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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Beautifully maintained vintage 7-unit building on a nice tree lined street. All the charming details are there - excellent woodwork, nice fireplaces, and stained glass. The units are spacious with separate dining rooms and generous living rooms. The 8100 block is a pleasant mix of single family homes and small apartment buildings. The building is in good shape, with a new boiler in the basement. 8th unit possible on the north side of the garden level. Lots of long term tenants. Broker Owned. As is 9.9 Cap Rate, Pro Forma 12.6.
Don't miss the opportunity to own this well maintained mix use property. great location in upcoming south shore. New roof, appliances, updated kitchen's & bathrooms coin laundry on property for additional income.
Bring Your Vision as this Unique, Rarely available Multiple Option Commercial Building & Property has endless possibilities... Zoned C2-2... This 1 Story Brick Structure has an interior of 17,830 sqft. ... 14 Offices & Administrative spaces totalling 13,980 sqft. There is a flexible Auditorium/Sanctuary/Banquet Room of 3,850 sqft. with a capacity of 450 People... Great Sound System, Stage, Seating and Storage... Fully equipped Kitchen and there are Many Bathrooms and Lockers... Front Courtyards and Large Parking Lots fenced in... Location and access is amazing... Bring your Love... Recently a Church, However Potential exudes in many ways... Events Nurseries Schools Religion Businesses etc. are all a Possibility ... New HVAC needed... Property is being Sold AS-IS...
Amazing opportunity located in the central Business District of Chicago East Side neighborhood.This brick faced commercial building has been used for a medical office for many years and remains in great condition. Spacious one level building features multiple rooms 1.5 bathrooms, full basement, and fensed in parking area in the rear. Conveniently located near Lakeshore drive,Indiana border, and access to I-90/94.
Imposing three story red brick vintage Chicago 6 unit apartment bldg. Located in an up and coming niche of "east Chicago, with close proximity the Lakefront and South Shore, all transportation,a thriving industrial area and the Loop. This 1886 beauty represents the pride of the neighborhood with original red Chicago brick, stone trim capping, steel security doors and an enclosed rear stairwell/porch. Each unit has a separate exterior door. The rear and front porches were completely rebuilt in the last six years. Rear yard contains a grassy area perfect for tenant enjoyment. All units leased and tenant paid utilities. Attractive cap rate for investors.
Excellent opportunity in South Chicago! This mixed-use building offers a storefront on the ground floor, 2 - two bedroom residential apartments above, and 1 - two bedroom in the rear of main floor. Perfect for investors or those seeking to capitalize on the area's growth. The property is located within a Tax Increment Financing (TIF) district and Small Business Improvement Fund (SBIF) area, providing access to potential grant funding and financial incentives for renovations. Key Features: No city violations and clear title for a smooth transaction. Repaired roof and new gutters ensure the building's exterior is in good condition. New electrical service has been installed. The property requires a full gut rehab, offering you the chance to customize and modernize the space to your vision. With the potential for both business and residential income, this building presents an ideal project for those ready to invest in a growing neighborhood. Take advantage of the available grants and incentives while creating a highly profitable asset! The seller will not be making any repairs nor providing credits toward the buyer's closing costs. Additionally, the furnace will be removed from the property prior to closing. Please note that water, gas, and electricity have been turned off and will not be reactivated for inspections. Agent is related to seller.
Located in the heart of South Chicago this One story brick building is ideal for the business that requires high exposure. It has approximately 2700 Sq ft with about 115 linear ft of frontage on busy Commercial Ave. It is currently vacant and was formerly used as a dry cleaners but can be used for a variety of businesses. There is a full unfinished basement and plenty parking.
THE REAL ESTATE- THE PAIN CENTER IS FOR SALE ALONG WITH ALL THE INVENTORY. THE PROPERTY IS SOLID AND GOOD FOR ANY BUSINESS -RESTAURANT, GROCERY, ETC. IT HAS A MAIN OFFICE ROOM- all EQUIPPED WITH ESSENTIAL ITEMS, WAITING ROOM FOR CLIENTS ALONG WITH CHAIRS, A RECEPTION ROOM, AND A SECRETARY ROOM, TREATMENT ROOM, EXERCISE ROOM, C-ARM CHAIR ROOM, AND A SMALL BACKYARD WITH SHANTY ROOM ONE FULL BATH, CENTRAL AIR CONDITIONING THE PARKING FOR 6CARS IN BACK AND PLUS SUFFICIENT STREET PARKING IN FRONT.
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 considering that the largest portion of the building is residential living space it is possible that this can be approved for FHA loan (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. PURCHASER MUST BE ABLE TO OBTAIN THEIR OWN LIQUOR LICENSE (IF DESIRED) DO YOU DILLIGENCE.
Excited to present 7926 S Luella Ave, a six-unit building in South Shore - one of Chicago's emerging lakefront neighborhoods experiencing a remarkable renaissance. South Shore's strategic location along Lake Michigan's southern shoreline places it at the epicenter of unprecedented development and investment opportunities. This blonde brick beauty stands proudly among South Shore's collection of historic Chicago bungalows, showcasing the magnificent architectural detailing of 1920s craftsmanship. The property's location offers seamless connectivity to downtown while providing residents the coveted advantage of lakefront living. The neighborhood's transformation is being catalyzed by several major developments: - The Obama Presidential Center, now under construction in neighboring Woodlawn, driving significant economic growth - The upcoming Tiger Woods-designed PGA-caliber golf course renovation of the Jackson Park/South Shore golf complex - Proposed enhancement of the nearby harbor facilities - The recently announced urban planning initiatives focusing on South Shore's commercial corridors 7926 S Luella Ave features: - (3) 3bd/1ba and (3) 2bd/1ba units - Original hardwood flooring throughout - Individual HVAC systems - Abundant natural light - Newly remodeled 5-car brick garage with front driveway access - On-site laundry facilities - Walking distance to hospital and lakefront The property presents multiple value-add opportunities: -Good Cap rate - Prime candidate for condo conversion - Ideal for healthcare professional housing, capturing the growing market of traveling medical staff - Strong potential for appreciation As South Shore continues its upward trajectory, bolstered by major infrastructure investments and its pristine housing stock, 7926 S Luella Ave represents an exceptional opportunity to invest in one of Chicago's most promising lakefront communities. The combination of stable cash flow, multiple value-add scenarios, and the neighborhood's evident momentum makes this an compelling investment opportunity.
9901 S. Ewing Ave is an Eleven (11) unit building plus a 2 unit coach house! The building is located a block from I-90, providing quick access to Chicago's downtown. The building also sits three blocks west of Calumet Park, which provides beautiful views of Lake Michigan. 9901 S. Ewing is conveniently comprised of two (2) retail spaces, five (5) 2Bd/1Ba, and four (4) 3Bd/1Ba units. Two (2) of the 2Bd/1Ba units are located in the coach house in the rear of the building. The building is fully vacant, presenting a potential buyer with the opportunity to gut renovate the property and assume rents at market.
On a 4,552 sq. ft. lot, this recently updated 4,300 sq. ft. office / retail building is located on the corner of 8200 S. Stony Island Avenue. With 5 rental units, separate electrical and HVAC units the property is ready to generate income for you. Three units are rented, one unit is vacant, and the smallest unit is owner-occupied.
Excellent all brick office building in the heart of Chicago's east side neighborhood. It has been used as a medical office for decades. Keep the same use or it can be used for professional offices. There are 7 treatment rooms, Reception areas, waiting areas, a conference room, file rooms, a copy room and other utility rooms. It has one full bath and two half baths. The 2 car garage is attached.
This exceptional two-unit building in the vibrant Stony Island/Burnside TIF District offers an unbeatable combination of location, versatility, and potential. Strategically positioned near the bustling Stoney Island Avenue thoroughfare, the property enjoys excellent visibility and accessibility. Boasting approximately 3,000 square feet of adaptable space, this building presents a wealth of possibilities. Currently configured as a medical office, it can easily be repurposed to accommodate a variety of uses, including retail space, hair salon, restaurant, co-working hub, educational center, wellness spa, or venue space. Each unit features its own private entrance, providing flexibility and convenience for tenants. Unit 1 offers direct frontage on 87th Street and includes a reception area, a spacious open workspace, private offices, and a full bathroom. Unit 2 features a vehicle drop-off area, a waiting room, four individual rooms, a private office, a kitchenette, and two bathrooms. The property provides ample parking, ensuring easy access for patrons and staff. Don't miss this opportunity to own a versatile and strategically located property in the heart of the Stony Island/Burnside TIF District.
This exceptional two-unit building in the vibrant Stony Island/Burnside TIF District offers an unbeatable combination of location, versatility, and potential. Strategically positioned near the bustling Stoney Island Avenue thoroughfare, the property enjoys excellent visibility and accessibility. Boasting approximately 3,000 square feet of adaptable space, this building presents a wealth of possibilities. Currently configured as a medical office, it can easily be repurposed to accommodate a variety of uses, including retail space, hair salon, restaurant, co-working hub, educational center, wellness spa, or venue space. Each unit features its own private entrance, providing flexibility and convenience for tenants. Unit 1 offers direct frontage on 87th Street and includes a reception area, a spacious open workspace, private offices, and a full bathroom. Unit 2 features a vehicle drop-off area, a waiting room, four individual rooms, a private office, a kitchenette, and two bathrooms. The property provides ample parking, ensuring easy access for patrons and staff. Don't miss this opportunity to own a versatile and strategically located property in the heart of the Stony Island/Burnside TIF District.
Incredible Investment Opportunity! This all-brick, mixed-use corner building offers approximately 2,700 square feet of total space, perfect for the existing restaurant or your new business venture. The second floor features a spacious 3-bedroom apartment, ideal for owner occupancy or additional rental income. Enjoy the benefits of a newer roof, updated electrical system, furnace, and hot water tank. The property also boasts a massive unfinished basement for potential expansion, an enclosed back porch, and a fenced backyard for privacy.
ATTENTION ALL INVESTORS!! Here is a fantastic opportunity to generate unlimited cash creating generational wealth with ease. Main floor features; remodeled open area that is currently utilized for a barber shop, and the rear of the main floor has a 3 bedroom, 1 bathroom apartment. Full walk out basement that leads to a great relaxing yard to unwind. Furniture such as; barber chairs and equipment are not included with the sale. This property is conveniently located near expressway, schools, and parks. Don't let this great opportunity slip away....
We are offering a 11,000 square foot (5,500 1st floor, 5,500 lower level), completely renovated and secured, single story, brick freestanding building with full basement. Renovations include first-floor open floor plan with retail space- incredible heights! The lower level features a dry basement, a 23x14 private office with full bath, 23x11 file room, 20x16 cooler, and 2,500 square feet of storage space. Additional upgraded features new electrical, plumbing, HVAC, security cameras and shutters. New power (800 amp), new heating, new air. Currently vacant, great opportunity to start your own business. Great for a retailer, restaurant, dollar store or grocery store. The property sits on the corner of S. Baltimore Avenue & E. 92nd Street, with easy access from the CTA, Skyway and S. Lake Shore Drive and next door to Metra.
Attention Investors: Don't miss this chance to invest in a spacious 2-unit property with a full basement. 2 Car Detached Garage. This property is ripe for renovation, perfect for launching a new business. With two new 100 AMP electrical boxes to segregate residential and commercial power usage, this property offers a promising opportunity. Each unit will be able to be set up so they settle their own utilities. Sold in the condition it is currently in. Cash offers require proof of funds, Conventional financing requires a pre-approval. This property holds significant income potential. Great Location Near Metra, Shops, Dining, and the Beach!
INVESTORS NICE AREA. (8016-8022 S YATES) CONVENIENTLY LOCATED NEAR LAKESHORE DRIVE OR EASY ACCESS TO EXPRESSWAYS AND PUBLIC TRANSPORTATION. BEAUTIFULLY REHABBED CALIFORNIA STYLE BUILDING. THIS PROPERTY WAS REHABBED IN 2021. FULLY OCCUPIED. THIS PROPERTY OFFERS 5 (1 BEDROOMS) AND 6 (2 BEDROOMS). NEW FRONT & BACK PORCH; NEWER ROOF; COIN-OPERATED LAUNDRY; ASSIGNED PARKING. 11 WALL-UNIT A/C; TENANTS PAY COOKING, HEAT AND ELECTRIC. UPDATED IN-UNIT SERVICE PANELS. MAKE YOUR APPOINTMENT TODAY. GREAT INVESTMENT!!
Three unit all brick building with a full unfinished basement. Located on busy Commercial Ave. The main floor has about 2700 sq feet of recently remodeled open commercial space. It has 14 foot ceilings and can be ideal for a variety of businesses. The second and 3rd floors hosts huge living spaces but will need to be completely rehabbed. The basement is wide open and can be excellent for storage. Once this property is brought up to date it will be capable of generating VERY GOOD income. The property is being sold "AS-IS". The store front is currently available for rent in the amount of $3,000 per month (tenant pays utilities, except water).
Total of approximately 22,200 SF on .8 acres of land. There are 3 parcels with the following addresses and PINs: 10501, 10509 and 10509 South Torrence Avenue 26-07-312-001, 26-07-312-002, 26-07-312-012 16,330 Church/School Building seats about 375 people with a lower level fellowship hall. The two-story school area has one classroom, offices and boys and girls washrooms on the first floor and has six classrooms, offices and a teacher's lounge with wet sink on the second floor. The building also includes a kitchen and a storage room 5,830 SF Rectory where the main floor has six offices, two washrooms, a kitchen and a dining room. The lower level has meeting rooms and a laundry room. The second floor has a living room, a shared bathroom/shower room and six bedrooms. There is also a detached 3-Car garage
(Former Standard Bank Branch)Free Standing +/-2,500sf building with drive thru on a +/-25,950sf site (lot dimensions are 150' x 173'). There is 150 ft of frontage on Torrence Ave. there is pylon signage on the site. The property is ideal for similar use, office, fast food or retail redevelopment. The area is densely populated and there are high traffic counts on Torrence and 106th St. New retail development in the area includes Dunkin Donuts, Subway, FHS Medical building and more to come.
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