Chicago IL Real Estate & Commercial for Sale

Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.

This attractive former Rainbow Beach Nursing Facility, located in the thriving South Shore neighborhood, offers 93 resident rooms with a variety of 1- to 4-bed layouts. The first floor includes a spacious reception area, staff offices, a main dining room with a large kitchen featuring walk-in coolers, two resident dining areas, outdoor activity spaces, an expansive rooftop deck, and two large parking lots accommodating up to 50 cars. This 66,000 sq ft property comprises a substantial 5-story building, built in 1998, along with multiple connected single-story buildings. Situated on Exchange Ave, it is just two blocks from the 71st Street Metra South Shore train stop and close to the lake, Rainbow Beach & Park, South Shore Beach and Golf Course, and Jackson Park Golf Course. This facility boasts an appealing combination of resident rooms and amenities.

Pleased to present the multifamily property at 7270 S. South Shore Dr. This asset represents a compelling investment opportunity in a vibrant community. The subject property is a 53-unit multifamily elevator building with a rooftop space located in the heart of Chicago's tree-lined South Shore neighborhood. It is conveniently situated fifteen minutes from the Loop and one block from the Lakefront, offering easy access to Lake Shore Drive. The property underwent a comprehensive gut renovation in 2018 and provides excellent in-place cash flow with potential for value-add investors. The property sits on a 20,555 square foot parcel. Freddie Mac Assumable Loan: This property includes an assumable Freddie Mac loan, offering a loan assumption amount of $3,808,690 at a competitive interest rate of 3.12%, with a maturity date set for May 2027. This favorable financing structure enhances the property's investment appeal, reducing the need for new financing. Fully Renovated: The property was fully renovated in 2018, featuring new plumbing, electric, and tear-off roofs. All mechanicals, including copper plumbing, hot water tanks, boiler, and sewer line to the city, are new. Modern Amenities: The building includes stainless steel appliances, dishwashers, and new baths in all units. On-Site Management: There is a dedicated on-site building manager. Laundry Facilities: The building has ten credit card operable laundry machines. Common Areas: The property includes ample on-site office and maintenance space, three common bathrooms, and a 3,800 square foot penthouse common area lounge with a roof deck offering breathtaking lake views. Elevators: Two upgraded elevators (one passenger and one passenger/freight). Electrical Capacity: The property has high capacity electrical service with room for two additional electrical meters (1600A building and 400A elevators). Parking: There are 18 dedicated surface parking spots, with potential expansion up to 22 spots. Tenant Utilities: All units are electric, with tenants responsible for baseboard heat. Unit Mix: (9) Two-bedroom units (42) One-bedroom units (1) Studio unit Rooftop Space Investment Highlights: Location: Situated in the desirable South Shore neighborhood of Chicago, close to the Loop and Lakefront. Upside Potential: With the property's strong in-place cash flow and modern infrastructure, there is significant potential for value-add opportunities. On-Site Amenities: High-quality amenities and common areas enhance tenant satisfaction and retention. Parking and Utilities: Sufficient parking and tenant responsibility for electric baseboard heating contribute to operational efficiency. This multifamily property represents a robust investment opportunity with steady cash flow, potential for value addition, and a strategic location in one of Chicago's prominent neighborhoods.

Freestanding +/-12,450sf Building on a site that is approximately 33,000sf Features include +/-45 parking spaces, high ceiling, full basement, loading area with overhead door. The site is zoned B3-2 Business -Commercial District which allows for a variety of uses. Fully built out vanalla box condition. Highly visinble corner location. The site is located on the southeast corner of 79th & Colfax in Chicago's South Chicago Community.

Terra Cotta yellow brick building looking for owner/user or investor! Large brick garage 750 to 1000 sq ft. High ceilings! 8 one-bedroom apartments and 3 stores. Property is a total gut! Plans for a living facility. Contact List Agent For More Details.

Great opportunity for the right investor "Fire Sale" only. 6837 was damaged in a fire. The 3rd floor need a total gut rehab, 2nd floor has water damage about 50% rehab and the 1st floor needs 25% rehab. 6839 is fine and has no damage. It has a brand new roof on the 6 unit. This building has five 3 bedroom with 2 baths roughly 1300 square feet. This building has a 5 Car Garage, Property being sold "as-is". 1 units occupied. Located close to Obama Library, Jackson Park, lakefront, golf course, Metra/CTA and more.

This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedroom units, is situated in South Shore, where the Obama Center is under construction, leading to significant revitalization in the area. The roof is less than 5 years old, the boiler is regularly maintained, and the hot water tank is approximately 10 years old. Additionally, there is a camera system installed on the building that will be retained. Some of the units have been renovated, and both the building and the neighborhood are peaceful and quiet. Priced to sale perfect for the investor looking for that 1031 exchange investment!

This corner (Exchange and 72nd) commercial building is an opporunity waiting to happen. Brick one-story building with a lower level is in a great, well-traveled location in the South Shore area with Metra station just across the street. A great space and setting for an eatery/coffee shop, bar or lounge, boutique, healthcare facility, small business incubator, artist/gallery space, day spa, insurance office. . .just bring your vision. Property being sold "As Is." Lot size is per Survey.

MAJOR PRICE REDUCTION! Center Entrance 6-Flat Blonde Brick Beauty In Sensational South Shore Is An Excellent Investment Vehicle As Well As A Perfect Condo Conversion Candidate. The Building Features All 4 Bed/2 Bath Units With Updated Kitchens And Baths. There Is A Full Basement For Future Duplexing Down Of The 1st Floor Units Or Possible Creation Of Two Additional Garden Units. There Is Also A 5-Car Brick Garage. So Much Potential Here! Just Needs Some TLC.

Fantastic opportunity in South Shore on 79th and Crandon. This property boasts 1 huge apartment with 3 generous-sized bedrooms and 2 full baths a large living room, dining room, den, and office space. The lower level of this mixed-use property has 2 office spaces. 2 separate oversized garages offer ample parking and storage for the property.

Mix-use building now available! Property consists of a store front opportunity for a new business, or expansion of a business. Upstairs, includes two additional apartments, currently rented. (M2M) Property is located on a high traffic area, on 79th St. Close to transportation, highway, etc.

Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum's First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is key! The property is within walking distance to the Windsor Park Metra Station and CTA buses, making public transportation a breeze. Enjoy the best of South Shore's recreational offerings with Rainbow Beach, the South Shore Cultural Center, and the picturesque Lakefront just a short stroll away. This property is not only a beautiful place to live but also a lucrative investment. With an effective gross income of $138,510.00 and a Net Operating Income of $97,153.99, it promises attractive investor returns and a great addition to a portfolio. The current owner has thoughtfully updated the units and installed individual furnaces across all units, allowing tenants to manage their own heating costs, further enhancing the property's appeal. Each unit has been meticulously updated to ensure modern comforts while retaining classic charm. The property is move-in ready, offering a seamless transition for new owners and tenants alike. Seize this fantastic opportunity to own a piece of South Shore's thriving real estate market. Schedule your visit today and envision the endless potential this property holds for your investment portfolio. For more information or to arrange a viewing, contact us now!

Fine example of Mid Century Modern Design! In the Avalon Park/South Shore TIF District, so City grants are available for the exterior and commercial space. Classic mid-century design details like wing walls and a glass front facade. Lee Bey, former architecture critic for the Sun Times, noted this building as a fine example of South Side Modern. 9-Unit mixed use building with street Level retail/office space and 8 large 1 bedroom residential units. Huge adjacent parking lot is included in sale. Each floor is approx 3,000 sqf. The building is supported with massive steel framing, so the store is clear span throughout with continuous floor to ceiling window lines. Currently the space is a business incubator with office suites, some with water, a large conference room, and a large meeting space near the street side with 2 bathrooms and a kitchenette. The 2nd & 3rd floors consist of 8 apartments, comprised of 1 bedroom/1 bathroom units. South Shore's 79th street is surrounded by businesses, medical offices, and retailers. Near South Shore Hospital. Multiple PINS 2130325025, 2130325026, 2130325027. Addresses 2404-2416 E 79th. Broker Owned.

Prime location on Stony Island, not far from the Obama Library, minutes from Jackson Park, this multi-use building was being used as a church but can easily be converted into a Daycare center or other use. It has two-bedroom apartments on the second floor that are move-in ready and a finished basement. There are 3 bathrooms. The church sanctuary can be converted into a visible business. There is ample parking as the church owns the 7 adjacent lots (which can be sold separately or sold with the building) Additional income is made from the Clear Channel Billboard that sits on top of the building because of its prime location. Newer roof. This is a tax-exempt property. Sold as-is. Additional pins for lots to be provided.

This retail space, previously used as a church, could be a great location for your next business. The large open space provides ample room for you to create and design the look you desire. Additionally, there is one extra room that can be used as an office, a nice-sized bathroom with space to add a shower and a kitchen. The basement is suitable for storage, and there is room for owner parking in the rear building, which can accommodate two or more cars. Don't wait too long, as there is a lot of redevelopment happening in this South Shore community!

22000 sq/ft office building for sale with the Cook County Land Bank, needs full renovation, buyers must register online to purchase this property directly with the Land Bank.

Looking to move your business or add another location? This is the ideal location for your Retail, Office, or Restaurant business. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. Please be sure to check the Cook County Land Banks website for offer application deadlines.

Developers Welcome! Complete Redevelopment Opportunity in the 71st & Stony Island TIF Zone & City of Chicago Recommended Opportunity Zone. 7500 SF Lot with 6600 SF Building Improvement centrally located in the high traffic, high density South Shore community. Zoned C1-3 perfect for commercial use: office, medical, storefront, daycare. Stong retail corridor: include a high-quality grocer, Subway, Walgreens and T-Mobile.

The site is located in Chicago's South Shore Community on the northeast corner of 75th St and Jeffery Blvd., a four way traffic light intersection. The area is densely populated and the site is in a vibrant mixed use business district area. The new South Shore College Prep High School is on the southeast corner of the same intersection. The major shopping district with some big box is located less than a half mile north on Jeffery Blvd.

Looking to move your business or add another location? This is the ideal location for your Retail, Office, or Restaurant business. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. OFFERS DUE BY JANUARY 19TH, 2022 AT 5:00 PM, AWARD DATE JANUARY 26TH, 2022 BY 5:00 PM.