The median home value in Chicago, IL is $361,500.
the county median home value of $267,250.
The national median home value is $277,796.
The average price of homes sold in Chicago, IL is $361,500.
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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Tenants are MTM, but long-term. Two units have been rented to the same occupants for over 17 years. One of those is a on a voucher. That voucher pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years respectively. The fifth unit will be vacant soon. Total revenue on a monthly basis from all five units plus the laundry is about $5,500. That is an annual Gross income of about $66,000. Annual expenses are approximately $16,000. Net annual income is approximately, $50,000. The building is in good condition.
storefront currently fully leased. Botanical store, and a metro pcs tenants.
COME SEE THIS MIX USE PROPERTY THAT HAS A STORE FRONT WITH BATHROOM AND STORAGE, MAIN FLOOR ALSO HAS LIVE-IN UNIT THAT INCLUDES A SPACIOUS KITCHEN WITH LARGE LIVING ROOM. 3 BEDROOMS AND FULL BATHROOM. SIDE ENTRANCE & REAR FOR EASY ACCESS TO BUILDING/UNIT. BASEMENT HAS A IN-LAW ARRANGEMENT THAT HAS KITCHEN AND 2 BEDROOMS. 2 CAR GARAGE WITH SIDE PORT THAT INCLUDES OVER HANG FOR EXTRA PARKING. PLEASE GIVE 24 HOUR NOTICE
1820 Sq Ft building on busy street. Current use: dental office. 2 restrooms, lunchroom. No private restroom in owner's office. Bring your business and decorating ideas. Sold AS IS! Private parking behind building. Perfect for a hair salon, child care services, office space, retail store, tatoo space, etc.
Appealing retail condo available for sale in high-traffic mixed-use South Loop neighborhood. About 1100-1200 square foot. Near McCormick Place Convention Center, Motor Row Entertainment Corridor and China Town. Currently rented to a CLOTHING AND ACCESSORIES BOUTIQUE, being built out. Estimated CAP rate 8%. 1837 and 1839 S State also available for sale.
Mixed-use building with a vacant lot for sale in Irving Park. Family-owned for decades. The family's HVAC business, warehouse and shop are at street level with a great 2-bed, 1-bath apartment (1100 rented MTM) above. The apartment has a private first-floor entry and rear door. Included in the sale is vacant lot at 4015 N. Elston (125'x25') which is attached to 4017 N. Elston. Taxes are combined amounts. Come see this great property today!
CASH COW!! This beautiful brick TURNKEY 6-unit in the Greater Grand Crossing/Chatham neighborhood is a real cash cow! Currently 5/6 units are rented out with apps out on the 6th. Great unit mix of (5) 2BR's and (1) 1BR. 3 of the units have been completely remodeled this year and the other 3 have long term tenants in place. Brand new boiler just installed. All common areas and stairways remodeled this year as well. New copper main supply installed in 2021. Coin-op laundry. Units are separately metered for electricity. Heat is provided by a communal boiler and hot water by a commercial tank. New Boiler (2022). Currently professionally managed with very reasonable fees but can also be easily self managed as well. Hurry this one won't last!
This good invesment property has a huge store equiped for bakery and rented for 2500 a month, and a beautiful rehabed apartment 2 beds 1 bath rented for 1600. Tenant at second floor is month to month willing to stay if investor wants it. Bakery is leased until December 1st 2026.
2 identical condos being offered in same building (second unit is 7211 N Damen 3N). Both 2BD/2BA renovated in 2012, granite countertops, stainless steel appliances, in-unit laundry, hardwood floors, central air, master bedroom with en-suite bathroom. Both units rented to CHA voucher holders for $1600 each. 1944-2 tenant has been there since 2012 and 7211-3N tenant since 2015. CASH COW investment with low assessments ($212/mo each) and low taxes ($1441/yr each) and no rental restrictions.
Newly renovated and remodeled mixed use building consisting of ground commercial space and 2 four unit bedrooms. Apartments are newly remodeled and currently unoccupied. Store front is occupied and collecting rent. Ready for and investor or new home owner to move into a income generating property! This is also being listed with other properties that could be packaged together. Ask listing agent for details.
CRER is pleased to exclusively offer this 5-unit investment opportunity in the developing Little Village neighborhood. Unit mix for the property is (5) 2BR / 1 BA with parking. Excellent opportunity to purchase a cash flowing asset with below market rental rates, in an up-and-coming neighborhood. Longtime owner. Opportunity to boost rental income with minimal value-add.
Well maintained apartment with move in condition and attractive brick exterior 5 units in the heart of Lincoln Square. Over-sized lot (29.7X157.7). Excellent investment building features 2 beds 1 bath in each unit with 1000 square feet. Open style with Kitchen appliances (Refrigerator, stove range hood & Oven ) on the first floor, wood laminate Floors through out for each unit. Both units with dryer/washer in unit (Unit 2 (2020) Unit 4 (2021) for the tenants' convenient use, separated Gas/electricity meter, and includes 5 parking spots which allow for additional income. Just Steps to great restaurants, shopping stores, Mariano's, Winnemac Park, public transportation and etc. Fantastic opportunity to own this multi unit with extra income or perfect for investment ***Please download property disclosures from additional information***
Come see this gorgeous six-unit center entrance apartment building located in Chicago's popular Lakeview neighborhood. The Property consists of two (2) 2Bd/1Ba, three (3) 3Bd/1Ba, and one (1) 3Bd/2Ba spacious and sun-filled apartments due to the building's corner location. The units feature hardwood floors, HVAC, and three apartments have in-unit laundry (2S,2N,3N). A number of the units have received updates, such as granite countertops, stainless steel appliances, and new bathroom fixtures. The Property has wood porches in the rear of the building, a basement with coin laundry, and five exterior parking spaces. Market rents for the area average 8- 30% higher, allowing a potential investor to raise rents "as-is".
Steps away from McCormick Place, Large 2 story Commercial Building in Motor Row. The first floor is currently configured as a daycare business and a large, adjacent retail space. The second story is a large, open office space with several private offices and a separate 1 unit living space. This is a rare opportunity for a new buyer to open/expand their business into Historic Motor Row. Perfect as an owner/operated property or thoughtful redevelopment. All systems have been updated.
Building offers 30,000 sq. ft. of interior space. Commercial / retail storefront with 2 adjacent lots, Tones of new development in the area, This property possesses excellent re-development potential, property can be repurposed to accommodate commercial retail or mixed use apartments above storefronts. Conveniently located few blocks of the Green line located very close The University of Chicago, Hyde Park, Jackson Park, future Obama presidential Library, South Lake Shore DR., Museum of Science and Industry,I-90 and much much more. Solid concrete all floors with overhead doors in rear HOT AREA, BEAUTIFUL 3 STORY BLDG, GREAT INVESTMENT! RESIDENTIAL OR BOTH, NEEDS WORK.
Presenting A commercial/Retail storefront property with 2 adjacent lots, Solid concrete all floors with overhead doors in the rear. Building offers 30,000 sq. ft. of interior space. Tons of new development in the area. This property possesses excellent re-development potential, property can be repurposed to accommodate commercial retail or mixed use apartments above storefronts. Conveniently located few blocks of the Green line Located very close The University of Chicago, Hyde Park, Jackson Park, future Obama presidential library, South Lake Shore Dr., Museum of Science and Industry, I-90 and much much more.
ATTENTION ALL INVESTORS - 8 UNIT APARTMENT WITH OPPORTUNITY FOR RENT INCREASE - A FEW BLOCKS FROM MIDWAY AIRPORT - PUBLIC TANSPORTATION, RETAIL/GROCERY STORES, AND MUCH MORE. PAVED PRIVATE PARKING LOT SPACES AVAILABLE -PARTIAL BASEMENT. PITCH ROOF 5 YEARS - BOILER 2 YEARS - CALL LISTING AGENT FOR RENT ROLL AND SHOWINGS - PREAPPROVED BUYERS ONLY OR CASH BUYERS
FREE-STANDING BUILDING SITTING ON A 3 LOT LAND. WELL MAINTAINED PARKING LOT SURFACE. GREAT INVESTMENT OPPORTUNITY - LONG TERM TENANT - 20 CAR PARKING LOT ON A CORNER. TRAFFIC LIGHT INTERSECTION. SPACE READY FOR A NEW FAST-FOOD CONCEPT. - ROOF 2 YEARS - Addresses are 4201-4205 w 63rd St
Prime high traffic location in booming Belmont/Austin neighborhood. Spreading 45ft wide and 125ft deep with plenty of parking in the back of the building, this B3-1 zoned building has fantastic potential. From office space to retail to mix use with residential housing, the sky's the limit here. The building has been used as an office space. In addition to almost 2400sq ft office space, building has a partial basement with additional 840sq ft of storage. Building has 2 bathrooms and a kitchen space.
This majestic & impeccable red brick & limestone boutique center entrance eight unit, BETTER than condo quality, rental apartment building, is on one of the best streets in east Bronzeville. The building's exquisite, high caliber renovated apartments are synonymous w/ today's top notch luxurious condos with 21st Century accouterments, yet maintains the graciousness of old world quality & elegance. Enter into the gorgeous common areas & appreciate the marriage of modern flare with traditional style. All-encompassing vast capital improvements entail a hand fabricated metal cornice, new roof, generator system, overhead entrance code operated gated parking & even irrigation system! The tenants love their homes & private terraces with mature, strategically planted trees that create a secluded oasis. With current long term residents, the building's cap rate of 6.76% & NOI of$128,194 can be easily adjusted to today's market rents & a cap of 7.4% & an NOI of $140,246 -without spending a penny. The successes to the owner's legacy are two factors: superb care for the asset & its great residents. Hence, the new owner steps into a fully occupied & renovated turnkey property. All 8 luxury rentals are ultra-chic 2 bed/2 bath apartments, w/ individual HVAC, half circular living rooms, open dining rooms, 7" crown moldings, SS closet organizers in an amazing amount of closets, SS appliances, slab granite countertops, 42" upper cabinets, front loading euro washers & dryers, hip lighting, Decora switches & dimmers, strategically placed cable for flat screens, 2" horizontal blinds & a lot more. Superbly located amongst new construction homes & 2 blocks to Dyetts's School for the Arts, Washington Park, Provident Hospital & buses. Close to the Green Line Train, Hyde Park, LSD, 90/94 & I-55. This is rare opportunity to buy a truly remarkable asset.
BRAND NEW gut rehab, high-bay commercial building with parking in Old Irving. Great wide open, clear span space with super high ceilings. Full HVAC. Perfect for brewery, roaster, distillery, service warehouse, manufacturing, event space, etc!
A MUST SEE!! Extremely well maintained, turn key, 6 unit building in Bridgeport. Owned and managed for 30 years. 5- (1)Bed / (1)Bath units and 1- (2)Bed / (1)Bath unit. 1 one bed unit is under construction. The other 5 units are rented. Each unit has its own HVAC, A/C unit, tankless water heater, and separate utilities. New roof was just finished in Spring '22.
One of A Kind Mid-Century Modern 22 + unit Apartment Building in vibrant Bronzeville location set on Historic King Drive $279,236 NOI/7.1 CAP Offering 91% stake: 22 of 24 units with 10 parking space. Intelligent design with highly efficient and diverse floorplans, Equal combination of one and two bedrooms . Fully stabilized AA tenant base, envisioned and curated by a lifestyle focused ownership team. Meticulous attention to detail in all aspects realized in high tenant retention rates. Numerous unit upgrades, Refinished Hardwood and VHT Luxury Flooring, curated interior colors, LED lighting, Professional Kitchens, Euro-style washer/dryers, All custom closet organizers, Resort inspired baths, Integrated vanities and medicine cabinetry, Window treatments, Dimmer switches, Individual HVAC, 1 to 1 storage, Full supplemental on-site laundry center and Community room space. Extensive Capital Improvements. Annual apartment reviews have yielded a maintenance level rarely encountered. The opportunity to scale further and create a Legacy Campus of 44 Units/35 car parking + can be packaged with neighboring 4954-58 S King 90%+ controlling majority stake NOI $157,698 /7% CAP. Stabilized Contiguous corner comprised of 8 residential units Palpable expansion opportunities for 2 ADU's within the King envelope offering(not factored as part of 44-unit package count) (1) center entry side by side 6 unit @350 E 50th. This value-add hybrid requires complete renovation all 2-bedroom 2.1 bath inclusive of architectural plans designed as 8 envisioning 2 additional units below grade (2 below grade not factored in 44 total package count) + 100% controlling interest of 4953-55 S Calumet Center Entry 8 units + 8 parking spaces. NOI $124,873 / 6.9 cap + Significant separate immediately adjacent @ 4945 S Calumet (behind 4954-58 King) expertly over-engineered 17 car parking lot, cement paved, lined, remote secured access, professionally landscaped with irrigation system prepped. Parking System built-out with full plans and permits for permitted use. Meticulous attention to detail in all aspects from skilled scaled veteran ownership team. Transparent, comprehensive scope of work, capital improvements, rent roll, lease schedules and full financials available on request. Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice to show. Rare opportunity to obtain a sizeable AA turnkey footprint strategically positioned for continue long term growth.
6-unit Mixed Use building with 5 residential units and 1 restaurant-built retail space. Perfect for user as restaurant currently vacant but fully built out with beautiful large kitchen and a ton of potential. Four 2 bed 2 bath units on the second floor and a 5 bed 5.1 bath owners' unit on the 3rd floor. parking for 5 in rear (two in a garage). Basement below restaurant space. Building rehabbed in recent years and in excellet condition. Good investment property with great cash flow potential.
Wow! This is the one you've been waiting for! Huge 4 unit building with a 2 level coach house in the back! This Little Village GEM is located in one of the most appreciating pockets in all of Chicago! Property is close to the Marshall Blvd neighborhood and only blocks from West Pilsen. This area has seen a boom in development in recent years! Building is the perfect investment! Gorgeous brick exterior. The entire building had a full interior renovation in the last 20 years with new framing, plumbing and electric redone. Property has ALL SEPARATE utilities including separate electric, gas, water tanks, and heat for all units. 4 apartments are 2 bed 1 bath. Coach house is a 1 bed 1 bath with bonus room. Large unfinished basement and huge unfinished attic. Roof and mechanicals in great condition. Super LOW TAXES & LOW EXPENSES! Low overhead costs for the entry level investor or seasoned vet. Great return on investment! Major city and private interest has poured into the area. This area is expected to continue to appreciate in years to come. Take a walk by to see why this area is loved for its vibrant culture and location. Close to public transportation, highways, schools, and close to popular Cermak & 26th street corridors. Don't miss out on the opportunity to invest in a rare find like this one!