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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Great investment opportunity. A total of twelve units and six storefronts. Two of the storefronts and four of the apartments are currently occupied. The property is ready to be customized to the buyers' needs and vision. The property is within an ideal location of 3.1 miles from Interstate 290. Walking distance from schools, parks, restaurants, stores, and public transportation.
Discover the ultimate investment opportunity in North Lawndale! This captivating 7-unit multi-family property offers a blend of luxury and convenience. Recently renovated, each unit shines with modern upgrades, attracting cash-flowing tenants. With a mix of three and two-bedroom apartments, this property promises steady returns. Set in an up-and-coming area amidst new developments and renovations, it's poised for significant appreciation. Act now to secure this lucrative asset, poised to thrive as the neighborhood blossoms. Don't miss your chance to reap the rewards of this prime investment! Purchase with equity current appraisal is at 775k!! 3- 3br 4-2 br ... upgraded units
ATTENTION INVESTORS, REHABBERS - COMMERCIAL ZONED B3-2 3192 SQFT BUILDING WITH BACK YARD ACCESS TO ALLEY. HEAVY RENOVATION REQUIRED. Permitted businesses include but not limited to Art, Artist Live work, Animal Services, Automotive, Building Maintenance & Cleaning, Business Services, Construction Retail / Hardware / Locksmith, Education & Child Care, Food & Beverage, Indoor Special Events, Laundry & Dry Cleaning, Lodging, Media, Medical, Orthopedic Appliance Stores, Tanning Salon, Recreation, Postal Service, Residential Storage, Retail Sales, Entertainment & Spectator Sports, Tobacco Shops.
Versatile multi-use property in North Lawndale, IL. Spacious interior with natural light, offering endless possibilities for office space, retail, or creative ventures. Prime location with easy access to transportation and a thriving community. Ideal investment opportunity for entrepreneurs and investors seeking a promising asset. Don't miss this chance to make your mark in this vibrant neighborhood! Easy to show , lets make a deal very motivated seller!
1500 S. Lawndale is a recently remodeled and upgraded 9-unit building plus a nonconforming 10th bonus apartment! Currently configured with a pair of big 3BR 1BA units, 6 nicely sized 2BR/1BA apartments, a compact 1/1 and a cozy studio located in the former retail storefront (now legalized as ADUs). PLEASE NOTE: The storefront units are framed-out and require completion. All units are separately metered and the property boasts a new roof, plumbing, electrical, individual GFAs and original stained hardwood flooring. This building is being sold 'as-is' with no city violations. There's a LOT of rental upside and equity creation potential for the right value-add investor!
2131 S Albany Ave is a 4,582 square foot multi-family/mixed-use home on a 3,325 square foot lot. Nestled within the vibrant community of Little Village, this meticulously maintained building stands as a testament to enduring family ownership spanning over six decades. Boasting 5 units and a total of 8 bedrooms, 5 bathrooms and courtyard. This 2 story residence and back courtyard offer ample space and versatility for a variety of living arrangements. With a rich history of care and attention to detail, this property exudes a timeless charm, making it an ideal investment opportunity or a welcoming home for a new generation. Enjoy the convenience of urban living while experiencing the warmth of a long-standing familial legacy in this cherished building. Family-owned building therefore income flow is minimal.
Front entrance 6 unit residential rental building located in HOT North Lawndale. Located just east of Pulaski Rd (CTA #53 bus), between Roosevelt Rd (CTA# 12 bus) and 16th St. 5 min west from Douglas Park - the home of the world renowned Riot Fest. This is also approximately 6 miles from the center of downtown Chicago, and only 7 short blocks to the light rail Pink Line stop at 20th and Pulaski. Great unit mix with three 3 bed/1 bath units, and three 2 bed/1 bath units. 5 of 6 units currently rented and the 6th should be rented shortly after the reno/cleanup is completed. Each unit has it's own gas forced air furnace. 2 large water tanks provide hot water for the building. Tenants pay their own gas and electric. There are also 2 deconstructed units in the basement which can be brought back to life with a complete renovation. There are 2 entrance/exits which can be used to access this area. Large parking pad in the rear of the building could provide extra income.
The JonBerg Group of Baird & Warner Real Estate, INC has been exclusively retained to present a tremendous development opportunity on Chicago's Lawndale development zone. The subject property is located in "Ogden/Pulaski TIF district." It features a one-story building with a total of 1,900 SF, 25,000 SF or (0.57 AC) rectangular-shaped lot area, and C1-2 zoning (Neighborhood Commercial District) - retail storefronts. Allows more business types than B1 districts, including liquor stores, warehouses, and auto shops. Apartments are permitted above the ground floor. *** Excellent frontage on Ogden Avenue of 250.00'. Provides visibility and accessibility to 3 major thoroughfares and invites a substantial opportunity for re/development.
Immaculately Constructed 6-Unit Multi-Family Greystone Building, Complete Rebuild in 2017, 2 of the 6 units are duplex on the 1st floor on a deep lot, Condo like Grade units. All Units Work Done 2017: Roof, Windows, tuckpointing, concrete word, HVAC, Plumbing, Electric, Hardwood Throughout, Custom Kitchens & Baths, wooded Frame Back Deck w/ all steel screen doors, Sound Proofing Between Unit Floors, Wired for Sound, ceramic Floor in Bottom Level. Each unit has their own utility's on the same floor All Units Currently Rented. This property will appeal to investors ($9000/mth income) call for more info. Current rent is a lot lower than what the local market suggests a minimum of $200 per unit can be implemented.
Stunning 9-unit Greystone at 1215 S Homan in the growing North Lawndale market! Property features 9 2bed/ 1 bath units with 3 units on each level (Front, Middle, Rear). 4 of 9 units have been recently renovated. Tenant makeup is a mix of 3 subsidized and the remaining market rate with the subsidized units achieving $1,350-1,400 in monthly rent. There is a front and rear basement offering additional storage space for tenants. Building features a mix of copper and galvanized plumbing, gas boiler, and separate electrical meters. Phenomenal opportunity for an investor to increase rents by remodeling the remaining units and occupying with subsidized or market rate tenants.
Excellent opportunity for developers or owner users. 4000 SF building with rear OHD in need of complete renovation on 36 X 125 lot . Can be acquired with six adjoining vacant lots to a total of 22,386 SF of land (see MLS#11922866) with approximately 178' of frontage on Kedzie Avenue located across from Aldi and Bank of America and near proposed St Anthony's Hospital re-development. Ideal for exterior vehicle or truck storage, repair, tires, contractor yard, and more. Located on busy Kedzie Avenue approximately Flexible M2-3 zoning. 2 mile from I-55 (Stevenson Expressway).
Nestled within an up and coming neighborhood, this captivating four-unit building seamlessly combines a dynamic storefront with three inviting residential spaces. From the moment one approaches, the building's facade exudes a timeless charm, with large display windows beckoning pedestrians to explore the treasures within. At street level, the spacious storefront awaits, offering a versatile canvas for entrepreneurs to realize their visions of a thriving business. Above, three units offer residents a sanctuary amidst the urban hustle, each unit boasting contemporary comforts they each have their own dining room, kitchen, 2bedrooms and bathroom. With its harmonious blend of commercial and residential spaces, this building stands as a testament to the vibrant energy and endless possibilities of city living.
This is a fantastic opportunity to acquire a partially gut-rehabbed building located on Independence Boulevard right in the up-and-coming neighborhood of North Lawndale. This 18-unit building offers a great unit mix of 2,3 and 4-bedroom units. All units are individually metered and offer very spacious layouts. The building has 12 units of 2BR/1BA, 3 units of 3BR/1BA and 3 units of 4BR/1BA. The basement has a coin laundry room with 3 washers and 3 dryers. Security cameras have been installed around the building. 8 units have been upgraded in the last year. Each unit has its own gas meter, water heater, and electric meter. For investors looking for a value add, there is space to add 6 more garden units. The current monthly rent roll is over $22,000 with 100% occupancy. At Asking price it's a 10 CAP!
THIS IS THE PLACE YOU WANT TO OPEN YOUR OWN BUSSINES AND LIVE IN, THIS PLACE HAS A BUSSINES SPACE AND APARTMENT ON THE SECOND FLOOR, SERIOUS BUYERS ONLY.
Proud to present a contemporary 9 unit multifamily property situated at 1444 S. Trumbull Ave in the vibrant North Lawndale neighborhood of Chicago, IL. The property is situated in the thriving North Dawndale community of Chicago, IL, a strategically located area with potential for growth. The neighborhood offers a mix of residential and commercial spaces, providing a balanced and desirable living environment. The property presents a moderate value-add opportunity, allowing for strategic improvements to enhance overall asset value. Implementing targeted renovations and upgrades can lead to increased rental income and improved tenant satisfaction. A diverse unit mix of 2-bedroom and 3-bedroom units caters to a broad tenant demographic, providing flexibility in attracting and retaining residents. The property's attractive 9.10% cap rate positions it as a promising investment for stable and consistent cash flow. The North Lawndale community strategic location ensures proximity to key amenities, transportation hubs, and employment centers, contributing to sustained tenant demand.
Discover the untapped potential of Little Village with this exclusive nine-unit with the potential for expansion to 12 units, all-brick building! Set against the backdrop of Little Village, a thriving community poised to become the next Pilsen, this property stands as one of the largest multi-unit buildings in the vicinity. Included is a former 2,400 sq ft Cookie Factory, adding an extra layer of versatility to the property, complemented by two generously sized, attached three-car garages that provide secure accommodation for a total of six cars. This is an exclusive, opportunity for investors and rehabbers seeking their next profitable venture! Don't miss out on this rare opportunity to secure a prominent stake in the evolving real estate landscape of Little Village. Bring your strategic vision and seize the potential for growth and profitability in this expanding community!
Excellent investment opportunity in the vibrant community of North Lawndale! Boasting unique architectural features, this six-unit building offers tremendous potential for increased rental income through modern updates. Featuring three 2-bedroom/1-bath units and three 4-bedroom/1-bath units with bright, spacious rooms and high ceilings. Each unit is individually metered and includes its own furnace. A private enclosed stairwell provides two entrances and exits per unit, and exterior back stairs provide deck areas for the two-bedroom units. Conveniently located in North Lawndale, the property is near essential amenities, public transportation, parks, schools, and shopping centers, making it an attractive choice for residents. Tapping into North Lawndale's rental market opportunities, this multifamily property holds significant potential for higher rental income. Four units are currently occupied at below-market rents. The property requires some renovation and is sold AS IS. Preserving and enhancing its unique features will not only increase appeal but also contribute to the neighborhood's character and value. With easy access to I-290, local bus stops, and just 0.08 miles from both the blue and pink line EL trains, this is a rare gem for savvy investors. Don't miss out on this opportunity in the heart of North Lawndale!
Welcome to an exceptional investment opportunity adjacent to the picturesque Douglas Park! This multifamily building, including a charming coach house that consist of 9 units and presents a highly coveted chance to capitalize on below-market rents with appreciation potential. Nestled in a prime location next to the park, this property offers a unique combination of tranquility, convenience, and significant potential for financial growth. The main building and coach house within this remarkable property showcase a desirable of unit configurations, accommodating high quality tenants. With a very desirable unit mix for both land lord and tenants. There are six 2 bedroom 2 bathroom apartments to go along with two 1 bed and 1 bath units , there is ample room to attract a wide range of residents seeking the perfect blend of comfort and style. Situated next to Douglas Park, one of the city's premier green spaces, this multifamily building benefits from breathtaking views and a serene atmosphere. The park offers an array of recreational activities, including walking trails, sports fields, and community events, providing an idyllic backdrop for tenants to enjoy.
Welcome to the perfect investment opportunity in the vibrant neighborhood of Little Village! Presenting a 10-unit multifamily building that combines the benefits of a prime location, below market rents, and recently rehabbed units. This property offers tremendous potential for both immediate cash flow and long-term growth. One of the standout features of this multifamily building is its below market rents. With rental rates lower than the prevailing market rates in the area, this property provides a unique advantage. This presents an excellent opportunity for an investor to capitalize on the potential for increased cash flow. By gradually raising the rents to market levels, you can significantly boost your monthly income and enhance the overall profitability of the investment. Located in the vibrant community of Little Village, this building is situated in an area experiencing rapid growth and development.
PRIME FRONTAGE OPPORTUNITY on 26th & Kedzie in Chicago's Little Village Neighborhood. Fully leased commercial storefronts on first floor all with solid tenants and annual income. Medical/Professional/Retail/Chain. Total of 8 commercial storesfronts on the first floor. 2nd floor available for residential and office rental. 5+ parking spaces in back of building. Well maintained brick building that has been cared for and well managed for decades by the same family. The corner has an average daily traffic count over 28,000 vehicles and high foot traffic. On CTA bus-line. Close to 290/94 & I55. Call for details and showings. Please do not disturb tenants and their businesses.
Great opportunity to own a beautiful brick mixed use building in the expanding neighborhood of Little Village/South Lawndale. Live upstairs and run your business from the commercial unit, or rent out the entire building. The possibilities are endless with this piece. Full basement and backyard . Great mixture of residential and commercial in the area. Beautiful park across the street. A true diamond in the rough please call agent for more details the seller is very motivated
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