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.
Rare opportunity to own and create a new retail business accross the street from the 95th Red Line Stop. You do not want to miss out on the marketing opportunities that this location will bring. With 55sqft of frontage any developer or savvy investor can create strong cashflow opportunities here. Contact us for more information or questions regarding zoning, highest and best use, or general information. This listing also comes with the adjoining lot next door, [9422 Lafayette or 9424 Lafayette; Pin # 25044140100000 respectively]
INVEST IN BEVERLY VIEW!---- Great opportunity to invest or set up your own storefront business with two apartments above to help pay for the mortgage. This is a three-lot, 3 pin property with 75 foot frontage on Western Ave. 23,000 car per day traffic count, this property is highly visible and next to the very active 79th street intersection with mostly new retail and fast food too. It consists of a 3 story building, has one occupied remodeled store--$2050/month-to-month---will vacate with 90 day notice. Two 2-bedroom apartments in good condition, currently vacant, lease value is about 1000/apartment. There is a full basement below for storage/commercial use plus a 2 car parking pad out back. Included is the adjoining 50x106 lot which can be paved for parking or to build more space. This address is part of the GREATER SOUTHWEST INDUSTRIAL TIF DISTRICT.
Clean and solid two story brick building located in the Industrial Corridor System Fund district (PMD) and qualifies for TIF grants. Current owner has outgrown the space and is selling the building only. This 12,000 sq. ft. building is split between two floors. The first floor has 2 garage doors with access from the street & alley, 2 bathrooms, office and a new car lift. The second floor is 6,000 sq/ft of open space and is great for storage. The second floor also has updated windows and an alley accessible second floor dock door with electric & manual hoist lift system. You can load pallets from the alley to the second floor with ease. The building's sewer system has been updated and there is a 10 camera security system included. The taxes are friendly and the zoning allows for a variety of uses like Cannabis. Please contact Adam for more information and do not disturb the business.
Discover the perfect investment with this 15-unit brick property, currently bringing in $15,680/month in gross rents. This property features a desirable mix of two-bedroom, one-bedroom, and studio apartments, plus an adjacent parking lot for tenant use. Located on a desirable block, this property boasts spacious living spaces that cater to a wide range of tenants. Meticulously maintained, it demonstrates the owners' commitment to quality, with a gas forced air system for efficient heating and separate utilities to minimize landlord expenses. Situated in a safe, quiet area just 20 minutes from the loop, tenants enjoy proximity to amenities, including shopping, dining, parks, and public transport. Offering a mix of rehabbed, updated, and vintage units, this property presents a significant value-add opportunity through potential rent increases, further renovations, and additional income streams like paid parking. An exceptional chance for both seasoned investors and newcomers, this property promises stability and significant growth potential. May be purchased as a portfolio with 6221-6235 W Wabansia, Chicago, MLS#11984243.
Excellent Building waiting for your Business to open!!!!! The first floor can be your business with several private offices. It was a Chiropractic Business prior. Also rent the second floor 3 bedroom apartment for extra income!!!!!! Two car Brick Garage in Rear......New Plumbing and electrical!!!
GREAT OPPORTUNITY TO OPEN YOUR OWN BUSINESS ON THE MAIN LEVEL AND LIVE OR RENT THE SECOND FLOOR APARTMENT. MAIN LEVEL WAS BEING USED AS A BAR WITH FULL COMMERCIAL KITCHEN AND TWO HALF BATHROOMS. FULL UNFINISHED BASEMENT. SECOND FLOOR APARTMENT FEATURES 2 BEDROOMS, LIVING ROOM, SEPARATE DINING ROOM, KITCHEN, DEN, BONUS ROOM IN THE FINISHED REAR PORCH, AND FULL BATHROOM. HUGE BACK GATED YARD. TAKE ADVANTAGE AND PURCHASE THE PROPERTY NEXT DOOR (8512 S RACINE AVE) AS A BUNDLE PACKAGE. SUBJECT PROPERTY IS AN ESTATE SALE AND SOLD AS IS.
Property tours available by appointment ONLY. Contact List Agent Tameka via text or call. Retail asset presents Investors a ground lease which presents no landlord responsibilities with value add. Traffic volume for this location exceeds 5k vehicles per day. This desirable location is in a very dense area of Chicago zone C2-1.
TURNKEY INCOME - GENERATING 2 UNIT BUILDING FOR SALE! GREAT LOCATION! VERY WELL KEPT! LOW PROPERTY TAXES A YEAR - LESS THAN $4000. THE PROPERTY CURRENTLY GENERATES $1,550 A MONTH IN RENTAL INCOME. FIRST FLOOR CONSISTS OF A LARGE RECEPTION AREA AND SEVERAL OFFICE SPACES THAT WERE USED AS DENTIST'S OFFICE AND IS NOW RENTED BY A BOILER HEATING SPECIALIST. THE SECOND FLOOR CONSISTS OF A 2 BEDROOM APARTMENT, A LIVING ROOM WITH LARGE WINDOWS, AND A SPACIOUS KITCHEN WITH BUILT-IN CABINETS, AND OVEN AND REFRIGERATOR. THERE IS A SEPARATE DINING ROOM. BATHROOM IS CHARMING WITH A TUB AND SHOWER COMBINATION. THE GARAGE NEEDS LITTLE TLC. A LAUNDROMAT IS LOCATED ACROSS THE STREET CLOSE TO MANY SHOPS AND RESTAURANTS AND PUBLIC TRANSPORTATION. FINANCING IS ACCEPTED. SOLD AS IS, PROPERTY IS ELIGIBLE FOR TIF AND NOF GRANT FUNDING. THAT'S MONEY IN YOUR POCKET!
Discover a unique investment gem! Nestled on a serene residential street, this rarely available jumbo brick 6-unit building comes complete with a 5-car garage-an exceptional find. Each of the expansive 1200 square foot units boasts a grand Living Room and Dining Room, creating a sense of space and comfort. Practicality meets luxury with separate tubs and showers in each unit, complemented by timeless oak floors throughout. The property is thoughtfully updated with newer windows, a roof installed in 2007, a rear porch (2006), a Hot Water Tank (2015), and a new boiler (2023). Additional features include a separate finished basement offering recreation space and a bonus open area, individual tenant lockers, and newer tuckpointing on the garage. Previously occupied by a long-term senior, this property is now ripe for a new chapter. Perfect for owner occupancy, there's tremendous rent upside potential. The owner is open to considering all offers but requests a demonstration of 25% liquidity for showings. This is a rare opportunity that won't last long! Act now to secure your stake in this promising investment.
MOTIVATED SELLER HAS SIGNIFICANTLY REDUCED THE PRICE! Investment Opportunity of a lifetime, appraised as-is in 2022 for $675,000. Discover the potential of this impressive 3-story mixed-use commercial building in the heart of Chicago. Featuring 8 apartments and 3 storefronts, this all brick property is a diamond in the rough, waiting for the right investor to unlock its full value. Despite needing some TLC, this property guarantees substantial returns with the right management. Imagine the possibilities of transforming this space into a thriving hub, located conveniently across from the Chicago Police Department. The long-time owner has cleared the property, paving the way for a seamless remodeling process. This is your chance to start or add to your real estate portfolio.
This West Chatham Beauty has seen a full make over from top to bottom. 2023 new tear off roof, with full insulation and a brand new rubber roof. The building has been fully tuckpointed, and individual furnaces in every unit to top it off. Newer porches overlook a secure rear courtyard for tenants' use. Stainless steel appliances, with a great amount of space in every unit. Hardwood floors have been refinished, each kitchen and bathroom has been remodeled and the hallways have been upgraded as well with plenty of lighting and new carpet. The building is fully turnkey and has the potential to gross over $125k per year in annual income. Expenses are at an all time low due to individual heat. There is ample street parking. And West Chatham is one of Chicago's most convenient commuter neighborhoods, well-served by public transportation (35 minutes to the Loop by current CTA options, soon to be even speedier). Ground-breaking at the long-awaited Auburn Park Metra station at 79th St and Lowe Ave occurred in Summer 2022, with completion expected in 2024. The $35 million station will run along the Rock Island line, north to the Loop or south into the southwest suburbs. The new ADA-accessible station will have a plaza with bicycle racks, 84-space parking lot with kiss-n-ride drop off area, attractive vendor building, and 480-foot-long platform with two shelters and a chemical-free snow melt system. The 79th St bus, Chicago's busiest route, is a block away and runs from the lakefront to the city's western limits. For drivers and bicyclists, there are multiple expressway (20 minutes to Loop) and scenic bike route (60 minutes to Loop) access points. For driving commuters, the building is situated near the confluence of interstate expressway junctions for easy access to all south and southwest Chicago suburbs, Indiana, and Michigan. Neighborhood anchor West Chatham Park, developed after World War II, is a block away. The park's 14 acres offer a clubroom building for classes and gatherings, interactive spray pool, playground, baseball & softball diamonds, and basketball & tennis courts. This is poised to deliver over a 10 cap if managed properly. Don't miss out on this professionally upgraded 9 unit!!! Easy to show!!! Schedule today!!!
~6,000 Sq Ft freestanding retail / commercial building for sale on a 7,188 Sq Ft lot. Property needs complete rehab and is priced to move. Property being sold AS-IS, 100% Tax prorations, no survey provided. High- visibility location with traffic of over 22,000 vehicles per day and a Walk Score of 81. Easily accessible to public transportation, located on CTA #79 79th bus route, 0.1 miles from CTA #9 Ashland / Ashland Express bus route, and 0.1 miles CTA #169 169th / UPS Express bus route. Please review CCLBA Offer Checklist before inquiring and please note that all offers must be submitted via the CCBLA link. OFFERS DUE BY JANUARY 25, 2024 AT 5:00 PM, AWARD DATE FEBRUARY 8, 2024 BY 5:00 PM.
SELLER SAYS SELL!! ALL OFFERS CONSIDERED!! The building formally known as Gethsemane Garden Baptist Church Established 54 years ago, in what was at the time a 75 year old building Is for sale. The most recent church in this space was established 55 years ago, in December of 1997, there was a devastating fire, much of which was rebuilt by the church family. Viewing this building gives one the sense of history and the growth of a community that has stood the slings and arrows of community change with resilience. This building has antiquities that could be salvaged for additional revenue. This building is a tribute to Chicago's past in grand architectural tradition. Pros - Brick structure estimated sq footage 7000. 2 apartments (3000 sq ft). Room for childcare, food pantry, kitchen, public meeting spaces, garden space, antiquities that value 25K on open market at the low end. Eligible for city and federal grants to rebuild, could be repurposed as a school, loft building for housing. Could be raised and could house up to 24 units on this site. No tax liability as it is a 501C3 religious class Cons - Complete rehab required Electrical, replacement including technology, kitchen, HVAC security, plumbing, sewer systems, gray water handling systems, irrigation, Dry wall, framing, sump pumps Flooring, Windows, Carpentry - basic and restoration, Apartments 2 complete restoration Elevator installation. Showings before 5 PM Sunday showings preferred.
**Exceptional Ashburn Storefront Property** - Immaculately updated in 2023, this prime commercial space in the Ashburn neighborhood offers a turnkey solution for your business. Boasting new drywall and flooring, providing a fresh canvas for your enterprise, complemented by upgraded lighting, two new modern bathrooms, a welcoming waiting area, three private offices, storage room, a versatile training room/classroom, and a convenient break room with a kitchenette, this property is thoughtfully designed to meet your business needs. Additional highlights include secure parking for three cars, abundant street parking, fully furnished with new office furniture, forced air head and central air, equipped with audio/visual amenities and wired for Google office use, complete with training monitors and security cameras. With an impressive 2022 average daily traffic count exceeding 27,000, B1-1 zoning, immediate public transportation access, and a recently installed median barrier by CDOT, this location offers both visibility and convenience for your business. Elevate your operations with this exceptional opportunity today.
FANTASTIC OPPORTUNITY ON A EXCELLENT LOCATED STRIP MALL 5,500 TOTAL SQFT **NEAR MAJOR MALLS AND EXPRESSWAY CORNER OF 93RD AND HALSTED***LONG TERM TENANTS OCCUPIED PAY ALL UTILITIES**TOTAL INCOME YRLY $75,600 COULD BE MUCH HIGHER***9304-9305 OCCUPIED BYA POPULAR RESTAURANT 2,000SQFT RENT $2,500 MONTHLY 10YR LEASE WITH 5YR OPTIONAL REMAINING**9301 OCCUPIED BY FLORAL SHOP $1,300 MONTHLY RENT MONTH TO MONTH READY TO SIGN 5YR LEASE***9307 OCCUPIED BY LONG TERM COMMUNITY GROCERY STORE 2,000SQFT RENT $2,500 MONTHLY RENT MONTH TO MONTH READY TO SIGN 5YR LEASE***MOTIVATED SELLER READY TO MAKE A DEAL***
Freestanding 3 story building. Approximately 7500sf on first floor and 15000 combined with upper levels. Lot size is approximately 7,850sf Footprint of building covers the entire (75' x 105')t. Additional 9,375 sf of land located at 1529 W 79th St land for parking can be acquired for an additional $125,000. Formerly occupied by Bank Complete. Interior short of a raw shell no interior improvements exist. The property is being sold in "as is" condition. Site has many possibilities as the roof appears to be in good shape (see photos) and the building is solid block construction. allow 24hr notice for showings.
This corner property located on the intersection of Western and 78th St. This property is situated on 5 City lots (18,900 SF) and consists of a 1322 SF building. The building has two front drive-in doors, there is an additional over-sized 2+ car garage on 78th St. and an additional 2 car garage with alley access. This secured fenced property has curb cuts on Western, 78th St. and from the alley. The highly visible property has a traffic count of over 29,300 vehicles per day, is minutes to I-90/94/57 Expressways and 6 miles to Midway Airport. The current use is a landscaping business but can be used for a multitude of different business opportunities, including automotive, outside storage, Store fronts etc. Along with being completely redeveloped. The property is located in the Chicago Greater Southwest Growth Zone and TIF district. It is directly across the street from St. Rita's College Prep and is located on South Western Automobile Row.
12 unit building in need of a full renovation, the building has been gutted about 90% of the way down to the studs. Unapproved drawings were drawn up for 2 beds 1 bath in each unit. Located on quiet block close to express way and public transportation. This is a great value add opportunity for a savvy investor. Building has always been a 12 unit building but unapproved drawings shows building layout.
Great investment opportunity! Rehab opportunity with an existing retail strip center. Approximately 13,790 square feet. The property is divisible with (6) separate store fronts, all with approximately 1200-2,200 square feet. There is an additional 3 bedroom apartment on the second level. The property is currently vacant.
Looking for a great location for a business or parking. Don't let this property pass you by! Its right across the street from the Metra Train Station and close to 87th street and not far from several expressways. Property being Sold in As-Is Condition. Site unseen- Driveby. If buyer wants to view, they would have to cut lock and pay to replace and give me a key for the new locks, they would also have to sign Hold Harmless form.
Hot area investment opportunity to own this mixed use property. commercial space on main level and two 2 bed apartments above. Building being sold As-IS.
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