Turnkey Office space fully rehabbed. Prime location on Wacker Dr. with access to all the loop and river north has to offer. Directly across from the merchandise mart and easy access to the river walk. Unit is separated in many private offices from former shared office environment but can be fully opened up for collaborative environment. Unit had fiber optic with new data closet with Cisco Meraki components. 24-hour access. Doorman during business hours and full access to bike room and loading dock. Building has gone through extensive updating in the last few years including updating elevators and tuckpointing the building. CTA and L stops with walking distance and easy access to both LSD and Kennedy/Dan Ryan Expressways. Property surrounded by endless restaurant and bar options as well a countless hotel brands for out-of-town guests. Step to theater district and all loop buildings and Millenium Park is half mile.
This former 9,000 sqft grocery store is a blank slate, perfect for your retail or industrial needs. Zoned B3-1 allows you to transform this space to fit your usage. Nestled on Division, both blocks away from N Cicero Ave and La Follette Park, this corner lot space will have high traffic year-round for your next establishment. Owners spent over $144,000 last year on roof, masonry, and other upgrades!
7236 S University is a center entrance apartment building in the Pocket town neighborhood. The building consists of three (3) three-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units. Many updates including newer furnace, updated kitchens and baths, in-building laundry. Large units with partial subsidized rents.
Rarely available opportunity to acquire a prime mixed-use property along high-visibility Montrose Ave. Perfect retail/office business in busy location with spacious rental unit on the second level. First floor holds a versatile 6-room/1.5-bathroom office space, currently utilized as a physical therapy office. Featuring a reception area, private office, full and half-bath, plus a utility room equipped with two furnaces for HVAC, a water heater, laundry facilities, and ample storage. Access to the second level is available via both exterior and interior entry points. Second level holds a 3 bedroom/1 bathroom residential unit with bright living room + front balcony, kitchen, and dining area. Back deck leads to large backyard with 2 car garage. The property is B3-2 zoning which allows for more types of businesses than B1 and B2 districts. Maximum street visibility and foot traffic makes this the ideal investment opportunity for owner-occupants or business users seeking solid apartment rental income to minimize expenses. ****The information about zoning comes from the city zoning map and broker makes no representation as to the actual zoning and buildability**** Buyer to confirm zoning and buildability****
3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039726 and #12039782. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. This is the middle building of 3 located on the SW corner of Ashland and Archer. This is a 2 story building with a full basement. Each floor is approximately 1600 s.f. The first floor is occupied by a long time bar and music venue named One City Tap. The second floor is split up into 7 bedrooms, with 2 bathrooms and one kitchen. This 2nd floor area is licensed as an SRO, and any sale must follow the rules and regulations governing the transfer of an SRO property (click on link in Broker's Private Remarks). 3115 S. Archer Ave is being offered for sale individually for $450,000. This property is not being offered for lease. This property is being sold "as-is, where-is".
Great opportunity to get into sought after Irving Dunning area of Chicago! Perfect for retail, medical, or entertainment. Apartment above for additional income. Solid brick exterior and flexicore concrete ceiling. Desirable off street parking in rear of building. Less than half mile from Harlem Irving Plaza. Close proximity to major expressways and Metra. Annual average daily traffic count: 16,200 per IDOT in 2021.
Investment opportunity to own an all brick 6 Unit Mixed-Use building in Chicago's Belmont-Cragin neighborhood. This property features 4 - 2bd/1ba units, 1 - 1bd/1ba unit, and a local bar on the main level. The 3 rear residential units have been completely gut rehabbed in 2015 and are condo quality including hardwood floors, stainless steel appliances, and granite counters. The 2 front residential units had some updates. All 6 units have their individual HVAC and the 2 rear units have their individual hot water heaters. The roof was updated in 2015. The current rent is WELL BELOW market value and are all month to month. (With the market value, the Total Annual Income before expenses should be around $90,000 off rent alone). Additional income from coin laundry. Explore the possibilities of being a Chicago commercial property owner.
Unlock unparalleled business potential with this exclusive owner-user opportunity nestled within the iconic Garland Building in vibrant downtown Chicago. Located at 111 N. Wabash, this commercial condominium unit is primed for sale or lease, offering a versatile canvas for various enterprises. Whether you're a medical professional, a creative powerhouse, a legal eagle, a non-profit trailblazer, or a financial wizard, this space caters to your unique needs. Spanning approximately 2,800 square feet on the prestigious sixteenth floor, this property boasts a strategic position at the nexus of Wabash Avenue and Washington Street, anchoring the bustling heart of the Loop. Seamlessly connected to the pulse of the city, it sits adjacent to the Wabash CTA elevated rail station, mere steps away from Chicago's renowned Magnificent Mile and the cultural haven of Millennium Park. Elevate your business to new heights by seizing this prime commercial condo opportunity. Take command of your occupancy costs and unlock the potential for unparalleled growth and success. Embrace the future of your enterprise with the perfect blend of location, prestige, and functionality.
Fully rented and rarely available 7-unit elevator condo quality apartment building in the heart of Bucktown. This well-maintained building is ready for the next investor to sit back and collect rent. Monthly gross income $29,641. Two commercial store front spaces with long term leases in place with leases ending in 2028. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining room. Three true bedrooms features primary bedroom with ensuite bathroom with double bowl stone countertops, and separate shower. Large second and third bedrooms along with updated second bath. Hardwood floors throughout. All units have separate HVAC, in-unit washer and dryer and all pay their own utilities. All residential finishes similar in all units. Unit 4W and 4E have interior unit stairs to access the private roof deck. Unit 3 is a full floor with huge front and rear terrace spaces to entertain. Unit 3 features three-bedroom, two full baths plus a half bath. Full floor unit 3 primary bath has double bowl sink, separate shower plus soaking tub. Photos are from unit 4W along with floorplan, 2W are identical to 4W. 2E, 4E units are the same as 4W layout just flipped. Unit 3 is a full floor see floorplan. Finishes in the building are all high end and similar throughout. Parking spaces in the rear of the building. A member of the LLC holds an Illinois real estate license. The listing broker is not a member of the LLC.
The subject property is located at 2611 South Lawndale Ave., Chicago, IL 60623 (the "Property"). The JonBerg Group of Baird & Warner Real Estate, INC, as the sole and exclusive Broker, has been retained to present the sale of this investment opportunity. This is an urban Mixed-Use property located in the heart of Chicago's Little Village neighborhood. Featuring a new roof, currently fully renovated 2-story building, 3,600 SF of gross leasable area and 3,076 SF site. The subject property is zoned B3-2 and comprises a full basement, 1 commercial space, and a fully leased 2nd-floor large apartment. The subject property is situated in a mixed commercial and residential city setting making it a prime location for investment and/or owner-user opportunities. The property's strategic location offers convenient access to major thoroughfares, public transportation, and a wide range of amenities, including shopping centers, restaurants, and recreational facilities. The subject property presents the unique opportunity to acquire a stand-alone building in the Little Village neighborhood.
We are offering a 11,000 square foot (5,500 1st floor, 5,500 lower level), completely renovated and secured, single story, brick freestanding building with full basement. Renovations include first-floor open floor plan with retail space- incredible heights! The lower level features a dry basement, a 23x14 private office with full bath, 23x11 file room, 20x16 cooler, and 2,500 square feet of storage space. Additional upgraded features new electrical, plumbing, HVAC, security cameras and shutters. New power (800 amp), new heating, new air. Currently vacant, great opportunity to start your own business. Great for a retailer, restaurant, dollar store or grocery store. The property sits on the corner of S. Baltimore Avenue & E. 92nd Street, with easy access from the CTA, Skyway and S. Lake Shore Drive and next door to Metra.
Bring back to life this historic 14,256 sq ft on the busy shopping Halsted strip. This building is located in the West Pullman community which is filled with a long heritage of agriculture, factory production and transportation. There is plentiful transportation options, including easy access to Metra, I-57 and I-94. Currently zoned as B3-5 and has a daily traffic count of 18,735 this is a perfect location for innovative real estate development. Owner has added a new roof that less than two years ago and is still under warranty that will be passed on to the new owner.
Convenient and easily accessible location - Less than 1/4 mile from I-90/94 - 2 blocks from Mayfair Metra station. Property is located in a rapidly developing area, just north of six corners intersection of Irving Park, Cicero & Milwaukee. Highly visible and highly trafficked location with curb cut on Cicero Avenue. Well suited for retail, medical, office or multifamily / mixed use development. Building is in shell condition providing a clean slate opportunity
Fully lease 4-unit mixed use building with coffee shop on long term lease in both retail level units and 2 residential units on the 2nd floor with shared outdoor / deck space (One 1 bed/1bath and One 2 bed / 1 bath with laundry). Solid NOI and newly rehabbed retail level. Located in a great high-density neighborhood. Close to strong retail areas and within a few blocks of public transportation.
Huge one story building with plenty of potential. Can be used as office, retail, car/ auto body shop, etc. Has 2 overhead 10-Foot garage doors and 5 parking spaces in the back. Close to CTA blue line and close to retail traffic on Kedzie.
This income-producing property in Washington Heights is a dream come true for investors seeking a stable and profitable addition to their portfolio! This beautifully maintained 6-unit building boasts spacious 2-bedroom, 1-bathroom apartments, each featuring a formal dining room and an enclosed back porch. Enjoy peace of mind with a recently updated Rubberized Aluminum coated roof (under 10 years old!) and completely updated electrical systems throughout the building. Five out of six units are currently occupied by reliable tenants who have called this building home for over 4 years. The current rents are well below market value. A detached 4-car garage provides additional income potential or extra storage space for your tenants. Additionally, the common space is well-maintained and inviting, creating a positive first impression for potential renters. Check it out today.
Actually Two (2) City Lots 50x106 3341-3343 N. Western Avenue That Allows Mixed-Use With 5 Parking Spaces. Owner Occupied & Potential Gross Annual Rent $75,000 (1st FL $2500/2nd FL $1900/3rd FL $1850) & Additional Income From Bar/Lounge With Annual Expenses $23,438.
Introducing a prime investment opportunity at 4412 W Belmont Ave, Chicago. This 3,000 SF building, constructed in 1920, offers enticing potential for multifamily/low-rise/garden and mixed-use investors and owner users. Boasting 2 units, this property features a 2-car garage, spacious backyard area, a newer roof, and an updated heating system. With a favorable C1-1 zoning, this property presents a strong foundation for maximizing rental income and long-term growth. Don't miss your chance to capitalize on this well-positioned asset in a sought-after Chicago location.
Spectacular renovated investment building now graces the market, offering an exceptional opportunity to own a modern building that promises to deliver impressive returns. This property includes four beautiful (4) apartments and a huge storefront. This beautifully renovated mixed use brick building has separate central AC, furnaces and water heaters for each unit. There are two 2-bedroom and 1- bathroom apartments and two 3-bedroom and 1- bathroom apartments. The building boasts wood finishes and beautiful exposed brick throughout which make these rentals warm and cozy. Schedule your showing soon!!!
Prime commercial unit for sale! Immediate availability in a high-visibility location, visible from Dan Ryan. Just off the 31st St exit, ideal for retail, service, or office space. Proximity to Chinatown, White Sox Park, Downtown, and IIT make it a strategic investment. Don't miss out on this bustling opportunity!
The property located at 8031-35 S. Drexel Ave. in the Chatham neighborhood of Chicago, Illinois, represents a significant investment opportunity within the real estate market. This 12-unit residential building, fully renovated in 2014, offers a balanced mix of one and two-bedroom units, all benefiting from a subsidy arrangement with the Chicago Housing Authority (CHA). The property is under a 30-year contract with CHA, ensuring stable and secure revenue until at least 2044. Renovation: Full gut renovation in 2014 Units: 12 total 6 one-bedroom/one-bathroom units 6 two-bedroom/one-bathroom units Subsidy: All rents subsidized by CHA Contract: 30-year agreement with CHA, initial term until 2044 Financial Overview Purchase Price: $892,000 Cap Rate: 8.75% Net Operating Income (NOI): $78,067 Gross Rent Multiplier (GRM): 5.79 Investment Highlights Stable Income Stream: The CHA subsidy and long-term contract offer a secure and predictable income, minimizing vacancy risks and financial fluctuations. Favorable Financial Metrics: With a cap rate of 8.75% and a GRM of 5.79, the property presents a compelling investment opportunity, indicating strong income potential relative to the purchase price. 8031-35 S. Drexel Ave. offers a unique and lucrative investment opportunity in the Chatham neighborhood of Chicago. With all rents subsidized by CHA, a favorable unit mix, and solid financial indicators, this property is well-positioned for investors seeking stable returns and long-term capital growth. The recent renovation and ongoing CHA contract further underscore the attractiveness of this investment, promising a blend of immediate income generation and future value appreciation.
GREAT OPPORTUNITY! 2 unit - mixed use property on the corner lot in Humboldt Park! Needs updating of apartment rental unit of 1500 sq ft. Long standing first floor commercial tenant lease $1350 with two year remaining that would love to stay. Rent is under market because no increases over the last several years. There are many developments by both the city and private investors happening in the immediate area. There are NO city code violations on property. Property being sold "As-Is"
Great retail space now available in the Galewood/Oak Park North Ave business corridor. This property is being sold AS IS. Approximately 1800 square feet of space that is ready for your custom retail buildout. There is convenient customer parking in back lot that comes with the sale. Good location next to Serrelli's Finer Foods and across from Wonder Works Children's Museum and just one block up the street from the new Urban Lofts apartment complex.
Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.63% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)
Welcome to an exceptional opportunity in the neighborhood of Belmont Cragin, presenting a versatile 7,500 square feet of retail with parking in the rear of the lot. Located on at the corner of Addison Street and Nagle Avenue-block end to end, just west of Austin Avenue. This property offers a blend of lucrative tenancy and enticing vacancies for potential expansion, lease, and owner operations. Spanning an expansive 7,500 square feet of, sitting on approximately 11,337 square feet of land with 123' feet frontage on Addison Avenue, seeing 17,724 vehicles per day. This property is zoned B3-1 and provides ample space to accommodate diverse business ventures. The layout includes a total of four tenant spaces along with two vacant areas, strategically designed to maximize functionality and profitability. Strip center with 4 spaces. Tenant 1: Automotive business occupying 2,800 SF. Equipped with a convenient drive-in door, this space caters to the automotive industry's demands with efficiency. Tenant 2: Another automotive enterprise encompasses 2,300 SF, also facilitated with a drive-in door. With two vacant adjacent spaces with approximately 900 SF and 1500 SF ready to be customized according to the discerning needs of prospective tenants, this property offers endless possibilities for expansion and diversification. Whether for additional automotive services, retail ventures, or office setups, the vacant areas present an enticing canvas for entrepreneurial endeavors. Please do not disturb businesses.
The median home value in Chicago, IL is $355,000. 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 $355,000. 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.