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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Introducing the Historic T.K. Lawless Building at 4301-4309 S. King Drive-A Prime Development Opportunity in Chicago's Vibrant Bronzeville Neighborhood. This iconic two-story commercial office building, named after the pioneering dermatologist Dr. Theodore "T.K." Lawless, serves as a testament to Bronzeville's rich cultural and historical heritage. The property spans 10,900 SF on a strategic corner lot with 109 feet of frontage along East 43rd Street and 100 feet on S. King Drive, ensuring excellent visibility and access in a district known for its deep historical roots and vibrant community life. The building itself encompasses a total building area of 12,580 SF. The layout includes spacious administrative offices and conference rooms on both floors, ideal for redevelopment into a variety of uses such as educational facilities, creative lofts, or community centers. Highlighted by a striking mural of Nat King Cole, the building reflects the neighborhood's legacy as a hub for influential African American artists and intellectuals. Strategically located within Bronzeville, the T.K. Lawless Building is poised near major Chicago attractions and essential transportation links. It is just a short 5-mile drive from the Chicago Downtown Central Business District, offering potential for significant commuter and consumer traffic. Proximity to the Dan Ryan Expressway (I-94), only 1.20 miles to the west, and Lake Shore Drive, merely 0.50 miles to the east, provides excellent connectivity to the wider Chicago area. Public transportation is readily accessible, with several Chicago Transit Authority (CTA) bus routes passing directly by the building, enhancing its appeal to both visitors and everyday commuters. The building's location is also within easy reach of renowned Chicago landmarks such as the Museum of Science and Industry, the future Obama Presidential Center, and the bustling corridors of the University of Chicago, all less than 10 minutes away. Zoned B3-3, Community Shopping District, the T.K. Lawless Building presents a rare and valuable opportunity for developers and non-profit organizations to reinvent a significant piece of Chicago's heritage. Whether envisioned as a cultural center, educational institute, or creative workspace, this property offers a unique canvas to create a landmark that honors its historical significance while embracing contemporary needs. Seize the opportunity to transform the T.K. Lawless Building into a modern legacy in the heart of Bronzeville, where history meets boundless potential.
Introducing the Historic T.K. Lawless Building at 4301-4309 S. King Drive-A Prime Development Opportunity in Chicago's Vibrant Bronzeville Neighborhood. This iconic two-story commercial office building, named after the pioneering dermatologist Dr. Theodore "T.K." Lawless, serves as a testament to Bronzeville's rich cultural and historical heritage. The property spans 10,900 SF on a strategic corner lot with 109 feet of frontage along East 43rd Street and 100 feet on S. King Drive, ensuring excellent visibility and access in a district known for its deep historical roots and vibrant community life. The building itself encompasses a total building area of 12,580 SF. The layout includes spacious administrative offices and conference rooms on both floors, ideal for redevelopment into a variety of uses such as educational facilities, creative lofts, or community centers. Highlighted by a striking mural of Nat King Cole, the building reflects the neighborhood's legacy as a hub for influential African American artists and intellectuals. Strategically located within Bronzeville, the T.K. Lawless Building is poised near major Chicago attractions and essential transportation links. It is just a short 5-mile drive from the Chicago Downtown Central Business District, offering potential for significant commuter and consumer traffic. Proximity to the Dan Ryan Expressway (I-94), only 1.20 miles to the west, and Lake Shore Drive, merely 0.50 miles to the east, provides excellent connectivity to the wider Chicago area. Public transportation is readily accessible, with several Chicago Transit Authority (CTA) bus routes passing directly by the building, enhancing its appeal to both visitors and everyday commuters. The building's location is also within easy reach of renowned Chicago landmarks such as the Museum of Science and Industry, the future Obama Presidential Center, and the bustling corridors of the University of Chicago, all less than 10 minutes away. Zoned B3-3, Community Shopping District, the T.K. Lawless Building presents a rare and valuable opportunity for developers and non-profit organizations to reinvent a significant piece of Chicago's heritage. Whether envisioned as a cultural center, educational institute, or creative workspace, this property offers a unique canvas to create a landmark that honors its historical significance while embracing contemporary needs. Seize the opportunity to transform the T.K. Lawless Building into a modern legacy in the heart of Bronzeville, where history meets boundless potential.
Excited to present an exclusive opportunity to acquire a single office/retail condo located in the vibrant neighborhood of Bronzeville, Chicago. Property Details: Location: 3957 S. King Dr. Condo B, Chicago, IL 60653 Square Footage: 900 SF List Price: $350,000 Price per SF: $389/SF Zoning: Commercial B3-3 Current Tenant: Month-to-month lease, paying $1,300/month Pro Forma Rent: $1,500/month Investment Highlights: Location: This retail condo is situated in the historic Bronzeville neighborhood of Chicago, a thriving community known for its cultural significance and revitalization efforts. The area benefits from high foot traffic and proximity to public transportation, local businesses, and residential developments, making it an ideal location for retail tenants. Current Income: The property is currently leased to a tenant on a month-to-month basis, paying $1,300 per month ($15,600 annually). This arrangement provides flexibility for an investor to renegotiate or secure a long-term lease at market rates. Pro Forma Income: The projected market rent for this retail space is $1,500/month, which would generate $18,000 annually. This increase offers an immediate value-add opportunity for an investor looking to boost cash flow. Strong Price per SF: At $389/SF, this property is competitively priced for the Bronzeville market, offering long-term appreciation potential as the neighborhood continues its growth trajectory. Financial Overview: Current Gross Annual Income: $15,600 Pro Forma Gross Annual Income: $18,000 Potential Upside: With a pro forma rent increase of $200/month, the annual rental income could increase by $2,400. Market & Neighborhood Outlook: Bronzeville is experiencing ongoing redevelopment and investment, making it a highly desirable location for retail and mixed-use properties. The retail condo is well-positioned to benefit from the area's growth, driven by new residential projects, cultural attractions, and retail demand. Investors can capitalize on the neighborhood's upward trend while enjoying stable rental income and long-term appreciation. Investment Summary: This 900 SF retail condo at 3957 S. King Dr. Condo B presents a solid investment opportunity with existing cash flow and potential for rental growth. At $350,000, the price is favorable for investors seeking to acquire retail space in a vibrant and growing Chicago neighborhood. With the potential to secure a long-term tenant at a higher rate, the property offers both short-term income and long-term value appreciation.
THIS STRUCTURE WAS PREVIOUSLY USED AS A CHURCH, OWNER ATTEMPTED TO MODIFY IT AS AN EVENT CENTER. THE PROPERTY IS READY FOR ALL YOUR IDEAS. IT COULD BE USED AS A CHURCH, EVENT CENTER, CONDO OR TOWNHOMES. OWNER IS READY TO WORK WITH ALL OFFERS AND IDEAS. BUILDING IS BEING SOLD IN "AS-IS" CONDITION
Proudly presenting an unparalleled opportunity to own a piece of Chicago's storied Bronzeville neighborhood, an area undergoing a transformative renaissance. This is an extraordinary chance to purchase a historic landmark in the heart of Chicago's burgeoning Bronzeville neighborhood, an area at the forefront of urban revitalization and growth. Built in 1922 as the South Side Trust and Savings Bank, this iconic 20,171 square foot building showcases stunning Classical Revival architecture by renowned architect Albert A. Schwartz, featuring limestone facades, grand Corinthian columns, and intricate architectural details that make this a standout property for any visionary developer. The property's B1-1 zoning allows for a wide array of potential uses, including mixed-use development, retail, office space, or even a residential conversion. Situated on a highly visible corner lot, the building benefits from dual street frontage, offering exceptional exposure to both vehicle and foot traffic. The property is further enhanced by two adjacent parking lots, providing significant value for future commercial tenants or customers seeking convenience. The strategic location and flexibility of this property make it ideal for developers looking to capitalize on the ongoing transformation of Bronzeville. Bronzeville, historically significant and culturally rich, is undergoing a resurgence driven by major public and private investments, including the Bronzeville Lakefront megadevelopment just minutes away. This major project will bring an influx of new residential units, retail spaces, and life sciences facilities, cementing the area as a hub for innovation and growth. The property is also close to several cultural landmarks, including the DuSable Museum of African American History and the forthcoming Obama Presidential Center, ensuring that this location will continue to benefit from increasing foot traffic, tourism, and community investment. The area is home to thriving businesses, restaurants, and retail, and developers will appreciate its proximity to major transportation routes. The property is easily accessible via CTA bus routes, the Green Line station, and is a short drive from Lake Shore Drive, I-90/94, and I-55, making travel to and from downtown Chicago and the surrounding areas seamless. In addition, the proximity to the University of Chicago and the Medical District positions the property at the intersection of education, healthcare, and business, making it an attractive location for a wide range of potential tenants or buyers. For developers, this site offers limitless possibilities. Whether you envision creating a mixed-use hub, a luxury residential conversion, or a corporate office space, 4659 S Cottage Grove Ave stands ready for a transformative project that will add value to the already flourishing Bronzeville neighborhood. As the Bronzeville area continues to see heightened development and economic activity, the opportunity to own a historic, well-located property like this is truly rare. Take advantage of this opportunity to shape the future of Bronzeville. With its historic charm, prime location, and proximity to major investments and cultural landmarks, 4659 S Cottage Grove Avenue is poised for its next chapter.
MoHall Commercial proudly presents an unparalleled opportunity to own a piece of Chicago's storied Bronzeville neighborhood, an area undergoing a transformative renaissance. This is an extraordinary chance to purchase a historic landmark in the heart of Chicago's burgeoning Bronzeville neighborhood, an area at the forefront of urban revitalization and growth. Built in 1922 as the South Side Trust and Savings Bank, this iconic 20,171 square foot building showcases stunning Classical Revival architecture by renowned architect Albert A. Schwartz, featuring limestone facades, grand Corinthian columns, and intricate architectural details that make this a standout property for any visionary developer. The property's B1-1 zoning allows for a wide array of potential uses, including mixed-use development, retail, office space, or even a residential conversion. Situated on a highly visible corner lot, the building benefits from dual street frontage, offering exceptional exposure to both vehicle and foot traffic. The property is further enhanced by two adjacent parking lots, providing significant value for future commercial tenants or customers seeking convenience. The strategic location and flexibility of this property make it ideal for developers looking to capitalize on the ongoing transformation of Bronzeville. Bronzeville, historically significant and culturally rich, is undergoing a resurgence driven by major public and private investments, including the Bronzeville Lakefront megadevelopment just minutes away. This major project will bring an influx of new residential units, retail spaces, and life sciences facilities, cementing the area as a hub for innovation and growth. The property is also close to several cultural landmarks, including the DuSable Museum of African American History and the forthcoming Obama Presidential Center, ensuring that this location will continue to benefit from increasing foot traffic, tourism, and community investment. The area is home to thriving businesses, restaurants, and retail, and developers will appreciate its proximity to major transportation routes. The property is easily accessible via CTA bus routes, the Green Line station, and is a short drive from Lake Shore Drive, I-90/94, and I-55, making travel to and from downtown Chicago and the surrounding areas seamless. In addition, the proximity to the University of Chicago and the Medical District positions the property at the intersection of education, healthcare, and business, making it an attractive location for a wide range of potential tenants or buyers. For developers, this site offers limitless possibilities. Whether you envision creating a mixed-use hub, a luxury residential conversion, or a corporate office space, 4659 S Cottage Grove Ave stands ready for a transformative project that will add value to the already flourishing Bronzeville neighborhood. As the Bronzeville area continues to see heightened development and economic activity, the opportunity to own a historic, well-located property like this is truly rare. Take advantage of this opportunity to shape the future of Bronzeville. With its historic charm, prime location, and proximity to major investments and cultural landmarks, 4659 S Cottage Grove Avenue is poised for its next chapter.
A 3,600 square foot retail center located in Chicago, IL is available for sale. This property is situated on a substantial stretch on 47th Street in Bronzeville. Tenants at the center include Raven Scaife/Pretty Hair Boss Studio, Taqueria Varitas and LaJoie Hair Care. Prominent pedestal, ample parking and close proximity to public transportation makes this is great opportunity for an investor. This property is situated in the commercial district of Bronzeville neighborhood, one of the rapidly growing sub-divisions of Chicago's south side.
PRIME 43RD STREET MIXED USE (9 STORE FRONT ONE 2 BEDROM UNIT) COMMERICIAL PROPERTY. THIS IS A HIGH TRAFFIC LOCATION. PROPERTY IS ARCHORED BY ALICE'S BAR B Q STORE AND X-WINGS. OTHER STORES INCLUDES: BARBER SALON, BEAUTY SALON, SWEET SHOP AND EVENT SPACE. ABOVE THE SOUTHEAST CORNER WING STORE IS A 1200 SQFT 2 BEDEOOM APARTMENT. SINCE 2022 CAPITAL INPROVEMENT INCLUDES NEW FURNACE, CENTRAL AIR, NEW BATHS, PLUMBING, ELECTRIC AND TUCKPOINTING! LOCATED 2 BLOCKS FROM CTA 43RD ST. GREEN LINE AND NEW RESIDENTIAL DEVELOPMENT. TWO BLOCKS SOUTH IS THE CHICAGO URBAN LEAGUE HEADQUARTERS. DON'T MISS OUT OUT ON THIS PRIME PROPERTY THAT HAS GREAT POSSIBILTIES.
Amazing opportunity to start or to relocate your business to the very desired Bronzeville Area! Spacious 860 SF open space on the front with an 860 SF makes it look bigger with 2 skylights that shine brightly from the 16-ft ceilings. This property is super unique sits on a corner of Giles and an alley. Do not hesitate and call your Agent before this is gone! A Must Buy! Offers need to be subject to prior contract cancellation.
GRAND & ELEGANT DEFINES THE HISTORICAL MAMMOTH LIFE AND ACCIDENT INSURANCE COMPANY LIMESTONE BUILDING. ARCHITECT HENRY L. NEWHOUSE. CHICAGO'S 1ST BLACK OWNED INSURANCE COMPANY. BUILT IN 1925 THIS 7,500 SQUARE FEET BUILDING IS LOCATED IN THE HEART OF BRONZEVILLE/GRAND BOULEVARD 47TH STREET EMERGING RETAIL DISTRICT! ZONED B3-3 COMMUNITY SHOPPING DISTRICT, ALLOWS MORE TYPES OF BUSINESSES WITH APARTMENT PERMITTED ABOVE THE GROUND FLOOR. CLOSE TO GREEN LINE, LAKE SHORE DRIVE (EAST) AND DAN RYAN EXPRESSWAY (WEST) 15 MINUTES FROM DOWNTOWN CHICAGO. THIS PROPERTY OFFERS THE MOTHER LOAD OF REDEVELOPMENT OPPORTUNITIES! SOLD "AS IS". THIS PARCEL IS SUITED FOR A CREDIT UNION, BANKING INSTITUTION, ALL OFFICE TYPE BUSINESSES. NEEDS COMPLETE REHAB. SELLER HIGHLY MOTIVIATED CONSIDERING ALL OFFERS.
Attention, Investors, Rehabbers, and Home Owners.... Rarely Available! Hot, Bronzeville Development Opportunity! Beautiful Brick Church Zoned RM-5 (RESIDENTIAL) on 50x162 lot. This property has tons of potential. Current Zoning allows for Single Family or Multi-Unit development. The existing structure can be converted to a Beautiful Single family or multi-Unit. The Lot is buildable for up to 20 units. Selling As-Is, Cash or renovation loans only. No Tax proration, No Survey, all room sizes estimated. Need some notice prior to showing. Surrounded by New Construction. Excellent Prime Development Location with /Great Exposure, Minutes from Mariano's and Expressway, and Hot Bronzeville Commercial Development.
Welcome to a fantastic opportunity to own or lease a commercial retail space in the vibrant Bronzeville neighborhood of Chicago. This spacious 14,000 square foot retail building, located at 4650 S Indiana Ave, boasts 5 storefronts and is currently being remodeled to meet the modern standards of today's businesses. The property offers flexible leasing options, with the ability to divide the space as small as 1,200 square feet or as large as 7,500 square feet. The zoning of B3-3 allows for a variety of uses. This retail space is perfectly situated for easy access to transportation options, including the CTA Green and Red Line, making it a convenient location for both customers and employees. The property also has multiple access points to the 90/94 interstate, making it easy for customers to reach your business from anywhere in the city. Onsite parking is available, making it easy for your customers to visit your store. The property's high traffic location and great visibility make it an ideal location for new and existing businesses alike. Bronzeville is a vibrant community that has undergone a significant revitalization in recent years, with many new businesses and developments opening in the area. The neighborhood is known for its rich cultural history, beautiful architecture, and a thriving business community. Located just minutes from the Loop, Bronzeville is also home to many popular tourist destinations, including the DuSable Museum of African American History and the Illinois Institute of Technology. The neighborhood is also famous for its annual Bud Billiken Parade, which attracts more than one million attendees every year. In addition to its rich cultural history, Bronzeville is also home to the Bronzeville Lakefront development, a massive redevelopment project that will bring new parks, retail spaces, and residential units to the area. This exciting new development will further enhance the neighborhood's already thriving business community, making it the perfect location for your business to grow and succeed. Don't miss out on this excellent opportunity to lease a prime retail space in one of Chicago's most vibrant neighborhoods. There are two leases in place currently, Grocery store & a Daycare. Contact us today to schedule a viewing and take the first step towards your new business location.
This is a place of great opportunity. Take over at the restaurant that has been established as a neighborhood favorite or reimagine the space for your business. Developers the opportunity is there for you to develop a new space on the east lot 60 E. Pershing which is included with the sale. The building has a 3300 sq foot duplex condo that you can call home or make an outstanding Air BNB
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