,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1955
- Baths:
- MLS#:
- 12112217
View additional info
Courtesy: Baird & Warner
773-697-5555
ADDITIONAL INFORMATION
Located directly across the street from Leo High School soccer field this oversized office space is ready to suit your business' needs. With eight office spaces and three large conference spaces including a reception desk, the price for this size office is unbeatable in this location; come make this space your own. Providing 2,500 SF+ of space to spread out, 3 bathrooms, other private office spaces, HVAC and plenty of storage, including parking in the rear. Formally a medical office. South facing space so enjoy a plethora of natural light beaming into your office through the front glass windows. The Auburn neighborhood is expanding at a rapid rate. Find growth in continued foot and vehicle traffic right on 79th as new developments are increasing in the area. Close to the Dan Ryan Expressway, other major thoroughfares and quick access downtown. Make this your next or first location. Easy to show!
$1,400,000
525-527 N Ashland Avenue Chicago, IL 60622
- Type:
- Mixed Use
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1879
- Baths:
- MLS#:
- 12113433
View additional info
Courtesy: Capital Investment Realty Group Inc
708-692-7283
ADDITIONAL INFORMATION
Stop and look this is a Great Investor opportunity to own a large mixed use property in a great location in West Town. Brick 2 story building with 2 pin numbers 525 N. Ashland and 527 N. Ashland. The 2 storefronts are rented and bring in total of $4,020 monthly income. The 2 residential apartments are vacant and each are 2 bedroom 2 bath units with washer/dryer set up in unit asking rent $2,500 and tenants to pay for gas and electric. Great location and great investment opportunity. Set your appointment to view the property today and seller here offers a financing option so have your broker inquirer. Property is close to everything Downtown, Expressways, CTA Blue Line, shops, dining, etc. This is a rare find and will be money maker for years to come. Must See!! Seller does not pay for closing expenses. Property sold "As Is" Seller offers a Mortgage carryback option with 20% down payment. Great investment Opportunity reach out for more information today!
- Type:
- Other
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1963
- Baths:
- MLS#:
- 12113042
View additional info
Courtesy: KW Crossroads
708-217-5238
ADDITIONAL INFORMATION
WEST ENGLEWOOD!!! Tremendous growth in the area and heavy traffic flow! Rehabbed in 2020 approved by the City of Chicago. New roof, tuck pointing, new electrical, new plumbing, 2 new and zoned HVAC systems, new bathrooms, new light fixtures, new motorized gate for easy and secured rear parking, refurbished hardwood floors throughout...EVERYTHING has been done for you to easily turn this space into whatever suits your needs. Build outs can easily be removed to open the space if desired. Contact your agent today to schedule a showing so you can see how this space can work for your business!
$1,600,000
2944 W Devon Avenue Chicago, IL 60659
- Type:
- Other
- Sq.Ft.:
- 8,975
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1970
- Baths:
- MLS#:
- 12111369
View additional info
Courtesy: @properties Commercial
312-506-0200
ADDITIONAL INFORMATION
Very rare offering, This great 3 story, 7 Unit commercial mixed-use building is for sale at 2944 W Devon. The building features a Classic facade. Building is 8975 SQ FT, Land Site is approx. 6250 SQ FT, B1-2 Zoning. Valuable opportunity for an Investor, Developer or end user to acquire a boutique mixed use building right in the heart of Rogers Park. Not to mention Great visibility and very high traffic at this location - 26,700 Vehicles Per Day on Devon, On the first floor, There is a 3300 SQ FT Very busy Retail Bakery in operation, The Bakery features a Fantastic business location with great signage visibility. Very heavy pedestrian traffic, Very vibrant retail area. On floors two and three there are 2-1bed-1ba units, 2-2Bed 1 Bath units, 3-3Bed 1 Bath units. Rear parking lot with 2 spaces, Close to area expressways and Public transportation options include CTA Bus Stops along Devon Avenue. This property is surrounded by retail and restaurants. Area retailers include, Dunkin, city fresh market, Anmol barbeque, Dollar tree, Delhi Darbar Kabab House, Kol Tuv Kosher Foods, Rosens Morse view Pharmacy, The Turnkey Bakery is also for sale for $400,000. Price is negotiable, Please note; Ownership will listen to all offers within reason. Do not bother tenants, Please call listing agent for a showing.
View additional info
Courtesy: Century 21 Circle
630-543-5640
ADDITIONAL INFORMATION
Property is not an active church, needs to be completely rehabbed or re-developed. Can not enter the property -not safe. Great opportunity.
- Type:
- Other
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1924
- Baths:
- MLS#:
- 12112508
View additional info
Courtesy: @properties Commercial
312-506-0200
ADDITIONAL INFORMATION
Large brick single story building on minutes from Portage Park's Six Corners. Building is a rehabbed former VFW post occupying the entire lot (25' X 125') containing a ground or main level, full basement, and rear second floor. The main level has a full bar, space for a kitchen, and two (2) washrooms. The upstairs is an office (raw space, approx. 24' X 15'). The building's facade has a new full-length front window. 10' ceilings. An impressive space excellent for a restaurant (incidental liquor license available; no existing black iron.), retail, or office.
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Chicago Real Estate
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.
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.