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.
Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 10 years old. Cash buyers only. Building needs work and is sold "As is".
Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 10 years old. Cash buyers only. Building needs work and is sold "As is".
Wow, Discover this long-established automobile repair business, now available with a significant expansion completed in 1985. The newer addition includes 5 doors (4 doors measuring 10' x 8' 8" and 1 oversized door at 10' x 12"), offering double bays for a total of 10 bays and 6 automobile lifts. This was a major upgrade to the facility, providing ample space for vehicle service and repair. The building spans approximately 5,000 sq. ft. and sits on a generous 6 city lots (18,168 sq. ft.), offering plenty of space for operations. Key features include a rooftop heating and A/C unit installed just 4 years ago, an indoor heater in the repair shop, and all three roofs were replaced in 2020. The sale includes not only the real estate but also all equipment and inventory. The shop is fully equipped with a tire machine, tire balancer, several diagnostic computers, retractable air hoses in each bay, a new 1234yf A/C machine, a fully stocked Snap-On tool box, and numerous other tools and equipment essential for smooth operation. The building also features a professional office suite, a welcoming waiting room, and a well-organized stock room. Additionally, there is a large training classroom that can be customized to suit the new owner's needs. The spacious parking lot, along with a separate storage lot on the side of the building, ensures plenty of room for vehicles. This well-maintained facility is ideal for multi-purpose use and is easy to show. Note: No sign on property. Schedule your tour today and explore the endless possibilities this turnkey business and property offer. Please do not walk the property without prior confirmation. See attached "Specialized Equipment & Inventory List" that is included in sale!
Wow, Discover this long-established automobile repair business, now available with a significant expansion completed in 1985. The newer addition includes 5 doors (4 doors measuring 10' x 8' 8" and 1 oversized door at 10' x 12"), offering double bays for a total of 10 bays and 6 automobile lifts. This was a major upgrade to the facility, providing ample space for vehicle service and repair. The building spans approximately 5,000 sq. ft. and sits on a generous 6 city lots (18,168 sq. ft.), offering plenty of space for operations. Key features include a rooftop heating and A/C unit installed just 4 years ago, an indoor heater in the repair shop, and all three roofs were replaced in 2020. The sale includes not only the real estate but also all equipment and inventory. The shop is fully equipped with a tire machine, tire balancer, several diagnostic computers, retractable air hoses in each bay, a new 1234yf A/C machine, a fully stocked Snap-On tool box, and numerous other tools and equipment essential for smooth operation. The building also features a professional office suite, a welcoming waiting room, and a well-organized stock room. Additionally, there is a large training classroom that can be customized to suit the new owner's needs. The spacious parking lot, along with a separate storage lot on the side of the building, ensures plenty of room for vehicles. This well-maintained facility is ideal for multi-purpose use and is easy to show. Note: No sign on property. Schedule your tour today and explore the endless possibilities this turnkey business and property offer. Please do not walk the property without prior confirmation. See attached "Specialized Equipment & Inventory List" that is included in sale!
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.
Attention investors, building in good condition and generating good income in a very quiet block , everything is rented
LARGE CORNER LAND PARCEL. USE AS EXISTING OR CONVERT (OR TEAR DOWN) 2 BRICK BUILDINGS - CURRENTLY A 2 LEVEL CHURCH WITH 3 LEVEL SCHOOL BUILDING WITH BANQUET HALL AND FULL KITCHEN IN LOWER LEVEL. APPROXIMATELY 12,000 SF. PROVIDES FOR ABOUT 180 ATTENDEES. PLENTY OF PARKING. CONSISTS OF 6 CITY LOTS 152 X 126.50. PROPERTY NEEDS UPDATING OR PERFECT DEVELOPMENT OPPORTUNITY. CURRENT ZONING RS-2. MINUTES FROM SHABBONAH PARK WHICH OFFERS AN INDOOR POOL. BORDERING BETWEEN BELMONT/CENTRAL, SCHORSCH VILLAGE, AND PORTAGE PARK NEIGHBORHOODS. SOLD AS IS. ADDITIONAL PIN IS 13-20-308-036-000
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.
4355 SF classic vehicle repair building for sale. 6625 sf land. 13' 5" clear height. 400 amps power. 6 parking spaces in rear lot. Air conditioned waiting area, office, parts room, break room, and in both bathrooms. Shop has 2 forced air heaters plus rooftop make-up air unit. Built 1950. In excellent condition. C1-1 zoning. Drive-thru capability: Drive-in door on Belmont plus another in rear parking lot. Completely renovated 2017, including new office, waiting room, parts room and 2 ADA bathrooms. New energy-efficient LED lighting. Make-up air / heater unit and dedicated ductwork in the shop reduces utility costs. Spray-in foam insulation in ceiling. Great location in Belmont-Craigin neighborhood on busy Belmont Avenue with 15,701 vehicles per day. Not far from the Kennedy Expressway.
Great investment opportunity in the North Austin community. Mixed use building with one storefront and one apartment with 6 rooms, 3 bedrooms and 1.5 baths. Unfinished basement. Building is all gutted and ready to be rehabbed. Being sold as-is. Detached 2 car garage.
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.
Your opportunity to own a well maintained 6-unit building located in the Greater Grand Crossing neighborhood of Chicago. Minutes away from I-94 Express and Chicago Red Line train station and various CTA Bus stops, which provide the tenant quick access to Chicago Downtown Loop area. The building feature hardwood floors, wrought iron fence, gas boiler less than 10 years old, new roof done in 2024, porch 2 years old, water heater less than 8 years old. The building consists of (3)-2b/1ba and (3)1b/1ba units, additionally, a garden apartment in the basement and a three (3) car brick garage and laundry area in basement. Units on the first and second floors are tenant occupied, third floor units are presently occupied by the owner but could be rented out for potential income. This building will provide investors with a strong cash flow sitting in one of Greater Grand Crossing best pocket areas in Chicago.
5720 S. Michigan is a recently gut renovated six (6) unit building located in the Washington Park neighborhood of Chicago's South Side. Sitting just blocks from Washington Park and bordering the prestigious Hyde Park community, the asset also sits just four (4) blocks away from the CTA Green Line 'El Station,' providing tenants easy, affordable, and quick transportation to and from Chicago's Downtown. 5720 S. Michigan is has an incredibly desirable unit mix comprised of five (5) 3Bd/1Ba units and one (1) 2Bd/1Ba unit. All of which, however, feature hardwood floors, new kitchens with stainless steel appliances and granite countertops, modern bathrooms with ceramic tile, and an abundance of natural light. Additionally, the building underwent a complete gut renovation in 2020, including, but not limited to, new electric service & wiring, copper plumbing, new porches, and individual HVAC units. 5720 S. Michigan provides an incredibly rare opportunity for an investor to acquire a true turn key investment in one of Chicago's most appreciating neighborhoods just outside of Hyde Park. From day one, a new investor will capitalize on an incredibly strong tenant base with an abundance of value add opportunities. Solely by stabilizing the rent roll to what is currently being achieved in the building, there is an opportunity to further increase .
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.
Coming to market for the very first time, this highly cared for 6 unit building is ready for its new owner. Located in the dynamic West Town neighborhood of Chicago, this property presents a great investment opportunity for those looking for steady rental income with huge upside to increase rents. Units have been consistently updated throughout the years. Consisting of (5) 2 bed, 1 bath units, and (1) 1 bed, 1 bath unit, each with its own dedicated laundry. All 6 units have forced air (heat), and 2 units have Central AC. Featuring newer windows at the rear of building (5 years), newer flat roof (5 years). Enjoy rear backyard space along with a 2 car frame garage for extra parking. Property sold as-is.
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.
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.
Three building Portfolio offering on Chicago Avenue in West Town - 1911 W Chicago Ave, 1913 W Chicago Ave & 1919 W Chicago Ave. The properties are fully occupied and include five (5) residential units and three (3) retail spaces between the three buildings. The units have been upgraded but still have value to be added through cosmetic and light construction upgrades. This ideal location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just two blocks from the neighborhood grocery store, Mariano's. This 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.
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.
Calling all the investors and the business owners! NEW CONSTRUCTION located in the heart of Roscoe Village, featuring a commercial retail/ office/ tech space on a 29' WIDE Lot with 1,600 SF interior space. Commercial space features 12' high ceilings with large front floor-to-ceiling windows. Delivered as a vanilla box. Located on a great block with lots of medical offices, restaurants and offices; offering heavy foot traffic and street parking.
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!
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.