The median home value in Chicago, IL is $280,250.
This is
higher than
the county median home value of $267,250.
The national median home value is $277,796.
The average price of homes sold in Chicago, IL is $280,250.
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.
ZONED as a 6 UNIT BUILDING. LOCATED IN THE HOT WOODLAWN AREA. PROPERTY NEEDS EXTENSIVE REHAB. EXPERIENCED DEVELOPER REQUIRED. THERE ARE NO LIGHTS. BRING FLASHLIGHT AND CONTRACTOR WITH YOU TO SHOWING TO COMPLETE CONTRACTOR NARRATIVE. CASH OFFERS OR REHAB LOANS ONLY. MUST COMPLETE ENTIRE OFFER PACKET AND SHOW FINANCIAL CAPACITY FOR PURCHASE AND REHAB. PACKET UNDER ADDITIONAL INFO TAB. MUST BE ACCOMPANIED BY AN AGENT. EXPERIENCED INVESTORS ONLY.
IN THE POPULAR WOODLAWN AREA - A GREAT INVESTMENT OPPORTUNITY IN THIS VERY SPECIAL PROPERTY. TWO SEPARATE AND DETACHED BUILDINGS. THE FRONT BUILDING IS A STANDARD TWO FLAT AND IS READY TO RENT. THE REAR BUILDING, WHICH IS SEPARATE FROM THE FRONT BUILDING HAS THREE UNITS. THE REAR BUILDING NEEDS A COMPLETE RE-BUILD OR COULD BE TORN DOWN TO BUILD A TWO CAR GARAGE. PRE-APPROVALS OR PROOF OF FUNDS NECESSARY FOR SHOWING.
MoHall Commercial presents this Value Add 16-Unit investment opportunity for sale in the Woodlawn Community, operating at a current 6.13% Cap Rate. Located near the University of Chicago campus, the CTA Green Line and the Obama Library construction site, this building has an incredible upside for appreciation. This building features 8 commercial units and 8 residential units. The commercial units feature long term tenants, with thriving businesses in the community. The unit mix includes (2) 3 bedroom units with 1.5 baths and (6) 2 bedroom units with 1 bath. Based on market demand, 3 bedrooms in the area are renting for $1,800 a month and 2 bedrooms $1,400 a month. With improved leasing, real estate property tax appeals and updates to the building an investor could achieve a Cap Rate of 15.9%. The Woodlawn community has seen many recent developments, which has spurred the need and demand for housing.
MoHall Commercial presents this Value Add 16-Unit investment opportunity for sale in the Woodlawn Community, operating at a current 6.13% Cap Rate. Located near the University of Chicago campus, the CTA Green Line and the Obama Library construction site, this building has an incredible upside for appreciation. This building features 8 commercial units and 8 residential units. The commercial units feature long term tenants, with thriving businesses in the community. The unit mix includes (2) 3 bedroom units with 1.5 baths and (6) 2 bedroom units with 1 bath. Based on market demand, 3 bedrooms in the area are renting for $1,800 a month and 2 bedrooms $1,400 a month. With improved leasing, real estate property tax appeals and updates to the building an investor could achieve a Cap Rate of 15.9%. The Woodlawn community has seen many recent developments, which has spurred the need and demand for housing.
South Shore/ Woodlawn 6 unit apartment building- 3 beds and 1 bath. All units are rented for 7.5k, most apartments have been updated with hardwood floors, kitchens, appliances and others. This property has great location, 15 minutes away from downtown, walking distance to Lake Michigan and Obama Library. Listing agent has indirect interest in the property. Available for showings this Saturday 4/16 between 9am and 12 pm.
Value-add condo quality 8 unit building near the University of Chicago, Washington Park and minutes from the Obama library, Museum of Science & Industry. Features 8, 3 bedroom and 2 bathroom apartments with ample rear gated parking, hardwood flooring, granite countertop with kitchen islands, new mechanicals, laundry hookups. Great investment!
Beautiful 6-flat with 2bed/2bath units in a newer construction building in Woodlawn located blocks from the University of Chicago and the Obama Library. Amazing kitchens with granite and stainless steel appliances. Master bathrooms with jacuzzi tubs, double bowl vanities and separate shower. Hardwood floors throughout. Front and rear balconies. Fireplaces with built in shelving in the living rooms. All units have separate furnaces, hot water tanks and A/C units. Secure parking and in-unit laundry. Amazing value with uncompromising quality. Phenomenal cash flow with operating expense margin below 25%.
Formerly a Supermarket for many years. The property consists of an approximately 25,000sf freestanding building with an approximately 19,000sf parking lot. Building features high ceilings +/- 16ft. Large building can accommodate a variety of uses. The property is available for sale or lease. Currently Demised into 2 units. The south end is +/-10,000sf and the north end is approximately 15,000sf.
Formerly a Supermarket for many years. The property consists of an approximately 25,000sf freestanding building with an approximately 19,000sf parking lot. Building features high ceilings +/- 16ft. Large building can accommodate a variety of uses. The property is available for sale or lease. Currently Demised into 2 units. The south end is +/-10,000sf and the north end is approximately 15,000sf Asking rent is $10psf nnn.
