The median home value in Chicago, IL is $312,000.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Chicago, IL is $312,000.
Approximately 40% of Chicago homes are owned,
compared to 48% rented, while
12% are vacant.
Chicago real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Chicago real estate agent to arrange a tour today! Learn more about Chicago.
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
Brick 5 unit building waiting for your ideas. Current layout - 1st floor is 2 duplex down units (4 bed each), 2nd floor - 1 large unit (1 bed) and the 3rd floor is 2 units (2 bed each). Fantastic building that can be transformed into a cash cow! Please note - property sold AS-IS/WHERE-IS, no survey delivered, taxes paid through 2020 - with no tax prorations for the 2021, 2022 and 2023 tax year or years thereafter. The 2021 taxes were sold and will need to be redeemed. Seller attorney drafted Seller rider is attached and is required to be signed by all parties. A $5,000 non-refundable earnest money deposit is required.
5140 North Clark is a four-unit mixed-use building located in the heart of Chicago's Andersonville neighborhood. The property was built in 2007 and consists of three 1,800 square feet three bedroom/two bathroom units, a 1,400 square feet retail space, and four parking spaces. The retail space has been occupied by Unchartered Books since 2019. The apartments offer new hardwood floors; new kitchens and bathrooms; in-unit laundry; individual HVACs; individual hot water heaters; gas fireplaces; and large private decks.
NEW PROFESSIONAL PHOTOS COMING THIS WEEK! First time on the market, a spacious lot currently used as an auto sales and automotive/mechanic shop. This auto sales lot holds at least 50 vehicles, has a very nice office, bathroom, separate mechanic's garage, huge storage both with overhead garage doors plus 3 additional storage areas. Entire lot including buildings measures approximately 13,800 square feet. Easy access to Chicago Skyway, Industrial area of South Chicago Avenue and high traffic area of South Stony Island on the southbound side. Currently an auto sales and mechanic shop, property is surrounded by large wrought iron fence and high 15+ foot iron/metal fencing along alley way. Very clean property with great exposure and ready for any new business opportunity. Electrical, propane heating and water access on property. No central heating but propane heating in place for space heaters. PROPERTY IS SOLD "AS IS".
Fully gut renovated to the studs 4 unit residential plus one commercial building completed in 2020. High end luxury apartments with gourmet kitchens, quartz countertops, stainless steel appliances, spa bathrooms, laundry in unit and much more. Large balconies and rooftop deck make great outdoor spaces. New corporately guaranteed franchisee tenant with a 10 year lease!
One of A Kind !! Majestic Beauty W/ Great Location & Facade: Loyola Park Area. Steps to Lake Michigan: 7 units Building, Space to expand to 8th unit, the possibilities are endless, 6 Huge Condo Style Apartments, each over 1850 SF W/ 3 bed/2 Full bath each, updated kitchens, baths. also Updated one 1 bed/1 bath garden unit. Building Is a great candidate for a condo conversion project, currently fully occupied with some month-to-month tenants. Rents under market for this area and size of units. Parking 4 car brick garage and a Unique Beautiful Garage Roof deck For All Tenants To Use & Enjoy. Refinished hardwood floors, stainless Appliances and granite kitchens. Close to all Conveniences/ Transportations.
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.
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.
Are you considering Commercial Real Estate for your next investment? Look no further! This prime location offers a remarkable opportunity for your investment. This meticulously renovated property is situated in the vibrant Austin Community, right at the crossroads of Division and Austin, bordering the thriving Oak Park neighborhood. Comprising a total of 7 retail spaces, these units range in size from a spacious 615 square feet to a generous 1462 square feet.This property has undergone a comprehensive revitalization, boasting brand-new facades, an updated roof (2024), individual furnaces, state-of-the-art central air conditioning systems, separate electrical systems, fresh gutters, and new water heaters. Moreover, it's important to note that this property is fully leased with long-term tenants, ensuring a steady and reliable income stream. Its strategic location in a high-traffic area, combined with its corner building positioning, ensures exceptional visibility and accessibility.Don't miss this opportunity to make a wise investment in one of Chicago's most dynamic neighborhoods.
Introducing a fantastic investment opportunity. This charming multi-unit property features 5 spacious 1 bed, 1 bath units which are currently rented under market value to long term month to month tenants, each offering comfortable living and spacious floor plans. Situated steps from the new Amazon fulfillment center, and shopping center, this property is perfect for tenants seeking convenience. The well-maintained units boast hardwood floors and rear decks. The property offers the opportunity to convert two larger units into 2 bedroom 1 bath apartments, basement is set up to install coin laundry for additional income, and a rear gated area with potential for up to 8 assigned parking spaces to maximize profitability! SOLD AS-IS. Don't miss out on this exceptional investment - schedule a showing today and discover the potential of this remarkable property!
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 8% and cash returns approaching 9%. 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 approaching 9% and cash returns approaching 12%.
533 W. Wrightwood Ave., located in the heart of Lincoln Park, the most sought-after neighborhood in Chicago. Located in an A+ location, this building offers (1) 2 Bedroom 2 Bath Duplex & (4) 1 Bedroom 1 Bath Units. The current owner updated three of the five units extensively with condo-quality finishes and HVAC systems. The remaining two units allow a qualified investor to create a value-add opportunity by updating the units and bringing the rents to market. The pride of ownership is shown in how meticulous and pristine the property condition is. It also boasts a high-tech door and intercom system that tenants and owners can operate via a smartphone or tablet app. The capital improvements include, but are not limited to, newer windows, electric supply, in-unit electric breakers and panels, HVACs, boiler system, and masonry work. An Offering Memorandum with more details is available upon request. **NOTE** Dramatic price drop as the seller is motivated and ready to entertain offers.
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.
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 721 S Dearborn in the heart of Printers Row. Great potential with lots of walking traffic. Big bay area windows with plenty of natural light. All fixtures included. Great location for office space, retail, commercial or office/tech use. 13' ceiling & 9' windows. Just a few minute walk to the CTA (Red Line) and multiple bus stops. One block north is the Ida B. Wells with quick access to the Kennedy, Eisenhower and Dan Ryan expressways. Easy access to Lake Shore Drive. Minutes away from Grant Park, Millennium Park, Buckingham Fountain, Shedd Aquarium, Field Museum, Soldier Field, McCormick Place, Merle Reskin Theatre, Restaurants, Hotels and all S. Michigan Ave. has to offer. Ample street parking. Motivated seller!
Unique property with a total of 9 residential apartments, a church and a storefront property previously used as a beauty salon and 4 small odd units. Some of the residential units are in need of many repairs from fire damage, but a great opportunity to own this massive building. Property has three addresses but one pin. (935 E. 75th, 937 E. 75th & 7507-09 Ingleside).
Nestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner's unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property's appeal and tenant satisfaction. This investment opportunity presents the allure of "armchair management," with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner's unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park.
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.
Listings courtesy of MRED as distributed by MLS GRID
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