Chicago IL Real Estate & Commercial for Sale

Unique property with a total of 13 residential apartments, a church and a storefront property previously used as a beauty salon. 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). Sold AS IS

The multifamily property located at 8554-8556 S Maryland Ave, Chicago, IL 60619, presents a compelling investment opportunity in the Chatham submarket. Built in 1930, this Class C property spans four stories and encompasses a total gross building area of 18,000 square feet, translating to a price of $61 per square foot. The property is offered at a purchase price of $1,100,000, with a cost per unit of $68,750 for the 16 one-bedroom, one-bathroom units. Currently, the units are rented at an average of $782 per month, with pro forma projections suggesting increases to $895 within 3 to 6 months and $939 within 6 to 12 months. This rent escalation potential is a key factor in the financial attractiveness of the property. The initial net operating income (NOI) stands at $73,438, resulting in a cap rate of 6.68% and a gross rent multiplier (GRM) of 7.15. With the projected rent increases, the NOI is expected to rise to $89,343 within 3 to 6 months, improving the cap rate to 8.12% and the GRM to 6.40. Further improvements within 6 to 12 months could see the NOI reaching $95,047, with an enhanced cap rate of 8.64% and a GRM of 6.10. The property is strategically located in the vibrant Chatham neighborhood of Chicago, within close proximity to essential amenities and services. Demographic data within a three-mile radius indicates a population of 294,461, an average household income of $54,280, and a median home value of $161,157, underscoring the potential for strong rental demand. Overall, this investment opportunity combines attractive pricing, potential for significant rental income growth, and favorable financing terms, making it a promising addition to any real estate portfolio.

Welcome to a rare opportunity in the heart of Chicago's coveted Chatman area-a unique 6-unit building awaiting transformation into a lucrative investment. This property promises not just potential but a canvas for significant value appreciation after renovation.Imagine a charming structure with distinct architectural character, nestled in a vibrant neighborhood known for its appeal and growth potential. Each unit presents an opportunity to redefine urban living, whether through modern upgrades, sleek designs, or eco-friendly amenities.Serious investors understand the value of location and potential. The Chatman area is not just a sought-after neighborhood but a strategic investment hub, offering proximity to key amenities, transportation, and a thriving community. This is more than just another building-it's a project poised for transformation. Whether you're prepared to roll up your sleeves or assemble a capable team, the vision for this property is clear: elevate its stature, enhance its appeal, and capitalize on the booming market demand. Consider this a canvas for your investment portfolio-an opportunity where vision meets potential. The value post-renovation speaks for itself. Are you ready to seize this unique opportunity and unlock its full potential?

Wonderful all brick 6 unit in Chatham. Fully occupied. One 3- bedrooms unit. Two 2-bedrooms units and three 1-bedroom units. Each unit has dining room, living room. 3-car newer garage. Laundry in the basement plus 2 extra rooms for storage. New insulation in the attic. Low Taxes. Great Investment opportunity. Schedule your showing today.

This massive site formerly housed the historic Charles S. Jackson Funeral Home. The possibilities are endless. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. This property is mixed-use and all offers should include a plan to include residential.

Being used as a Medical Clinic, but large enough for many other uses. Full finished basement with elevator and handicap lift. Back Entrance has additional ramp. Main entrance has waiting room and reception area. 4 Bathrooms with additional sinks in 5 exam rooms. Full finish basement with glass block windows for light. 2 newer A/C Units on the roof. Furance and Hotwater heater replaced in last 5 years. Parking Lot fenced in and has 18 spots.

Brick building on Cottage Grove. Second floor unit is in good condition and has 2 bedrooms. First floor office space has large office space, 1 separate office, kitchen and conference area. Parking in the back. Basement has ample room for storage. Sold as is. No survey provided.

Welcome to this exceptional multi-unit investment opportunity! This property boasts 12 units, each offering a unique charm and amenities. Each unit features a different layout, not all units are renovated and tenants will appreciate the convenience of having a laundry facility in the basement. The exterior of the property includes ample off-street parking, and this property is a short distance to public transportation, shopping, dining, and entertainment options, making it highly attractive to prospective tenants. Each unit is individually metered for utilities, providing ease of management. This investment has excellent cash flow potential, don't miss out on this prime investment opportunity in a high-demand rental market. Schedule your showing today and envision the possibilities this property has to offer!

One story, move-in ready brick office building with adjacent dedicated parking lot for 20 vehicles. Built out to exacting specifications by the current owner/operator. Separate meeting room, individual offices and employee kitchen.

Stop by this well maintained 10 unit in the Chatham community.Current cap rate is 10.21% with the opportunity to raise rent and increase your profit. Location is central to local retail stores and transportation. This property boast individual heating, spacious units, and is ready for an owner occupant or investor. Property is being sold As-Is.

9.7% In-Place Cap Rate with potential to increase current below market rents. Gross Income $82.464. All brick 8 unit in Grand Crossing neighborhood. Less than block away from the 71st & Eberhart bus stop, blocks away from Chicago's 69th train stop, this property sits between the I-94 Express and I-90 interstate which both provide for quick and convenient transportation. This 8 unit has a unique unit mix of apartments and is comprised of two 3Bd/2Ba units, two 2Bd/1Ba unit, and four 0/1Ba studios. All have hardwood flooring throughout with an open style concept. This property has been well kept and is ready for its next investor or owner occupant. Property is being sold As-Is.

CHURCH WITH DAYCARE CENTER BUILDING. This beautiful 300 seated Church Sanctuary in Park Manor has Gorgeous Cathedral Ceilings with stunning Stained Glass Chandeliers and Beautiful Kneeling Communion Railing, a Baptism Pool, Hammond Organ, Baby Grand Piano, Large Choir Loft, a Pastors Office and a ground level Handicapped Bathroom. Fellowship Hall with a Stage in lower level with a Women's Restroom, Men's Restroom, two offices, and a Kitchen area. The Church sits on 13,000 sq feet of land with an adjacent parking lot.

7236 S University is a center entrance apartment building in the Pocket town neighborhood. The building consists of three (3) three-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units. Many updates including newer furnace, updated kitchens and baths, in-building laundry. Large units with partial subsidized rents.

This is your opportunity to start your new business endeavor. Great redevelopment space in a high traffic area, close to highway, public transportation and other businesses. Vacant. Sold AS-IS. Previously used as a gas station. Make your appointment today!

Fabulous corner location in residential neighborhood. Great visibility. Beautiful half-round windows are echoed on the interior as architectural features of the property's walls. This potential-filled location is distressed, and awaits your purpose. City services of electricity, heat, water are not connected. Bring your flashlight to tour. Buyer responsible for back taxes and any city fines. Taxes Due for Multiple Years. Due as of 6/6/24: 2021 - $17,005; 2022 - $15,095; 2023 - $7,312

****THIS BUILDING IS PART OF AN REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617.****** /// 8102 S Maryland Ave is a 26-unit building in Chicago's southwest Chatham neighborhood. This building is comprised of twenty-six (26) one bed/one bath units. Building is partially occupied with tenants but may require some light/moderate rehab. Built in 1930 and boasting 25,184 sq ft of space, 8102 S Maryland Ave offers a unique investment opportunity to contribute to the revitalization of the Chatham neighborhood.

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.

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.

We are pleased to offer for lease 7300 S Kimbark, a 25,500 SF industrial facility that is composed of an 18,000 SF masonry building ($7/SF) and a 7,500 SF ($9/SF) steel shed building. The property has extensive outdoor parking and storage options. The property has upgraded electric (400 amps, 480 volts, 3 phase), two over-head drive-in doors, one dock-high door, and is zoned M1. Please contact for additional information

This remarkable historic building, constructed in 1922, former Salem Lutheran Church, Community Center, and its Parsonage are now being offered for sale. The sanctuary/worship space has over fifty pews of various sizes and seats nearly 600 worshippers. The 36' vaulted wooden ceiling features arched cedar beams and ceiling fans. The sanctuary is layered in incredibly detailed stained glass allowing the southern sun exposure to illuminate the space. There is also a sacristy, a vestibule/gathering space, an organ/choir loft, and several main level common restrooms. The community center can be accessed through the church and has 3 additional separate entrances. The center also has 2 floors above ground featuring vast common areas with recessed lighting, divisible sectors, and projectors. On the second floor, you find a commercial grade kitchen and multiple private offices. Each floor of the center has multiple bathrooms. The center's basement is completely finished and offers an additional +/- 2,000 sqft. The parsonage, solid brick in construction, is +/- 2500 sqft of living space with 4bd/1.5ba. With the exception of the kitchen, the home features solid wooden floors, 1st floor fireplace, and huge master suite. Take advantage of this unique opportunity to repurpose, transition, or develop the property for its highest and best use. Set up a tour today.

Looking to move your business or add another location? This is the ideal location for your service, manufacturing, or trucking business. Property is zoned M1-1 (light manufacturing/business park district). Located on a busy street with many other businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. Please be sure to check the Cook County Land Banks website for offer application deadlines.