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!
Learn more about Chicago.
Pleased to present the opportunity to purchase 1303 W Chicago Ave, Chicago, IL-a mixed-use investment in the heart of West Town, Chicago. Located on Chicago Ave, directly across from Eckhart Park and Field House, and just steps from the Chicago Blue Line stop and Milwaukee Ave, this property offers high visibility and strong rental potential. Commercial Space Features: 1,100 SF open retail space with 11-foot clearance ceilings, white tin ceilings, and original wooden floors, creating a unique and character-rich setting. Previously used as a photographer's studio, the space includes a dark room for film development. Zoned B1-2, it accommodates a variety of business types, including art galleries & studios, boutique retail & showrooms, cafes, specialty coffee or juice bars, creative offices & design studios, wellness & beauty services, tattoo & piercing studios, photography & content creation studios, and specialty retail. The average lease rate for similar commercial spaces in the area is 29.00 dollars per square foot (PSF), with lease types such as MG or NNN, providing flexibility for ownership. In this sought-after area, leases typically start at a five-year minimum term, ensuring stability and long-term rental income. Second-Floor Residential Unit: A spacious two-bedroom, one-bathroom apartment overlooking Chicago Ave, featuring a full HVAC system (forced hot and cold air), original wooden floors, an ample-sized kitchen, and separate living and dining rooms. The layout is designed to maximize openness, allowing natural light and movement to flow seamlessly throughout. A private wooden deck and large backyard provide an inviting space for relaxation or entertaining. Residential rental rates in West Town for similar two-bedroom units typically range between two dollars+ to three dollars+ per square foot, depending on unit size, location, and amenities. Neighborhood Highlights: This rapidly growing area is experiencing significant development, with new projects enhancing the long-term appreciation potential and increasing demand for commercial and residential spaces. The property is steps from popular restaurants, cafes, and local shops, fostering a dynamic atmosphere. Excellent transit access includes the 66 Chicago Avenue CTA bus stopping at the door and the Chicago Blue Line station just two blocks away, with easy access to I-90/I-94 for added convenience. The thriving West Loop, known for its innovation, dining, nightlife, and commercial developments, is within walking distance. Additionally, the property is directly across from Eckhart Park and Field House, offering green space and community amenities. With strong rental potential, high visibility, and a prime location, this property presents a rare opportunity for investors, business owners, and those seeking a dynamic live/work space in one of Chicago's fastest-growing neighborhoods. Don't miss your chance to own this exceptional mixed-use building in the heart of West Town. Note: Rental rates are based on current market listings as of March 1, 2025, and may vary based on specific unit features and market conditions.
Santa Maria Addolorata Church on six lots at the SEC of Ohio and Ada. Prime development opportunity adjacent to the West Loop inside the Grand and Chicago Ave's corridor. The local area is densely built historically and currently - Loop, subway stops and expressway access are all nearby. Stunning skyline view. Zoned RS3. Survey under additional information. Tenant in the basement that may need time to get out. Sold as-is. Deed Restrictions apply. inquire and listed under additional information
Fantastic location! Right off the Kennedy Expressway and the Division Blue Line Train Station. Beautiful Art Deco 4 Story Red Brick Building. The property is centrally located in the desirable Wicker Park neighborhood of Chicago offering easy access to some of Chicago's best restaurants nightlife and shopping. The Division Blue Line is a quick 2-minute walk out the front door and the property offers easy access to I(94) with an entrance /exit ramp just one block away. Located on the same block as Near North Montessori Private School and Holy Trinity Private High School. BUILDING IMPROVEMENTS - YEAR OF IMPROVEMENTS 2009-2020 New common brick parapet walls east & west elevations, 13 courses down. All new common brick chimneys lined with clay flutes. New roof full tear off: * Added 1/2-inch installation foam board. * Red Rosin paper, # 20 pound felt paper, mopped solid with hot asphalt tar, 5 Mil modified white granulated modified bitumen touch down rubber roof. All new windows, commercial grade double pane "low e" argon 1/8-inch glass each pane. Custom Four-Story Steel deck back porch. Entire West elevation grade excavated 6' below grade down, all new common brick installed, with a 5-mil modified bitumen touch down rubber membrane. All new Cooper drain lines. All new copper water supply lines hot and cold. New HVAC systems 3rd Loft & 2nd Loft. All apartments have newer Hot Water Tanks, approximately 4-5 years old. All new electrical breaker panels with updated wiring through steel conduit.ABOUT THE NEIGHBORHOOD West Town, located in Chicago, in the U.S. state of Illinois, northwest of the Loop, on Chicago's West Side is one of 77 officially designated Chicago community areas. Much of this area was historically part of the city's Polish Downtown, and its name may refer to Western Avenue, which was the city's western boundary at the time of West Town's settlement, but more likely was a convenient abstraction by the creators of Chicago's community areas. Then, as now, West Town was a collection of several distinct neighborhoods. It was the most populous of the community areas from their creation until it was surpassed by Near West Side in the 1960s. The boundaries of the community area are the Chicago River to the east, the Union Pacific railroad tracks to the south, the former railroad tracks on Bloomingdale Avenue to the North, and an irregular western border to the west that includes the city park called Humboldt Park. Humboldt Park is also the name of the community area to West Town's west, Logan Square is to the north, Near North Side to the east, and Near West Side to the south. Currently, as well as historically, the collection of neighborhoods in West Town along with the neighborhoods of Bucktown and the eastern portion of Logan Square have been referred to by media as the Near Northwest Side Noble Square is directly east of East Village. The generally accepted boundaries of Noble Square are the Kennedy Expressway on the east, Ashland (1600 W) on the west, Division (1200 N) on the north, and Chicago (800 N) or Grand (500 N) on the south. The name apparently refers to Eckhart Park, a one-block square park at the northeast corner of Chicago and Noble (1400 W). Its identity may be disappearing: real estate agents have been including its northern half as an eastern section of Wicker Park, while the southern end of this neighborhood has been identified as West Town since around 2000. This neighborhood was listed as "West Town" in 19th-century census records. Erie Neighborhood House, a social service agency tracing its roots to the settlement house movement of the 19th century, has operated in the neighborhood since 1870, providing services ranging from early childhood education and after-school programming to ESL and citizenship classes for adults. [31] Its historic location is near the intersection of Erie (632 N) and Noble (1400 W).
Mixed use building now available on a vibrant, walkable street with great dining and retail options nearby! Features a store on the main level, and duplex-up apartment beginning on the 2nd level. The apartment has been tastefully updated while still preserving much of the original charm & woodwork; and features 3 bedrooms/2.5 bathrooms, as well as 3 separate, private outdoor spaces. Cook with ease in a master craftsman-built kitchen that features GE & Bosch stainless steel appliances, granite island, 48" cabinets, eat-in area and private terrace - perfect for grilling! A living room, dining area and office space (with custom desk and built-ins) help the "1st" level of the upstairs apartment feel really spacious, and there's plenty of room for occupants to simultaneously share the space without stepping on each other's toes. This level also features a powder room and in-unit, side-by-side laundry - just off the kitchen. Upstairs are 3 bedrooms (including a primary suite with huge bedroom and generous walk-in closet; plus an ensuite bathroom that boasts a double vanity and oversized shower with bench) and another private deck as well as another full, hallway bathroom. The store features 850 square feet of vacant, rentable space; this level has been used as both a vintage clothing store and an art gallery by the most recent previous occupants. Lots of exposed brick, 14' timber ceilings and dimmable designer lighting make this a turnkey space for tenants. Freshly painted and featuring newly-refinished floors, this space also includes a butcher-block counter with small sink and powder room. Accessible from the store is also 900 sq ft of great basement storage. The store space is armed with a central alarm system. Behind the building is a large, beautifully-landscaped courtyard with storage shed, as well as a 2-car garage and gated access to the alley/trash. A great opportunity for an investor, or owner-occupant who wishes to operate their business out of the commercial space below!
Prime Chicago's Northwest Loop/River North, a neighborhood combining commercial and residential at the corner of Chicago Ave., and Green St., just steps west of Halsted St., historical charm six-story brick loft timber building with today's functionality, featuring passenger elevator, 13' and 12' ceilings height, original exposed brick walls, each floor has 2-sets of large female and male bathrooms, 2-wide staircase on the east side and the northwest side, exposed heat and AC ceiling ducts, lots of wide & large windows providing natural lights in, 2009, sprinkler system, 833- 843, Chicago Ave., buildings are 3-story height. Minutes to Chicago's loop, Magnificent Mile/Michigan Ave., major roads, interstate, bus stops, and within a short distance to the train station. 3-toproof furnaces, 2020 and 2010. Downtown service district, of DS 5 zoning/downtown's periphery with continued growth. This beautiful building and great location provide immediate stable income with value-add opportunity/potential. The property is currently about 80% occupied. The street level 10,000 Sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.
Prime Retail Commercial Condo on Stop-Light Corner in West Town! Located on the NWC of Noble & Grand Avenue with daily traffic counts near 9,000, the Space itself is a 1,228 SF commercial condo with 12 foot ceilings, Central Air, and set up as a vanilla box with a dividing wall in back area for storage, sinks, and bathroom. The location has been the same concept for 15+ years with Green Grocer kicking off and Isabel's Wine Cellar & Pantry rounding out the last 5. Ideal for Owner / User as Business w/ Real Estate is for sale as well. **Liquor License + Name + FF&E + Inventory can be also purchased / negotiated. For more information, please reach out directly to Co-List Agent.
Stunning retail condo for sale in the vibrant Wicker Park neighborhood, a prime area that has seen significant development in recent years. This is a fantastic long-term investment opportunity! Please note that only the real estate is being sold, not the business. Do not disturb the tenant. The 1,400 SF property is currently leased to a restaurant tenant who has been in place since 2009, with two lease renewals, reflecting their strong commitment to the location.
6,000 square foot timber warehouse along the North Branch of the Chicago River and adjacent to the Lincoln Yards development. The warehouse spans roughly 100' x 60' with ceiling heights ranging from 14'-16'. Multiple skylights bring in lots of light, and a large overhead door opens directly onto Ada Street. This is directly across the street from the future Lincoln Yards planned development. M3-3 zoning allows for a wide variety of uses and much more density. Adjacent 7,000 square foot raw space available as well. Lots of nearby investment including several venues (Salt Shed, Outset, Hideout), the expansion of the 606 trail, and easy access to Lincoln Park and Bucktown.
Beautiful 2550sf architect's office in turnkey condition for lease. Modern interior with gorgeous walnut planked walls, skylights & 15' ceilings at the entry, leading you past a private office & conference room. Commercial grid style windows create a bright open office concept, easy to reconfigure to your needs. Additional 2000sf semi-finished basement with 7'10" ceilings can be finished as desired offering a total of 4550sf. Potential uses include: event space, office, light manufacturing, warehouse, wholesale uses and more. One block to Blue Line Chicago stop, I-90/94, Goose Island, upcoming Bally's Casino and Lincoln Yards. Entire building also for sale. Contact brokers for more information.
Incredible opportunity for investors seeking versatile office space or the potential to convert into a mixed-use property. This all-brick building, situated on a 25x120 lot, offers approximately 6K+ sq. ft of usable space across its main and upper floors (does not include basement). Favorably zoned as B1-2 zoning, providing Incredible opportunity for investors seeking versatile office space or the potential to convert into a mixed-use property. This all-brick building, situated on a 25x120 lot, offers approximately 6K+ sq. ft of usable space across its main and upper floors (does not include basement). Favorably zoned as B1-2 zoning, providing investors with the ability to convert building to a mixed building (residential and commercial), potentially add another floor, and allow for commercial space (i.e., retail, coffee shop) making this property even more attractive for future development. Prime Location: High foot traffic area near the corner of Chicago Avenue and Noble Street. Across from Lush Wine bar, Five Star, and less than a mile away from the new Bally Casino. Less than 1/2 mile from the Chicago Blue Line station/ Major bus stops just steps from the entrance. If you're looking to relocate your business, lease out office space, or embark on a redevelopment project, this property provides options and in a great location. Existing Building Highlights: i) Well renovated office space providing over 6K+ square ft allowing any investor with the ability to lease the space day 1 post ownership ii) Bathrooms: Equipped with 2 half-baths and 1 full bath on the second floor for added convenience iii) Security Features: Building equipped with key card access throughout the space, providing safe and secure access, as well as camera security system, iv) Additional Space: Includes a usable basement level for storage or potential build-out, not included in the 6K+ sq. Ft of useable space between the main and upper floors; v) Furniture & Electronics: The owner is open to negotiating the sale of furniture and electronics currently in the building. Building includes Wire/wireless data network, vi) Potential Parking: Space is currently being used as enclosed storage/IT room but can be converted to a 2 tandem parking (up to 4 cars total) or more depending on how the investor looks to utilize the rear of the building, vii) Prime For Multi-Unit Conversion: Upper floor can be converted to rental units, and back end of the building can accommodate heated enclosed parking. Additionally, the main floor can be used for retail space in a high traffic area on Chicago Avenue. Please Note taxes have been reassessed on the property for 2024 and annual taxes are expected to be ~36K for the full year.
Three parcel portfolio along the North Branch of the Chicago River and adjacent to the Lincoln Yards development. This unique assembly includes a raw artist studio with approx 7,200 sq ft over two levels, a stunning timber loft residence with courtyard and indoor/outdoor spaces, and a 6,000 sq foot timber warehouse. The parcels function separately or collectively. 1686 N ADA: The warehouse spans roughly 100' x 60' with ceiling height ranging from 14-16'. Multiple skylights bring in lots of light, and a large overhead door opens directly onto Ada street. 1684 N ADA: One of the most unique homes in the city, this original factory has been thoughtfully converted into a remarkable private residence. Enter into the courtyard via an overhead garage door from the alley. Timber ceilings, fire block & concrete walls. Approximately 3,500 square feet of live/work space. Currently configured as a one bedroom, two bathroom home with wide open living spaces. Large gallery opens to the courtyard, perfect as a work space & for entertaining. The gallery could be converted into additional bedrooms if desired. Building underwent complete renovation ~15 years ago: radiant heated floors, tear off roof, new steel windows & doors, and the addition of outdoor space. Parking for 2+ cars in the indoor garage and several more in the private courtyard. 1682 N Ada: 7,000+ square foot raw studio space that connects the other 2 parcels. This could be a continuation of the residence or it could support the large open timber warehouse with bathrooms, a kitchen, bar, etc. M3-3 allows for a huge variety of uses, and creates plenty of allowable additional FAR and height. Keep the spaces separate, or combine for a stunning collective space. The residence at 1686 currently is used as an event space hosting weddings, parties and photo shoots. Bookings currently through October 2025. The location provides for abundant nearby parking with easy highway & downtown access. Several music venues nearby include The Salt Shed, Outset, and The Hideout. The Lincoln Yards development is right across the street and will bring thousands of residential and office spaces to the area along with infrastructure improvements like parks and a continuation of the 606 trail.
Welcome to this spacious commercial bi-level condominium that features versatile B3-2 zoning and provides a generous total of 2,482 square feet of prime space. This property is ideal for a variety of business ventures, seamlessly blending functionality and convenience. The main level encompasses 1,241 square feet and includes an expansive open area that can accommodate any business concept you envision. It also features a convenient half bathroom for customers or staff and a dedicated storage room to keep your business organized. This flexible layout is perfect for creating a welcoming environment for clients or customers, making it suitable for various setups such as a beauty salon, spa, or nail shop. The lower level also spans 1,241 square feet and offers a receiving area lobby, perfect for greeting clients or customers. It includes a full bathroom for added convenience, a laundry area for easy maintenance, and three private offices or rooms that are ideal for personalized services or administrative tasks. Additionally, there are two large closets or storage areas to ensure ample storage and a kitchenette to cater to staff needs or small refreshments. This level is designed to provide a comprehensive suite of amenities, creating a comfortable and efficient work environment suitable for various business operations. The property is sold "AS-IS WHERE IS," presenting a solid investment opportunity, as there is nothing left to do but collect rent. This condominium represents an outstanding chance for entrepreneurs looking to establish or expand their business. With its strategic location and versatile layout, it is well-positioned to support various commercial endeavors, making it a property you won't want to miss.
Great opportunity to own or lease a unique 2800 SF clear-span building with 22.5' high ceiling! No columns or pillars. The lot is 3,125 SF. There is a partial basement with 7' ceiling. Formerly housing evilOlive, a renowned bar/nightclub, this location boasts tremendous visibility from the 3 streets forming Polish Triangle. Division CTA Blue line and bus stops are located just across the street. Vehicle traffic counts along these streets include: 15,400 VPD on Division Street, 23,400 VPD on Ashland Avenue, and 12,100 VPD on Milwaukee Avenue. I-90/94 ramp is 2 blocks away for convenient access. The immediate vicinity features a lively mix of bars, restaurants, and well-known retailers such as Target, Popeyes, Wendy's, Foot Locker, Fifth Third Bank, PNC Bank and Verizon.
Huge duplex down commercial condo in the heart of River West bordering the exploding West Loop, West Town, and Fulton Market neighborhoods! This beautifully rehabbed unit was updated in 2021 and boasts 2 floors, a well thought out floor plan, and beautiful finishes. The open concept first floor has hardwood floors, dramatic ceiling height, tons of natural light, a snack station, extra storage areas, and a bathroom. The lower level layout was expertly designed with a gathering area, a gorgeous glass enclosed conference room and office, kitchen, bathroom, and hidden server room. Floor to ceiling windows on the first floor allow tons of light to both levels through the large atrium. There's space for 3 parking spots in the rear of the building. The property is located in a highly dense residential and commercial area with strong vehicular traffic counts. Area tenants include My Chicago Golf, Orange Theory, CVS, Dunkin' Donuts, Urban Market, Matchbox, Starbucks, Erie Street Auto Body, and many more. You're only 2 blocks to the Blue Line L stop and access to Kennedy Expressway. This is the perfect space to showcase your business!
Location, Location, Location, Church building for sale in the hearth of Noble Square neighborhood, one story brick building about 1850 sqf. with a full basement. This building has been a blessing to the current congregation for many years and now is time to move on. Continue using as a place of worship or convert to commercial or residential use. Location is booming with lots of new construction. potential uses could be but not limited to; 2 story single family home or multi family building (RT4) already in place, convert to a neighborhood specialty restaurant, coffee shop, bakery, breakfast place, or neighborhood convenience store, use as a live-in artist art studio, or professional services office. Very family and pet friendly neighborhood with good foot traffic. property is just a block away from Pulaski park , 2 minutes to I90, Ashland Ave and Milwaukee Ave.
Location, Location, Location, Church building for sale in the hearth of Noble Square neighborhood, one story brick building about 1850 sqf. with a full basement. This building has been a blessing to the current congregation for many years and now is time to move on. Continue using as a place of worship or convert to commercial or residential use. Location is booming with lots of new construction. potential uses could be but not limited to; 2 story single family home or multi family building (RT4) already in place, convert to a neighborhood specialty restaurant, coffee shop, bakery, breakfast place, or neighborhood convenience store, use as a live-in artist art studio, or professional services office. Very family and pet friendly neighborhood with good foot traffic. property is just a block away from Pulaski park , 2 minutes to I90, Ashland Ave and Milwaukee Ave.
The subject property is located at 838-840 West Grand Ave., Chicago, IL 60642 (the "Property"). This is an urban mixed-use investment located in Chicago's dense and affluent River West neighborhood. The subject property is zoned DX-3 and situated in a mixed commercial and residential city setting. Featuring a two-story building, 6,243 SF GLA, 3,092 SF (76.74 x 40.29) lot, and 4 plus car parking. The latest neighborhood investments such as new construction condos/rentals, restaurants, nightlife, supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in Fulton Market District. This is an excellent investment and potential future development opportunity.
Copyright © 2025 MREDSelectSites.com
Website designed by Constellation1, a division of Constellation Web Solutions, Inc.