Chicago IL Real Estate & Commercial for Sale

GREAT INVESTMENT! FULLY RENTED 5 UNITS (WITH POTENTIAL FOR 6TH GROUND UNIT/IN LAW UNIT)! RECENTLY REHABBED 2 BUILDINGS ON THE SAME LOT! FRONT BUILDING HAS 2 UNITS (POSSIBLE 3RD)! BACK BUILDING HAS 3 UNITS! 4-2 BEDROOMS UNITS AND 1-3 BEDROOM UNIT! TENANTS PAY FOR GAS AND ELECTRIC! TENANTS IN 3 UNITS ARE THE LONG TERM TENANTS! 2 UNITS JUST RENTED! INCOME COULD BE HIGHER! BUILDING IS CONVENIENTLY LOCATED CLOSE TO THE STORES, HIGHWAYS AND PUBLIC TRANSPORTATION!

Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. The property currently operates at a 5.7% CAP rate, with a strong Net Operating Income (NOI) of $97,571. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $131,120 and corresponding CAP rate of 7.6% when new rents are put in place. With its newer construction, prime location, versatile floor plans, and the potential for future rent growth & value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.

Seven unit center-entrance Greystone apartment building located in the heart of Chicago's booming Uptown neighborhood. Near multiple public transportation options and surrounded by several new-construction apartment buildings. The property features (6) 3Bd/2Ba units as well as a 1Bd/1Ba garden unit. All of the units feature tenant paid forced heat and dishwashers. The property has a 2-car garage and 3 surface parking spaces. Newer electric & mostly copper plumbing, and all of the furnaces have been replaced within the last several years. Current rents are well below market levels.

Amazing opportunity to own this 22,355 SQF free standing building. Three separate PIN numbers and addresses make it ideal to occupy or lease individually. EPA phase I and II have been completed and passed October 2023. New roof installed 2019. Excellent shipping and receiving set up with 3 doc doors. Great demographics, conventionally located near main streets and highways. Next to strip shopping center and many new developments in the area. Some of the permitted uses include general manufacturing, industrial class one, freight terminal and movement, car wash, vehicle sales, repair shop and storage warehouse.

Prime commercial corner property successfully run as a neighborhood street level retail center with longtime laundromat, nail salon and beauty supply tenants. This 4,800 SF freestanding three unit building produces an 11.6% current cap rate and has 148 ft 71st Street frontage. The building is 100% occupied and each tenant just signed new three or five year leases. Located in Park Manor area of the Greater Grand Crossing community 9 miles south of the Loop. Easy access to the Edens Expressway and The Skyway. Nearby intersection has 25,000+ VPD. Zoned B3-1 - Community Shopping District. Located in the 67th/Wentworth TIF District and in a Neighborhood Opportunity Grant district.

First time on the market in over 50 years! Great investment opportunity awaits in the heart of the highly desired Andersonville neighborhood! This is a corner mixed-use building located on two very busy streets Foster and Ashland, with great foot traffic and close to public transportation, shops, and restaurants. The building currently has 2 office retail spaces on the 1st floor and 4 apartments on the second and third floors, and an unfinished basement. Each office has a kitchen and half bathroom and each apartment upstairs has 3 bedrooms, a kitchen, and one bathroom. There are 7 separate electric meters in the basement. The heating is gas and the gas boiler was replaced in 2020. The back staircases and porches were replaced in 2007. The roof was replaced in 2014. The law firm that's on the 1st floor will be vacating the building end of May so the building will be delivered fully empty and ready for your remodeling ideas and the opportunity to turn the two offices into apartments if you prefer to do so. Sold As Is!

This mixed-use building on busy Ashland with multiple income streams and a desirable location presents an attractive investment opportunity with the potential for long-term growth and profitability. It combines the convenience of a storefront with the comfort of a 3 bedroom apartment on the second floor. The 3-car garage ensures ample parking, eliminating the hassle of searching for street parking and potentially providing added income. There is a partial basement for extra storage. The building is being sold AS IS

GREAT OPPORTUNITY! 2 income producing STOREFRONTS in sought after area. Located in Archer Heights, off busy, high traffic Archer Avenue! Zoned C2-1. 15 Parking Spaces in the Rear of the building! Property currently rented as a gym. A MUST SEE!

Excellent owner/investor opportunity! Main level w/ offices, conference & waiting room & 2 bathrooms. Approximately 570 SQ. FT. of storage/warehouse space. Private parking for 4 vehicles. 2nd level consists of a 6 room, 3 bedroom updated apartment. Eat-In kitchen , Dinning area & other amenities. Separate utilities , G/F and AC on both floors. High visibility location.

Amazing Eight Unit Mult-Family/Mixed Use Property on Oversized Chicago Lot comprising of Six Residential Apartments and 2 Commercial Storefronts in coveted North Center/St. Ben's/Coonley School District!!!!! Six out of the Eight Units have been gutted to the studs. The property consists of 2 Spacious One Bedroom Apartments with 1 One Bedroom Fully Updated and 4 Fully Updated Studio Apartments along with 1 Fully Updated Commercial Storefront and 1 Additional Storefront. High Quality existing Commercial Storefront Tenants. All units have separate HVAC, separate hot water tanks for specific units and all tenants pay their own utilities. Updated Mechanicals, HVAC Systems, Electrical and Finishes in the majority of the units. Recent Roof Tear Off, Parapet Wall Tuckpointing including lintel replacements, rear stairway upgrades, updated Common Areas with Separate Common Coin Laundry Room and resided 2 Car Garage for additional income. Perfect for the owner-occupied investor, Buyer who is looking to operate their own business or long term buy and hold. Low Taxes as Well!!! Property is Being Sold As-Is!!!!

Nine apartments all of which are fully rented, five offices three of which are rented, one large hall that is used for parties or meetings as needed and two store front which are vacant at this time. Hall has two bathrooms and 10 parking spots that rented to the tenants, The potential for growth and value appreciation is significant for someone who has a vision. Prime location, walking distance to a variety of restaurants and retailers as well as a CTA bus stop.

Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and separate electrical meters. Phenomenal opportunity for an investor to increase rents by remodeling the remaining units and occupying with subsidized or market rate tenants.

Discover the potential of 5920-22 W Irving Park Rd, Chicago, IL 60634. Nestled in the dynamic Irving Park neighborhood, this former liquor store and adjoining laundromat offers a rare chance to shape a commercial haven in Chicago. Spanning 7,300 sq ft building on a highly visible corner lot, it's an ideal setting fora mixed-use multi-family or stand alone restaurant, retail or service-based ventures. Currently heavy power, water and gas already to the site. Additionally, sample plans and elevations are available for an exciting mixed-use development, encompassing one commercial space and eight residential units, promising a blend of functionality and style. Strategically located amidst a dense mix of residential and commercial properties, the site benefits from constant foot traffic and ample street parking. The vicinity boasts a rich assortment of dining, shopping, and service outlets, including the renowned Giordano's Pizza, fostering a vibrant community atmosphere. Ease of access is guaranteed with proximity to the CTA Blue Line, multiple bus routes, and the Kennedy Expressway (I-90), simplifying commutes for customers and staff. Plus, with a $150k SBIF Grant currently available and potential eligibility for a TIF Grant from the City of Chicago, thanks to its location within the TIF Corridor, seizing this exceptional opportunity has never been more attractive. Build your multi-unit building now.

Near lighted intersection - Belmont Ave / Oak Park Ave in the Schorsch Village neighborhood of Chicago - Fully leased, well maintained (approx.) 6,500 sf multi-tenant neighborhood corner retail strip. Ideal for the long term investor or for redevelopment. 80 feet of storefront on high traffic Belmont Ave. Approx. 10,137 Sf lot. Some parking in the rear. Surrounded by a diverse mix of residential, retail and office: Family Dollar, Insurance, Real Estate, Walgreens, restaurants, condos and single family homes.

* 5 unit building with 4 residential and 1 commercial space * Two 2 bed / 1 bath and two 1 bed / 1 bath with decks * Residential units have had many updates including kitchens and baths as well as washer and dryers in units * Retail operated as longstanding bar/restaurant * Business included in sale * Licenses included: Incidental, Retail food, patio and PPA * Occupancy 99 inside, 40 outside * Main room has full bar with beer taps, DJ booth, dining area, fireplace and 2 multi-stall bathrooms * Kitchen has hood and black iron for full dining operation * Full basement with coolers, storage, prep, office and more * Additional garage area with large walk-In cooler and room for parking or more storage * Roof updated in last 5 years and mechanicals updated within 3 years * Short walk to Division Street Blue Line stop and 1/4 mile to Kennedy expressway * Area tenants include Jimmy Johns, Target, Milk and Honey, Collectivo, Cheba Subs, Fat Pour, Fed Ex, Rainbo Club

A brand new 2-story retail plaza , features total 48 retail spaces, 74 parking spaces, 2 loading zones; located at heavy traffic interaction of Archer Ave and Canal Ave, on the edge of expanding Chinatown area. It is ready for occupancy. Many businesses have already moved in. This space has endless possibilities and can be used for a variety of businesses. Unit sqft 1,221.

Single-story commercial building for sale in Old Irving Park. Excellent signage and visibility on high traffic Irving Park Road (29,700 Vehicles per Day). Former dental office with large reception, offices, and large kitchen. Located next to attractive new library and apartments. Short distance to public transportation and I-90. Street parking is available. Well populated neighborhood, nearby Albany Park, Mayfair neighborhoods.

Single-story former medical/office building for sale in Old Irving Park. Excellent signage and visibility on high traffic Irving Park Road (29,700 Vehicles per Day). Former dental office with large reception, offices, and large kitchen. Located next to attractive new library and apartments. Short distance to public transportation and I-90. Street parking is available. Well populated neighborhood, nearby Albany Park, Mayfair neighborhoods.

Extremely unique, fully renovated solid masonry construction 7-unit Multi unit property in hot and still appreciating Pilsen. Building includes (5)-2BR/1Bath apartments + (1) Coach house 3BR/2Bath + (1)-1BR/1Bath. Building completely rehabbed in 2014, new electrical, new plumbing, new bathrooms and kitchens, all separate utilities, common laundry room with tenant storage lockers. Professionally managed armchair investment with NO deferred maintenance. Opportunity to increase rents, including possible duplex up 3rd Floor unit to the top floor attic, refrigerant lineset in place, ready for central A/C upgrade in 6 units. The massive coach house has tall cathedral ceilings, central A/C, in unit W/D, perfect for owner occupied unit. Just a few short blocks to awesome restaurants, bars, grocery stores, California Pink line L stop and short drives to highways and downtown.

This multifamily real estate opportunity is in the Groveland Park neighborhood of Chicago. The subject property of 623 East Groveland Park is located 6.3 miles south of Chicago's downtown Loop area. The property is in an exclusive gated community along the shores of Lake Michigan. The unit mix for this property includes six three-bedrooms / one-bathroom units that measure 1,100-1,200 square feet. The units have open floor plans and are newly renovated with modern finishes. The units feature stainless steel appliances, dark hardwood floors and fresh paint. The building has been well maintained through the current ownership. Recent capital improvements include new plumbing, electric, HVAC, roof and other quality finishes around the property. There is also on-site laundry for additional income for the new owner. Parking and storage are currently included in the rent for the tenants.

Discover the unparalleled potential of 7920 S Greenwood Ave, a remarkable 12,500 square foot gem nestled in Chicago's vibrant Chatham community. Formerly an adult day care center, this awe-inspiring facility underwent a breathtaking transformation in 2021, evolving into a dynamic hub tailored to meet the diverse needs of multiple businesses, spanning technology, hair/skin care product manufacturing, and consulting. Step into the southern side of this extraordinary space and be greeted by two meticulously renovated office spaces, complemented by a brand-new office exuding contemporary elegance. A revamped mail room/IT room sets the stage for seamless operations, while a transformed library now boasts a state-of-the-art multimedia conference room, designed to inspire collaboration among teams of 8-12 visionaries. Indulge your senses in the southern realm's culinary haven-a fully equipped kitchen beckoning culinary creativity. Across the expanse, an airy open room hums with artisan manufacturing prowess, adjoined by a capacious garage that will house over 10 cars, effortlessly accessed by a roll-up door. Completing this sanctuary are two lavishly appointed bathrooms, adding a touch of luxury to every corner. Journey to the northern side of this architectural masterpiece, where two expansive offices await, each a sanctuary of productivity and innovation. A revitalized welcome area/lobby greets guests with sophistication, while a sprawling open space beckons as the perfect canvas for transformative conferences or additional office sanctuaries. This wing also houses two additional bathrooms, alongside raw, unrenovated space ripe with potential for conversion into co-working paradises. Bask in the glow of recent updates-a meticulously repaired roof, meticulous tuckpointing and masonry work, plumbing enhancements including a new water heater and four gleaming toilets, and the installation of some new doors, elevating the ambiance of the conference room and lobby with an air of contemporary chic. Envision the limitless possibilities of this extraordinary space, originally envisioned as a beacon for entrepreneurial spirits, startups, and non-profit entities seeking to carve their path to success. This Property is Being Sold As Is, this unparalleled opportunity invites you to step into a realm where dreams are born and greatness is realized.

Investors to the front! Excellent rental upside. Rehabbed in 2017 6 unit mixed use building. One storefront, two 3 bed 1 bath and three 2 bed 1 bath contemporary apartments with eat in kitchen, living room and dining room. New front facade. Hardwood floors. All units have central air and heat. Individual hot water tanks. Thermopane windows with mini blinds. Coin op W/D in basement. Individual storage rooms. Security buzzer system. Large decks for rear units. Sunny and Bright! Eat in kitchens with custom cabinets. Stainless steel kitchen appliance package. Self cleaning oven with convection. Dishwasher. Built-in microwave. Garbage disposals. Bathroom includes modern vanity + medicine cabinet with modern lighting. 3 parking spaces. Long term commercial tenant has lease until 2026. Walking distance to tons of bars and restaurants. Close by the park, easy walk to Chicago Ave/Division St Buses.

6334-40 North Clark Street is a 2-story mixed-use investment property with three (3) street level retail units, leased by Gracie O'Malley's, a popular Chicago Bar with three downtown locations (Edgewater, Wicker Park, and Six Corners), Sauce and Bread Kitchen (SBK), and Co-op Sauce. Sauce and Bread Kitchen (SBK) owns and operates Co-op Sauce and the two adjacent suites are on the same lease. The apartments are comprised of twelve (12) residential units consisting of one (1) Studio unit, five (5), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, two (2), 3-Bedroom/2 Bathroom units, and one (1), 4-Bedroom/2-Bathroom unit. The Property also features a detached four bay garage, which can generate additional revenue. The property benefits from rehabbed commercial spaces, updated plumbing and electric, and a brand new tear off completed in 2024. With strong commercial tenants and 100% occupancy on the apartments, this stable investment presents plenty of additional upside.

Includes Storefront and Apartment! Unlock endless possibilities for your business at our exceptional commercial property located in the heart of Chicago. This strategically positioned space offers unparalleled visibility and accessibility, making it the ideal choice for businesses aiming to thrive in a dynamic urban environment. This space has a storefront retails space and a 2-bedroom apartment perfect for owner occupancy. The apartment features hardwood floors and maple cabinets. This property also features a basement and 2 car garage. Schedule you're showing today!