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.
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.
3428 S. King Drive is a beautiful six (6) flat Greystone building in Chicago's Bronzeville neighborhood. The building provides easy access to downtown and is located just a few blocks from Lake Michigan. 3428 S. King is a unique opportunity to obtain a cash-flowing mixed-use property in one of the most desirable pockets of Chicago's south side. The building is comprised of two (2) master lease retail units, two (2) 3BD/2BA & two (2) 4BD/2BA. Recent improvements to the building include but are not limited to: gut renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and an abundance of tuckpointing and masonry work. From day one, a new investor will realize a cap rate exceeding 9% and cash returns approaching 15%. The retail units have master leases signed that extend through 2027. Through optimizing expenses and raising rents to levels already achieved throughout the building, a new investor can realize a cap rate over 10% and cash returns approaching 19%.
Come see this sunny and spacious building that overlooks Levin Park and playground. Well-maintained brick building built in 1921 with seven apartments. Five 2 bedroom 1 bath, one 1 bedroom 1 bath and an "owners unit" studio with a private deck that just must be seen. HVAC in every unit for tenant paid heat. Hardwood floors throughout. Also a detached four car garage, excellent backyard and deck and a huge dry basement. Add this to an existing portfolio or get started in the business with this very solid building. Property is being sold as is. Proof of funds required.
First time ever on the market! Recipient of the American Institute of Architects' Distinguished Building Award in 1998, this truly one-of-a-kind contemporary live/work space in the heart of Bucktown was designed by renowned architect Wheeler Kearns. Custom designed and built for the owners with form + function in mind, this double lot duplex architectural stunner houses both offices and personal residence with 3 bedrooms, 2 full bathrooms, powder room, and wet bar/coffee station within towering 11+ foot raw concrete ceilings and exposed industrial chic ductwork and pigmented floors throughout. The street side of the property serves as a fully functioning creative office (4 large offices, library, conference room and dual seating areas with windows outfitted with both blackout + light-diffusing shades), while the north side (or back side) serves as the private residence with an expansive open plan living/dining room and kitchen with huge window facing the private garden. Both spaces showcase open air steel staircases and custom furniture designed to complement the dramatic and oversized MDF pivot doors that ingeniously divide the office from the living space. Groundbreaking design and use of space, this unique building can be kept as is - an ideal live/work situation for an architect, photographer, or other creative agency, as it has served for the last almost 30 years, easily converted to a sprawling full single-family home, or one very cool commercial space. The options are endless and the design timeless. Currently zoned B3-2 and ideally located steps from the Milwaukee or Damen CTA stops, I-94, Bucktown shops and restaurants, and the 606. Landscaped garden oasis, fire pit, seating area, 2+ car garage with storage room, and engineered to build up. Loads of wow factor and value-add. WELCOME HOME.
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.
Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms and fixtures. Additionally, the building features new horizonal risers and vertical risers, new windows, new concrete sidewalks and parking pad in rear, newly painted and carpeted stairwells and new boiler ( Dec 2023). This property is turn key and will be an excellent investment for any buyer.
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.
7250 S Yale Ave is conveniently located in the Greater Grand Crossing neighborhood of Chicago's South Side. Only 2 blocks east of beautiful Hamilton Park and just 2 blocks west of the entrance and exit ramps to I-94, which is the main north-south Expressway running through Chicagoland. This location also puts this building almost exactly halfway between the mass transit light rail Red Line stops at 69th St and 79th St. Chicago's public CTA bus lines run east-west along 71st St. and 75th St. This 7-unit rental building features 6 -3 bed/1 bath units and 1 - 2 bed/1bath Garden unit. Broker does not warranty the legality of the 7th unit. While these units currently bring in approximately $88,000 in Gross Income, there is room for upside as pro forma rents could boost the income to over $106,000.
Welcome to the ultimate blend of business and pleasure! This five-bedroom apartment with a storefront is your ticket to passive income paradise. With five spacious bedrooms, this building offers ample living space for both you and your tenants. Whether you're an entrepreneur looking to expand your portfolio or a savvy investor seeking lucrative opportunities, this property is a golden ticket to financial freedom. Located in a vibrant, growing area, this gem is poised for success. Watch your investment blossom as the neighborhood flourishes, attracting more customers and tenants alike. Don't miss out on this chance to turn your dreams into reality and let passive income pave the way to prosperity!
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!!!
Excellent opportunity to give your business exposure on busy 63rd ST with great traffic count! This property is ideal for a growing business. Commercial space is nearly 2000sqft with a great open layout, 2 baths, and access to backyard. Full unfinished basement for additional storage. 2nd floor is a 3 bed 2 bath apartment ready for your finishing touches. Large backyard with 1 car brick garage. Recent upgrades include: NEWER FURNACE, NEWER PLUMBING, NEWER ROOF. Zoning allows for a variety of businesses. LOW taxes and great rental income is ideal for any small business looking to expand! Schedule your showing before it's gone.
Ravenswood Office Building for lease or sale directly across from the Metra UP-N station. The building is comprised of 47,266 square feet on 29,284 square feet of land and offers 3 to 6 parking spaces onsite. The first floor is made up of 28,047 SF and 2nd is 16,137 SF. There is also 3,248 SF available on a partial 3rd floor. Easy access to public transportation options including two Brown Line CTA stops (Damen & Montrose) and the Metra. Nearby amenities such as Mariano's, Cultivate by Forbidden Root Brewery, The Raven Room, Gold Nugget Pancake House and more.
Awesome Storefront in an awesome Location. Just west of downtown and the west loop. This location in the medical district offers the value of location, location, location. With over 1600 sq ft. of space that can be customized, an additional 1200 sq ft. of basement storage, clear visibility from the street and plenty of street parking, this is the perfect space for many business types.
PERFECT FOR OWNER OPERATOR! $35K INCOME-UP AND GOING BEAUTY SALON INCLUDED WITH SALE OF THIS SOLID BRICK BUILDING FOR ONLY ONE PRICE. FULLY-EQUIPPED SALON ON 1ST FLR., 3 BEDROOM APARTMENT WITH UPDATED KITCHEN & BATH ON 2ND FLR. ADJACENT LOT ALSO INCLUDED. OWNER WILL ALSO SELL AS A PACKAGE W/5145 DIVISION FOR A DISCOUNTED PRICE! OWNER LIQUIDATING PORTFOLIO WHICH INCLUDES 5135 DIVISION & 5256 CHICAGO-FOR SMART OPERATOR
GREAT OPPORTUNITY FOR BUSINESS OWNER/OPERATOR! 1250 SQ. FT. OF RETAIL SPACE ON 1ST FLR. BASEMENT FOR STORAGE. LARGE 3 BEDROOM APARTMENT ON 2ND FLR. WITH UPDATED KITCHEN & BATH. CAN BE PURCHASED TOGETHER WITH '5145 DIVISION' FOR EVEN GREATER SAVINGS! RENTS ARE BELOW MARKET!
This two story mixed use building is ideally situated on a corner lot in the heart of Austin! Building consists of 6 residential apartments and 2 stores and currently generating $75,600. 3-1bed/1 bath and 3-2 bed/2 bath. All are currently occupied. Gross rent multiplier of 6.6!!!
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.
**Prime Office Space Available!** Elevate your business with this exceptional property in the heart of Ukrainian Village. Featuring 1500 square feet of Grade A quality space, this office is equipped with 4 spacious rooms including a kitchen and bathroom with shower facilities. Enjoy the convenience of a private foyer entry, central air, washer/ dryer in unit, and ample storage space. With its prime location and versatile layout, this property offers endless possibilities for your business needs. Don't miss out on this opportunity - inquire now!
Great investment store front building in the heart of Belmont-Central area. The building is zoned B3-2 and consists of three individual stores (approx 1250 SF each) within two parcels totalling approximately 3750 SF of building space on a 50x126 lot. 3131 is rented through September 2025 and 3135 & 3137 are leased through December 2028 with interest in future renewals. Please allow 48 hour notice for listing agent to accompany showings.
Clean and updated 7 unit building. Large storefront and 6 apartments. Storefront remodeled a year ago and has newer bathroom and furnace. Six apartments above which are easy to rent. Close to transportation and business. Easy to manage, just hold and collect your rent. Show and sell.
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"
Spacious long time ownership West Ridge Corner building with 11 Apartments and 9 Parking spaces.. Jumbo apartments consisting of 7 -2BDRM 1BTH 3-3 BDRM 1.5 BTH and 1 Studio...Laundry Room with 2 washers and 2 dryers Owned and storage rooms and 9 parking spaces Newer 3 years Rubber roof with Silver coating...Boiler and H2o Tank replaced approx. 8-10 years ...Apts have hardwood flooring under carpet...Updated Back porches... Rents are below market a lot of room for increase.... Parking is included in rent... Sold in as is Condition...Owner retiring... Showings only WEEKDAYS BETWEEN 1-4 pm building is fully occupied... for appointment use Showing Assist Please.
Chicago is located in Illinois. Chicago, Illinois has a population of 2,722,586. Chicago is less family-centric than the surrounding county with 27.56% 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 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 is 34.1 years.
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.