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.
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Beautifully remodeled mix-use property. Commercial space and tenants each are on a 1 year lease expiring between Nov 2025 and Jan 2026. Central air was added to the units which is rare for apartments in the neighboring apartments. Property is located 2 blocks from the coming soon Roseland Medical district with hospital expansion CTA recline extensions.
UNIQUE OPPORTUNITY! FOUR LARGE BRICK BUILDINGS, A CHURCH/ SCHOOL WITH 14 CLASSROOMS, A CONVENT, RECTORY AND GARAGE. AMPLE PARKING SPACE, 2 LOTS. ONSITE SANCTUARY ( BUILT OUT), MEETING ROOMS, YOUTH ROOMS , BASEMENT WITH REC/ KITCHEN AREA 54,000 SQUARE FEET OF SPACE. REAL ESTATE TAXES EXEMPT RELIGIOUS/ SCHOOL NO SURVEY PROVIDED SOLD AS-IS ALL OFFERS MUST HAVE PROOF OF FUNDS/ FINANCING APPROVAL LETTER
Prime Investment Opportunity - Mixed-Use Property with High Upside Potential Unlock the full potential of this mixed-use property, perfect for developers and investors looking for their next high-ROI project. This property includes: A two-bedroom, one-bath residential unit ready for value-add upgrades. Ground-floor commercial space ideal for retail or office use. An adjacent vacant parcel offering expansion or new development potential. Basement storage and mechanicals with room for functional improvements. An attic space that could be converted into an additional income-generating unit. With the upcoming Red Line extension, property values and neighborhood demand are set to rise, making this a prime opportunity for a lucrative flip or long-term investment. The estimated After Repair Value (ARV) exceeds 300,000, presenting a strong margin for profitability. Act now-opportunities like this don't last long!
15 Unit building fully rehabbed in last 12 months. Units rehabbed with new appliances, newer boiler and other updates to building. Many CHA and subsidy tenants, only 2 vacant units which will be rented shortly. Projected 12.5 cap rate with current rents. Rents will be increased as leases renew.
Renovated in 2022, Motivated seller.....bring all offers! This staple in the West Roseland since 1969 on Michigan Avenue. It features a turnkey fully operational store-font restaurant with all the fixtures, furnishings, and equipment needed to continue its legacy of excellence. The reputation of Ware Ranch Steak House ensures a loyal customer base and a smooth transition for the new owner. In addition, the second floor features an open-concept living and dining area with a fully renovated kitchen including Stainless Steel Appliances, a beautiful backsplash with cabinets, and a ton of storage space. This space can also be used as a banquet hall. Parking in the rear fits 4 cars. (Everything stays except a small pop cooler and the pictures on the wall)
Photos show front of the building and one of the Units (currently vacant). ***** Discover the potential of this beautiful brick building, featuring 3 units (2 bedrooms; 1 bath each) and the commercial retail store front space (currently beauty salon). Also, there is a 2-car detached garage. It's not a blank canvas, yet this property offers ample opportunity for upgrades to match your vision. Whether you're looking to keep this property AS-IS or create your upgraded profitable rental, this property is ready to be transformed into your next successful project. Don't miss this opportunity to invest in a versatile building with plenty of potential! - All current tenants' leases are structured on month-to-month basis. NEW Furnace *** January 2025
Approximate 20,000 SF industrial facility offering significant infrastructure improvements conducive to a myriad of uses: adult entertainment/gentlemen's club, nightclub, banquet or large event facility, warehousing, industrial, distribution, cannabis, grow facility, flex, and so much more! Complete renovation in 2009 to a gentlemen's club, this building has been incredibly designed and maintained with a modern build-out and upgraded mechanicals throughout. Can be easily converted back to industrial, warehouse, flex, light manufacturing, or any entertainment type use. Current build-out includes three loading docks, full kitchen, walk-in cooler, walk-in freezer, 8 restroom facilities, showers, courtyard, locker room and more. The entertainment side of the house includes 4 stages, 2 bars, 8 VIP rooms, private entrances, DJ booth, reception, and coat check room. Mechanicals feature eleven RTU'S (ten 20-ton units and one 15-ton unit) offering temperature control, upgraded electric with 1200 amps and 3-phase power, 18' ceilings, fully sprinklered, and a new roof in 2009. Annual maintenance reports available upon request. Tons of value in the infrastructure alone. Security includes security system, retractable gates, and secure fenced site with exterior monitoring systems. Located in a TIF District, this 2-plus acre site with 131 parking stalls offers excellent visibility from I-94 with over 160,000 VPD and pylon signage. Combine this property with an adjacent approximate 24,000 SF industrial facility on 1.3 acres. Please see MLS #12085273 for more information. Loads of potential, incredible value with infrastructure improvements, great visibility and easy access to I-94 make this a must see property.
24,400 SF industrial facility on a 1.3-acre lot available for sale. The property is situated off of a frontage road to I-94, with easy access to the Chicago expressway network, including I-90, I-94, I-80, I-57, and I-294. The facility is currently divided into four approximately 6100 SF units - all fully sprinklered with 14' DIDs. Moreover, the neighboring property, 12054 S Doty, a former gentlemen's nightclub that can easily be converted to industrial, with an approximate size of 20,000 SF is also available for purchase. This property can be converted to a myriad of uses on an over 2-acre site. Combining these two properties offers a total of approximately 44,000 SF and over 3 acres. Please see MLS #11945762 for more information on 12054 S Doty.
Approximate 20,000 SF industrial facility offering significant infrastructure improvements conducive to a myriad of uses: adult entertainment/gentlemen's club, nightclub, banquet or large event facility, warehousing, industrial, distribution, cannabis, grow facility, flex, and so much more! Complete renovation in 2009 to a gentlemen's club, this building has been incredibly designed and maintained with a modern build-out and upgraded mechanicals throughout. Can be easily converted back to industrial, warehouse, flex, light manufacturing, or any entertainment type use. Current build-out includes three loading docks, full kitchen, walk-in cooler, walk-in freezer, 8 restroom facilities, showers, courtyard, locker room and more. The entertainment side of the house includes 4 stages, 2 bars, 8 VIP rooms, private entrances, DJ booth, reception, and coat check room. Mechanicals feature eleven RTU'S (ten 20-ton units and one 15-ton unit) offering temperature control, upgraded electric with 1200 amps and 3-phase power, 18' ceilings, fully sprinklered, and a new roof in 2009. Annual maintenance reports available upon request. Tons of value in the infrastructure alone. Security includes security system, retractable gates, and secure fenced site with exterior monitoring systems. Located in a TIF District, this 2-plus acre site with 131 parking stalls offers excellent visibility from I-94 with over 160,000 VPD and pylon signage. Combine this property with an adjacent approximate 24,000 SF industrial facility on 1.3 acres. Please see MLS #12085273 for more information. Loads of potential, incredible value with infrastructure improvements, great visibility and easy access to I-94 make this a must see property.
Amazing Cash Flow Opportunity: Two Investment Buildings for the Price of One in the Hot West Pullman Area! Don't miss out on this incredible investment opportunity in the rapidly growing West Pullman neighborhood! This property offers two buildings for the price of one, making it an ideal project for savvy investors or rehabbers. With owner financing available, this is a fantastic chance to secure a property with great potential. The front building has suffered fire damage and requires significant work, including a gut rehab of two of its four units and a new roof. However, with the right investment, this building has the potential to generate substantial rental income. The second building on the property is in rentable condition with two units already available. This provides immediate cash flow while you work on completing the rehab of the front building. The owner is willing to consider a down payment of $20,000 and will extend the loan balance for up to 12 months to allow the buyer ample time to finish the necessary work on the front building. The best estimates suggest that approximately $60,000 will be needed to complete the renovations, including the new roof and updating the units to a marketable standard. The owner is confident that once the renovations are completed and the apartments are rented, this property could easily sell for more than $300,000. This is a prime opportunity to invest in a property with enormous potential for appreciation. Whether you are looking for a long-term investment or a project to rehab and flip, this property offers great value. Act fast-this kind of opportunity doesn't come around often!
+/-21, 668 sf One story Free Standing Commercial Building on a +/-43,237sf site. Versatile building with a B3-2 Zoning that will allow for a variety of uses. Building is currently demised into 2 units. The west end unit is approximaely 9,386sf, the east unit is approximately 12,282sf . Also included is the 2,800sf adjacent freestanding building that is currently leased on a month to month basis to the 9th Ward Aldermanic office. The area surrounding 112th Pl & State St in Chicago, IL, offers a prime investment opportunity for Office / Retail or Medical uses. Within a 3-mile radius, the location provides access to urban amenities, nearby public transportation and educational institutions. Prospective investors will appreciate the area's proximity to many city attractions. It's a compelling location for those seeking to capitalize on the vibrant Chicago market. The area is densely populated and has high day time traffic. Close proximity to Interstates 57 & 94.
Great shape all Brick building mix use property. First floor convenience store with restaurant kitchen in the back. 2nd floor 5 bedroom 1.5 bath 2 living rooms. Empty basement use for storage. Huge back lot. Central A/C & heat. Last remodeled 2022 needs some TLC to bring it back to life. Great investment property opportunity!
SO MANY POSSIBILITIES FOR THE SMART BUYER/INVESTOR. RUN YOUR BUSINESS FROM THE 1ST FLOOR UNIT AND LIVE IN THE 2ND FLOOR UNIT, OR RENT OUT ONE UNIT OR BOTH FOR INCOME. BUILDING IS VACANT AND IN NEED WORK, BUT HAS SO MUCH POTENTIAL, INCLUDING THE FULL UNFINISHED BASEMENT. MOTIVATED SELLER, REASONABLE OFFERS WILL BE CONSIDERED!
Calling all Investors & Business owners. This commercial space has approximately 4200 sf on the corner lot, in a high traffic area, with lots of visibility. It's open concept will accommodate & support any vision you bring to life. Lots of window exposure as well as a private parking lot attached. Zoned B3-1. Property being leased/sold "AS IS".
All brick building with great cash flow!!!!!! All units are rented,, 6 apartments and 2 retail store fronts. One store front vacant, needs re-hab. Each store front unit is about 25' X 40'. Each store also has a half bath and a storage room. There are 4-one bedroom apartments and 2-3 bedroom apartments. Long term tenants. All hardwood floors. Newer windows and steel entrance doors for each apartment. Roof is 4 years old, tuck pointing was done in 2017, newer back porches were replaced in 2015. A new high efficiency boiler was just installed, in the past year.. newer water heater and newer commercial grade downspouts installed. Separate electric meters. Circuit breakers. In the basement there are Coin-op washers and dryers in the large laundry room, 6 individual storage units, an office and the boiler room. Off street parking in the rear of the building. Partial fenced yard.
Bring back to life this historic 14,256 sq ft on the busy shopping Halsted strip. This building is located in the West Pullman community which is filled with a long heritage of agriculture, factory production and transportation. There is plentiful transportation options, including easy access to Metra, I-57 and I-94. Currently zoned as B3-5 and has a daily traffic count of 18,735 this is a perfect location for innovative real estate development. Owner has added a new roof that less than two years ago and is still under warranty that will be passed on to the new owner.
Well you've seen this offered before, but deal fell through. Come take a look at your new business venture. Currently built out as a family style restaurant and bar. There are just a few steps up to the bar area that was enjoyed by local neighbors and friends for get togethers. Restaurant is currently closed but is able to reopen with your own added touches. Bar area could be converted for additional seating to the restaurant or small meeting room or banquet area. The existing equipment will remain with the sale. The building also has a basement, and a 2nd floor large apartment area, which allows for this to be a mixed use property. Schedule your appointments today.
Freestanding building approximately 700sf on a +/-5,250sf corner lot. The site has 2 curb cuts. One on 119th St and another on Parnell. Ideal location for small office, retail or restaurant. The interior was recently remodeled.
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