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!
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Investment Opportunity! This 8-unit property is a cash cow, generating 10,228 in monthly income. Consisting of four 2-bed, 1-bath units and four 1-bed, 1-bath units, all currently occupied by CHA Section 8 tenants, ensuring a steady, government-backed income stream. Each unit features separate utilities and gas forced air. Well-maintained and situated in a prime location. Don't miss this chance for a reliable investment in a thriving area!
SELLER SAYS "Make me an offer": Nestled in the heart of the south side of town, this grand turn-of-the-century property stands as a testament to timeless architecture and unlimited potential. Welcoming a visionary investor seeking to restore its original splendor, this building encompasses 13 residential units, each exuding a unique charm, alongside a versatile commercial space poised for transformation.Potential Billboard Revenue: The expansive side of the building provides a unique opportunity for additional income through billboard advertising, capitalizing on high foot traffic and visibility.
LAKEVIEW NEWER COSNTRUCTION CONDO FOR SALE. WAS A FORMER BEAUTY SALON. THE CURRENT EQUIPMENT IS INCLUDED IN THE SALE OF THE PROPERTY. BOUTIQUE MIXED USED BUILDING IN PRIME LAKEVIEW LOCATION, AREA TENANTS INCLUDE: WHOLE FOODS, X-SPORT GYM, WISHBONE AND CARRIBOU COFFEE. VANILLA BOX CONDITION. HIGH TRAFFIC LOCATION. THE HOA DUES ARE QUARTERLY AND ARE PRESENTLY Two Hundred and Thirty Eight Dollars
Incredible opportunity to purchase a fully built out, fully furnished BAR and building. This bar has NEVER been opened to the public. Completed in 2017, it has just been hanging out on California Ave as a mystery, until now! The building was completely rebuilt, only the facade remains - even though it has been renovated too. The bar is set up to be a beer lovers dream. 20 taps with its own keg walk in directly attached to it. Three wells for bartenders. Plenty of low boy coolers for all your canned goods. It even has a fridge drawer. There is another walk in cooler by the back of the building along with a reach in. 2 fully built out ADA bathrooms. The front of the restaurant has a small cold prep/deli counter. There is a large (for a resaurant/bar) office/storage area. There are 2 parking spaces in back as well.
Fully rehabbed in 2024, this mixed-use property in Austin offers incredible versatility! The first-floor commercial unit features an open layout with hardwood floors, a full bathroom, and a kitchen area-perfect for a retail store, medical office, or other business uses. The second-floor apartment boasts 3 bedrooms, 1 bathroom, hardwood floors, and a modern kitchen with white cabinetry, stainless steel appliances, and granite countertops. Bonus room ideal for an office or play area, plus a bright enclosed porch perfect for dining. Additional highlights include a full, unfinished basement for storage, a newly poured concrete driveway with ample parking, separate utilities, and central A/C for both units. Conveniently located within walking distance to public transportation. Low taxes make this property an excellent investment for both residential and commercial purposes. Don't miss this opportunity!
5225 S. Ashland is a 4-unit mixed-use building located in Chicago's up & coming Back-of-the-Yards neighborhood. This asset has an in-place cap rate of 7.2 (pro forma cap is 15), is composed of 3 BIG apartments (1 x 2/1 & 2 x 3/2s), 1 Store and has a lease thru February 2027 and plenty of rental upside. Hungry? Sustenance at Aldi & Mariano's are just 10 & 13 minutes away respectively. Need to get back to the office? The CTA's Roosevelt & Western station is a 12-minute walk from your front door. Need to get out of Dodge? The Eisenhower Expressway is a 4-minute drive due North. 16th Ward Alderman Stephanie Coleman runs the show. Information deemed reliable, but not guaranteed. Use diligence.
Don't miss out on this CASH COW INCOME PROPERTY in Chicago's Auburn Gresham neighborhood! Spacious layouts, solid tenants and income, and a building that has been meticulously maintained by the current owner. Walk right into an 11.4 cap rate and a ton of room for growth, with value-add opportunities and below-market rents! This classic Chicago brick multi-family consists of a mix of three 3 bed/1 bath units, three 2 bed/1 bath units, and one non-conforming 3 bed/1 bath garden unit. Add some extra income with coin laundry in the basement and 3 detached garage parking spots. Recent updates include a brand new security system, new appliances for all units within last 2 years, 2 new water heaters, the building was sealed/tuckpointed in 2024, and new hallway carpeting and flooring was just installed. Roof is estimated to be about 7 years old, and all furnaces are about 8 years old. Make sure to take advantage, you just don't see investment opportunities like this every day!
This site is located in a Federal Opportunity Zone, It is 1/4 block from the 63rd & King Drive "EL" stop. There are several options for this location 1) Reuse this +/- 2,376 SF former fast food building with Drive-thru and +/- 40 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! In addition to the Opportunity Zone it is in a Federal Enterprise Zone and a City of Chicago TIF District. If developed there are anticipated tax credits as a Transit Oriented Development site. It is currently zoned B3-3. The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale. 4 PIN numbers.
4,000 sf yellow brick commercial building with a Bow Truss roof and 2 vacant lots for parking!! The building features large industrial skylights, exposed brick walls, 18' ceilings and has a clearspan (unobstructed) open floor plan for a potential restaurant, gym, dynamic office, or possible event space. Newer roof (2019), fresh tuck-pointing in both the front and back of building (2023). The building has a concrete floor and four (4) garage doors. There is an outside storage shed and 6 parking spaces in back. This has been an automotive center and it has a complete drive-through for auto repair services. It can remain automotive or can be adaptively transformed for a new use. Some tools and equipment are excluded. This location is directly across the street from the Beverly Metra station.There are 3 separate tax ID parcels and the total land square footage is estimated.
Are you in the market for a turn key arm chair investment....look no further. This is a solid brick 12-Unit in the heart of Austin, that is vastly appreciating, while generating 162,000 per year with room for rent increases. Common areas and units are in great condition, consisting of 3-2br and 9-1br units with hardwood flooring, separate living/dining room, separate furnaces. Many updates throughout including 7 units with new bathrooms and kitchens that include granite countertops and new appliances, newer plumbing in many areas, new roof, spot tuckpointing, new rear concrete, newer porches. Tenants responsible for electric, gas, heat. Each apartment has its own furnace. Close to public transportation and expressway providing easy access to Downtown. Maintenance man stays onsite.
This Beautiful two story brick building has much to offer and can be a great investment. The first floor is hosts to a well established sports bar with dine in food. There is a billiard/ game area plus there is a bocce ball court on the side lot. The entire second floor is setup with a large apartment with 2 full baths and 6 bedrooms. There is a large attached 2 car garage and additional space that can be used by the property owner. Mechanicals have been updated and the entire building is in great shape. Note that with more than 50% of the building being residential living space it is possible that this can be approved for FHA loans permitting a low down payment (REVIEW WITH YOUR LENDERS). There are approximately 6 off street parking spots and plenty of street parking as well. Property taxes are based on both parcels with 2 addresses.
Flexible mixed use building in a booming section of Lincoln Square. Perfect for realizing an artistic dream or as the home for a business endeavor with the flexibility to live above your business in the newly remodeled 2nd floor condo. This gem of the community hosts a first floor that is currently used as a creative rental space & production hub utilized for private events, meetings, photo shoots, audio recordings, video production and more. Client list for space rental clients is available as part of the purchase. The large second floor condo features a 2 bedroom, 1 Bath, den, + Office and 2 separate living rooms with an updated retro vibe. The condo could be utilized as the business owner's home, rented out, or utilized as office space. Potential to convert the 1st floor to additional living space. Most of the condo furnishings are included in the sale as well as the Hot Tub. Exposed brick and hardwood floors open to a functional kitchen and a beautiful patio out back, with a new 2 car garage built to host events as easily as it stores cars and provides storage. Extensive updates and improvements have been made starting with the 1st floor renovation in 2019 and include: Storefront: New hardwood floors, Addition of a first floor Kitchen, Exposed Brick, New HVAC, new support posts and footers in basement, and plumbing throughout. Condo on 2nd floor in 2022: Updated Kitchen, Bath, Electric, Roof, floors, and much more. New plumbing installed in 2023 and 2024 and new appliances upstairs in 2022. A turnkey building in a great location with two profitable businesses but enough flexibility to accommodate a new dream. Owner expanding business and moving to new location.
GREAT INVESTMENT OPPORTUNITY IN GAGE PARK. VACANT COMMERCIAL FENCED LOT ZONED M1-2, 12,450 SQ. FT., 100X125. CONVENIENTLY LOCATED OFF OF 51ST STREET.
Strong, income producing 6 unit building in booming Logan Square location. Gut rehabbed in 2015, building features six - 2 bed 1 bath units with upgraded finishes throughout. Unit features include hardwood floors throughout, central heat and a/c and in unit washer/dryer. Modern kitchen features quartz countertops, stainless appliances and dark, espresso cabinets. Lux bath with double vanity sink, white quartz countertops, great cabinet space and spa-like shower. Building has plenty of parking including 2 garage and 5 exterior spots. Good size back lot for parking. Currently vacant parking could bring in additional monthly income. Property has two pin #s - 13262230150000 and 13262230160000.
We are pleased to present for sale 816-822 E Marquette Road, a 12-Unit multi-family investment opportunity. The property features substantial recent upgrades such as boiler (2020), hot water (2020), roof (2021), lintels and masonry (2024), porch repairs (2024), new exterior emergency lighting (2024). The building's units are spacious and feature split bedrooms, front porch, back porch, and boiler heat. A new investor benefits from the opportunity to bring rents to market with interior cosmetic improvements, increasing the in-place cap rate from 8.48 to 11.10. Given its location in central Woodlawn, this is an extremely attractive multi-family investment opportunity with significant long-term opportunity for value and rental appreciation. Please request offering memorandum for full investment information.
Great warehouse opportunity in West Chicago!! Zoning C1-2! The opportunities are endless, could be used for storage, parking, animal services, tattoo shop, or gardens! Centrally located in East Garfield Park within a short distance to the United Center, a short walk to the California Green Line Station and close proximity to I-290! Bring your business to life in this mixed use area that includes Chicago Fabrications, 5 Star Child Development Center, and NYFC Restaurant & Fresh Market!
TWO UNIT FULLY LEASED RETAIL PROPERTY LOCATED IN A MIXED USE AREA WITH LOTS OF RESIDENTIAL AND BUSINESSES IN THE BUCKTOWN NEIGHBORHOOD OF CHICAGO. EXCELLENT INVESTMENT OPPORTINUTY TO OWN RETAIL WITH TWO GOOD TENANTS IN PLACE. ELLAHOMME HOLISTIC MED SPA OCCUPIES UNIT 1915 AND MERCEDES BROW BAR OCCUPIES UNIT 1917. EACH UNIT HAS ITS OWN FURNACE AND HVAC UNITS. BOTH UNITS ARE SEPARATELY METERED. LOTS OF FOOT TRAFFIC UP AND DOWN DAMEN AVE. DEMOGRAPHICS ARE GREAT AND THERE ARE 12,700 CARS THAT DRIVE BY DAILY. ADD TO YOUR CURRENT REAL ESTATE PORTFOLIO WITH THIS 7.6 CAP PROPERTY AND TRIPLE NNN LEASES. YOU CAN'T GO WRONG!
1st floor store front and 2nd floor apartment with 3-bedroom, 1 bathroom home located in the heart of Chicago's vibrant Bridgeport neighborhood! This property offers great potential for investors or buyers looking to customize their dream home. Enjoy spacious living areas, and a layout perfect for modern living. Conveniently located near parks, shopping, restaurants, and easy access to downtown. Please Note: Proof of funds or a pre-approval letter is required before scheduling a showing. Seller's attorney holds the earnest money (Listing office does not). Property is being sold AS-IS. Don't miss out on this opportunity to own a home in one of Chicago's most sought-after neighborhoods!
This 2-story brick building offers a prime opportunity for investors and developers with its 15 units consisting of 13 apartments and 2 storefronts. Located in Pilsen, a neighborhood known for its cultural vibrant and ongoing development, this mixed-use building presents a strong potential for both residential and commercial rental income. Given the increasing demand for properties in the area of Pilsen area, this building could attract both residential tenants and businesses looking for a presence in a lively neighborhood. Close to major expressways I55, I90 and I94, just a few minutes to downtown Chicago.
Large Commercial Property with plenty of space. It is currently used as a automotive repair shop and auto parts store. There's room to storage multiple cars. It is located near the cross streets of Roosevelt & Kostner. You can use this property as a automotive shop or section the property into two buildings and rent the vacant lots. The total area is about 25,000 (3125 x 8) sq Ft, approximately eight Chicago area lots. The property is zoned Industrial/Manufacturing. Explore the area and be apart of the new commercial developments that are planned for the near future. The buildings and the land are for sale in "AS IS" condition. Easy access to the (290) expressway.
33 Realty is pleased to present 1264 S. Saint Louis Avenue, a 6-unit multi-family investment property opportunity in Homan Square. The property was extensively rehabbed in 2017 and consists of three 2-bed / 1-bath and three 3-bed / 1-bath apartments with individual gas-forced heat and hot water tanks. The residents are responsible for individual electric and gas responsibilities. 2017 rehab included: electric upgrade to 400 amp, new masthead, plumbing, waste & supply lines, HVAC, masonry, meters, replaced joists where needed, windows, unit interiors - all per plans permits approved by city of Chicago. Please request offering memorandum for full financials and additional property information
Attractive +/- 1,440 sf building has office and/or retail uses. Currently laid out with one oversized office, 4 cubicle spaces, 3 washrooms (one with a shower!). There is a kitchenette and a partial basement. The garage (+/- 384 sf) is connected and convereted into office and storage space. 12+ ft ceiling height with can lighting. The building has rolling security shutters on both doors. The roof looks great. As Is sale. There is office furniture in the building that can be included in the transaction.
A hospital-grade full medical building on Lincoln Ave just North of Halsted in Lincoln. 5,000 (approx.) square foot building is in turn-key condition for the next medical user. Perfect for surgery center, outpatient surgery facility, dental, dermatology & orthopedic groups or can be converted to any commercial use or retail/mixed use building. The property includes double entry, waiting and reception area on first two floors, gurney size elevator, 10 procedure rooms plumbed for gas and suction, 2 spa rooms, 3 bathrooms, kitchen, conference room, office, laundry, 2 imaging rooms, sterilization room, 2 car garage parking, and bonus top floor in-town loft with patio. Located in one of Chicago's most thriving dynamic neighborhoods, close to multiple transportation options, restaurants, theaters, boutiques, med spas and shops. Amazing building ready to go for next user.
New construction retail storefront for sale in Bucktown along hot Damen Ave corridor. High ceilings, large windows facing street for amazing visibility and light. Vanilla box ready for owner user or to lease to new tenant as investment property. Sits below 3 high end residential condo units. Perfect for all types of uses including, retail, office, gallery, cafe etc. Highly trafficked area with minimal vacancies. Access to Kennedy express within blocks of unit and 1/2 mile to multiple blue line stops. Endless list of restaurants, bars and business in this dense vibrant area.
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