Courtesy: United Real Estate-Chicago
630-748-4660
RARE OPPORTUNITY TO ACQUIRE THIS 2,400 SQUARE FEET BRICK DISTRIBUTION WAREHOUSE ZONED B3-2 WITH OFFICES IN THE DESIRABLE WEST TOWN AREA. THIS COMMERCIAL PROPERTY FEATURES 4 OFFICES (3 SPACIOUS OFFICES ON THE 1ST LEVEL & 1 LARGE OFFICE ON THE 2ND LEVEL), STORAGE, WAREHOUSE & 1 FULL & 2 HALF BATHROOMS. CURRENTLY LEASED. RECENT UPGRADES INCLUDE NEW FRONT DOOR IN 2020, NEW HVAC 2021 & A/C IN 2023, NEW WATER HEATER IN 2020, NEW GARAGE DOOR OPENER IN 2024, AND NEW RUBBER ROOF IN 2022. WHETHER YOU CHOOSE TO OCCUPY THE PROPERTY OR INVEST IN ITS FULL POTENTIAL, THE POSSIBILITIES ARE ENDLESS. WITH RENTAL INCOME, THIS INVESTMENT IS SURE TO THRIVE. ENJOY CLOSE PROXIMITY TO GROCERY STORES (MARIANOS), COFFEE SHOPS, ENTERTAINMENT, DINING, METRA & I90.
Courtesy: Kale Realty
312-939-5253
Well-maintained mixed-use or (live-work opportunity) in Lincoln Park offering immediate income with long-term flexibility. The property generates approximately $4,600 per month in gross income, Roughly a 5.7 CAP. The second floor features a fully remodeled designer one-bedroom apartment leased at $1,800/month, with in-unit washer and dryer. The lease runs through the end of May, providing near-term flexibility The ground-floor commercial space offers strong visibility along Ashland Avenue and is on a 5 year lease ending 2031 at $2,800 Major capital improvements already completed: Two furnaces, both under one year old Roof and siding approximately four years old Updated electrical Separate systems improve operating efficiency and risk profile This asset is well-positioned for: An investor targeting stable mixed-use cash flow in a core neighborhood Strong location, meaningful recent upgrades, and clear income make this a clean, financeable mixed-use opportunity.
Courtesy: Century 21 S.G.R., Inc.
312-326-3697
Welcome to this beautifully gut-rehabbed mixed-use building in the heart of Irving Park! Attention investors and business owners! Your fear of investing in a money pit ends here. This property has been meticulously gutted and rebuilt with thoughtful attention to every detail. Enjoy peace of mind with all-new plumbing, electrical, HVAC, a tankless water heater, and top-of-the-line finishes throughout both the commercial and residential spaces. No shortcuts were taken - there is truly nothing to do but move in and start generating revenue. The building is zoned B3-1, allowing for a wide range of commercial uses including salon, office, or retail, making it ideal for an owner-user or investor. Additional highlights include ample gated parking in the rear and a fully-finished basement ideal for storage, with the potential to convert into an in-law suite or expand commercial business if desired. Prime location in the sought-after Irving Park neighborhood, surrounded by new developments, family-owned restaurants, charming local shops, and thriving residential neighborhood. Commuting is a breeze with convenient access to expressways, public transportation, and outdoor enthusiasts will love being near Horner Park with its scenic riverside trail. Sports fans will also appreciate being just 2.5 miles from Wrigley Field. This exceptional property offers endless possibilities in a thriving, growing neighborhood! Schedule your showing today before the market takes it away.
Courtesy: City Living Realty Inc.
708-717-5829
Exceptional mixed-use investment opportunity in the rapidly developing New City neighborhood, just steps from 47th Street and Laflin Avenue. Positioned on a prime corner lot, this property is best positioned as a three-unit building with significant value-add potential, making it ideal for investors or owner-occupants seeking long-term growth. Currently configured as three income-producing units, the building offers a flexible layout that blends commercial and residential uses. The highly visible corner storefront provides strong commercial appeal and consistent foot and vehicle traffic, while the residential units deliver stable rental potential. At the rear of the building, a massive residential unit spanning over 1,600 square feet offers a layout comparable to a single-family home, featuring three spacious bedrooms and two full bathrooms. The unit includes a separate kitchen, formal living room, family room, and oversized dining area, creating an attractive and functional living space for tenants or an owner-occupant. The full basement presents a compelling opportunity for expansion. With substantial square footage and solid condition, the space is well-suited for conversion into an additional garden-level studio unit, allowing investors to easily add a fourth unit and increase rental income and property value (subject to zoning and permits). Owned and operated by the same family for over 20 years, the property has been carefully maintained and offers a rare combination of stability and upside. Located within a TIF district. This is a unique chance to acquire a versatile multi-unit asset with both immediate income and future development potential in one of Chicago's emerging neighborhoods.
Courtesy: Sperry Van Ness
312-676-1866
This property is a rarely available development opportunity along Belmont Avenue in Lakeview, featuring in-place B3-1 zoning that permits 1.2 FAR density with the potential to be up-zoned. The site includes an existing curb cut to maximize building footprint design and is ideal for developers, owner-users, or car collectors. It is situated within highly sought-after CPS school districts and is surrounded by luxury residential housing and new developments. As one of Chicago's most vibrant neighborhoods, Lakeview offers an exceptional blend of residential charm and commercial opportunity. The area attracts a diverse demographic and boasts robust foot traffic fueled by popular attractions and the bustling Belmont Avenue corridor.
Courtesy: Real People Realty
815-469-7449
Come view this wonderful opportunity to own Prime real estate located on South Halsted Street, close to public transportation and to other stores/schools. This solid multi-use building is being used as a church but can easily be converted into a Daycare center or other use. It has (4) one bedroom 1 bath apartments on the second floor that require some updating. The church sanctuary can be converted into a visible business. There is ample parking with the adjacent lot at 9316 -20 S Halsted (which is being sold with the building and has a separate pin). Sold as-is. Additional pins for the lot are listed.
Courtesy: Realty of America, LLC
708-788-1900
Welcome to McKinley Park. This positive cash flow 8-unit building sits two minutes away from I55 and 10 minutes away from downtown Chicago. Walking distance to Target, shopping and restaurants. This massive building host 7 two-bedroom apartments and 1 one-bedroom apartment. Unfinished attic with high ceilings and insulation for your finishing touches. All units have been updated within the last couple of years. 2 of the units have tankless water heaters and the other 6 units have new water heaters. Property also has one active laundry room with an additional room that already has plumbing set up for a second laundry area. Plenty of parking as no residential homes across the street. Several beautiful brick new construction homes on the same block and surrounding area.
Courtesy: Berkshire Hathaway HomeServices Chicago
312-944-8900
Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.
Courtesy: Triton Realty Group LLC
312-788-9379
Mixed-use investment opportunity in Albany Park. Masonry brick 9-unit building consisting of eight residential apartment units and one street-level retail unit. The property is zoned B3-1 and is located within the Northwest ADU Pilot Zone. Building features include electric space heaters, building-owned common-area laundry, a 200-amp electrical service with panels located in the basement, owner-paid electric and water, tenant-paid gas, and a 2-car garage. Recent capital improvements include roof, masonry, and window renovations completed in 2023. Built in 1919 and situated on Montrose Avenue. Sold as-is.
Courtesy: Triton Realty Group LLC
312-788-9379
Value-add mixed-use opportunity in Irving Park. Brick 4-unit property consisting of approximately 500 SF of street-level retail space and three residential units: one 2-bedroom, one 1-bedroom, and one studio. The building is currently shuttered and fully vacant, and is in need of restoration, presenting strong upside for an investor or developer. Property features individually controlled gas forced-air furnaces, central air conditioning, separate electric and gas meters, owner-paid water, and partially unfinished basement. Masonry brick construction with rebuilt wood porches. Zoned RT-3.5. Sold as-is.
Courtesy: Chicago Real Estate Authority
773-968-1110
This is an excellent opportunity for the savvy developer/investor to purchase a nicely-sized and well-zoned parcel situated directly in the path of fast-moving Westward gentrification. Immediately to the West of this location sits the August suburb of Oak Park that is (counter-intuitively) spurring an Eastward gentrification of the neighborhood, which is essentially putting a welcome 'Squeeze Play on this location. Plus, tons of large-scale commercial development is under construction between Central Park and Cicero and I-290 & Chicago Avenue.
Courtesy: Re/Max In The Village
708-386-1400
Welcome to this versatile mixed-use property in the heart of Pilsen! Perfect for investors or owner-occupants, this building offers incredible potential in a prime location. The two spacious three-bedroom apartments each feature two living rooms and dining areas, providing plenty of room for comfortable city living. The 1,000 sq. ft. storefront showcases an open layout with new windows, lighting, and flooring, making it an excellent opportunity for a variety of business ventures. A recently remodeled bath and the option for additional office space in the partial basement add to its functionality. Outside, enjoy a fenced backyard, private porches/decks for each unit, and a two-car garage, with plenty of street parking available for added convenience. Don't miss this Pilsen gem-an ideal blend of residential comfort and commercial opportunity!
Courtesy: Jameson Commercial
312-216-8000
RARE RETAIL INVESTMENT OPPORTUNITY IN CHICAGO'S HISTORIC PRINTERS ROW. 6,645 SF RETAIL SPACE AT THE BASE OF THE POPE BUILDING. FULLY LEASED WITH 3 LONG-TERM TENANTS (MODE, CITY HAUL, KNUCKLEHEADS). CURRENT GROSS INCOME $140,816 WITH NOI OF $68,407 (7.6 CAP RATE). VALUE-ADD POTENTIAL WITH BELOW-MARKET RENTS AND LEASES EXPIRING SOON. PERFECT FOR AN ARMCHAIR INVESTOR OR OWNER-USER LOOKING TO OCCUPY SPACE. LOCATED STEPS FROM THE LOOP, GRANT PARK, AND PUBLIC TRANSIT. AMPLE ADJACENT PARKING AVAILABLE. PROOF OF FUNDS REQUIRED
Courtesy: Keller Williams Preferred Rlty
708-798-1111
A true gem for investors and portfolio builders! This classic Chatham 6-unit building is full of charm, space, and long-term potential. Each unit features formal living and dining rooms, enclosed rear porches, and generous layouts that continue to attract long-term tenants. The property includes a 4-car brick garage, offering additional income potential or owner use. A newer gas boiler has already been installed, addressing a major mechanical upgrade. Significant recent improvements have been completed, including tuckpointing, select electrical updates, interior painting, and general repairs, enhancing both functionality and curb appeal. This is an Estate Sale and is being Sold As Is. Proof of funds required for all showings. Serious inquiries only.
Courtesy: Chicago Real Estate Resources
773-327-9300
17-unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7957-7959 S Muskegon Ave, adding an additional 16 units available from the same seller. 7951 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.
Courtesy: Chicago Real Estate Resources
773-327-9300
16 unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7951 S Muskegon Ave, adding an additional 17 units available from the same seller. 7957-7959 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming Quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.
Courtesy: Cedar Realty
773-549-7200
This iconic corner Terra Cotta Building is hitting the market for the first time in more than twenty years! The gorgeous mixed-use building is a true architectural gem, filled with historic features and a show-stopper facade with beautiful ornaments, but also meticulously maintained throughout time. Located in the East Ravenswood/Andersonville neighborhood, the property gets heavy pedestrian traffic, around 31,000 cars per day on Ashland and 16,000 cars a day on Lawrence, has convenient access to public transit, ample street parking around, and is surrounded by a wide variety of entertainment, restaurants, and shopping spots. There are two great-sized stores on the first floor, 1200 Sq. Ft. each and each has a half bathroom in it, and there is an immaculate basement 2400 Sq. Ft with high ceilings. All new mechanicals and improvements in the 1607 W Lawrence store, including 400-amp electric, dedicated HVAC unit, water heater, sand blasted and sealed exposed brick with historic interior stained-glass window feature. The huge and unique 2bed/2bath (2200 Sq. Ft) unit upstairs was recently renovated while keeping many vintage details like the real plaster/stucco ornaments around the five ceiling fans and the beautiful crown molding. All hardwood floors throughout, and massive size bedrooms with lots of closets, and the master has an antique fireplace. The unit also has a huge kitchen with plenty of cabinets and counter space, washer and dryer, and great flowing natural light. Must See!
Courtesy: Charles Rutenberg Realty
630-929-1100
PRICE REDUCED-BACK ON THE MARKET; Deal fell through due to buyer's financing. Very large commercial space currently being used as a beautiful beauty supply store on one side, nail and hair salon on another side boasting 3,500 square feet of total space. This space consist of a large office, spa and step down, open wide entertainment and party room spaces in the rear. Spacious storage of 6 large closets with such areas for furniture, hair salon products, spa equipment, employee lounge, laundry room, merchandise delivery with rear overhead door for receiving. This property offers private office space, skylights for loads of natural light, 9 beautiful chandeliers, 3 furnaces, (less than 7 years old), 3 A/C units (less than 7 years old), roof (10 years old), electrical and plumbing were updated in 2017. Floor to ceiling large windows in the front accompanied by rolling front shutters offers great security with built-in security system (keyless alarm pads). This property has so many great features and space all in a busy business district. Property has 1 PIN number. The business itself, name or affiliates itself are not for sale, only the building. PROPERTY IS SOLD AS IS.
Courtesy: Choice Realty Group Inc.
773-782-6679
Fantastic opportunity Rogers Park near the lake and transportation. Large office with space on two levels. Two apartments on the second floor, a two bedroom, two bath with a fully appointed kitchen. In unit washer and dryer. Large one bedroom with apartment. Apartments are rented below market, plenty of room to increase rents. Residential units and office are in great condition! Boiler and mechanicals less than 10 years old! Easy to show. Tenants need more lead time to show. Show with confidence.
Courtesy: Charles Rutenberg Realty of IL
630-929-1100
7 Building units gut rehabbed to the highest quality. Newer appliances, granite counters, hardwood floors, tenantn paid heat & electricity. Most baths include walk in showers artfully tiled. First floor laundry room with coin machines available for tenant use. Heavy iron gate protects building on two sides. Corner location allows for easy street parking on Albany. Excellent location minutes from I290, blue line . 7 min drive east to UIC Campus. Fully leased units. Imminently rentable.
Courtesy: Charles Rutenberg Realty of IL
630-929-1100
12 quality fully leased rehabed units in emerging West Humboldt Park Quadrant. Rehab completed in last five years. Features include Tenant paid Heat, A/C and Elect. Stainless steel kitchens with dishwashers , granite counters, restored hardwood floors and generous room sizes. A restored 2 car plus garage is also included, Basement area includes coin laundry facilities for tenants on premises. Building is gated, entrance on Lamon side leads to a private enclosed outdoor space for tenant enjoyment. Fully rented building. Recent improvements include new rear porches, new exterior electrical and roof refurbishing. Minutes from schools, shopping, entertainment, public transportation and expressways.
Courtesy: Parkvue Realty Corporation
312-788-4040
***Attention investors*** Excellent opportunity to add instant equity to this 4-unit mixed use building comprised of (3) 3-bed, 1-bath residential units and (1) commercial store-front. This property has great income potential. Prime location just steps to Ogden Park. Sold strictly as-is. No survey. Buyer to verify and must take subject to any violations/code compliance requirements.
Courtesy: eXp Realty
888-574-9405
Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $149,352 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors.
Courtesy: Compass
312-319-1168
Welcome to 1505-07 N. Dearborn Parkway, a pair of adjacent vintage greystone apartment buildings located in the heart of the Gold Coast, one of Chicago's most prestigious and supply-constrained residential neighborhoods. The properties represent a rare value-add opportunity within a premier submarket where renovated rental inventory is limited and long-term demand remains exceptionally strong. Both buildings feature striking curb appeal, classic greystone architecture, and well-preserved vintage details that resonate with Gold Coast renters. A new investor could modernize apartment interiors, enhance finishes, and capitalize on the unique and desirable floor plans to achieve meaningfully higher rent levels, while preserving the historic character that defines the neighborhood. The properties are offered individually or as a portfolio. In addition, available are adjacent properties at 1511 & 1515 N. Dearborn Parkway, which are currently gutted and present optional upside for a value-add investor or developer. Multiple offers received - Highest and best offers are due by 2/7 and will be presented to sellers on 2/9
Courtesy: Pearson Realty Group
773-325-2800
TURNKEY MIXED-USE OPPORTUNITY: Renovated Bar, Restaurant & Pizzeria + Apartment in Northwest Side of Chicago (BUSINESS + REAL ESTATE) This exceptional mixed-use property at 7455 W Irving Park Rd provides a rare opportunity to acquire a fully turnkey restaurant, pizzeria, and bar in a high-traffic Chicago location. The 4,055 SF freestanding building features a 3,125 SF restaurant and bar space that has been completely gut-rehabbed within the past year, ensuring a stabilized operation with no immediate capital requirements for the buyer. The restaurant's interior is built out for full-service dining with seating for approximately 95 patrons and includes a Chicago PPA liquor license, a dedicated game room for potential future gaming & VGT revenue, and a fully equipped commercial kitchen with newer pizza ovens, prep areas, a walk-in cooler/freezer, and much more. Adding to the investment's value is an attached 930 SF, three-bedroom residential apartment that provides a steady secondary income stream. Situated on a 0.16-acre corner lot with a dedicated 15-car parking area and plenty of street parking, the property benefits from prime frontage along Irving Park Road near Harlem Avenue and Forest Preserve Drive, an increasingly commercialized corridor with strong daily traffic counts, and just blocks away from Harlem-Irving Plaza (HIP) shopping center, where daily traffic counts reach up to 26,000 vehicles. This offering is perfect for an absentee investor or owner-operator looking for a renovated asset in a dense residential area with a high median household income of $92,409. Business and clientele are already in place and running. Please do not disturb the staff, customers, and tenants. Contact Listing Agent for showings.
Chicago is located in Illinois. 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.
