The median home value in Chicago, IL is $280,250.
This is
higher than
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 $280,250.
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.
Fantastic opportunity to own an auto shop on Irving Park road with egress on Irving as well as through alley (rare!). Could potentially be converted to a storefront or even residential (buyer to complete due diligence and permitting). Tenant in place, rental income right from the start! Contact agent for rent roll, lease information, etc.
Extremely rare office space the corner of Washington and Ada, in well-run Live/Work Loft Building in Chicago's fastest growing and most dynamic neighborhood: the West Loop. Half timber and half concrete, This is a 5,300 square foot all flat concrete one floor, First Floor continuous office space which includes four parking spaces onsite, secured and gated. Original built in 1910 and takes the moniker, Union Square Lofts, all commercial tenants can have interior signage outside their respective offices and exterior signage by the entry door and within the call box. What has been home to Sanmar Financial Network, there are two reception areas, conference room, closed door offices, multiple cubicles, kitchenette, three restrooms. All rich wood office furniture and built-ins. One storage cage on lower level. Office space is a northwest corner and sun drenched with natural light. Over 15' ceilings. Exposed brick walls throughout this space. Just a few blocks from the United Center, Home of the Chicago Bulls and Blackhawks. Close to Rush and University Hospitals. The West Loop neighborhood is like none other and there, will and can never be a neighborhood like the development in the West Loop. Hundreds of companies have moved, steps to interesting and fabulous restaurants along Randolph's Restaurant Row, Fulton Market District, Three city parks, multiple ways to commute publicly with ease, and close to every expressway on ramp. Beautiful restoration of brick vestibule, walnut stained oak hardwood flooring, elevator and lobby connects package receiving, mail and to the gated parking exit/entry door. Bonus Amenity includes a common roof top terrace with skyline views, barbecue grills and furniture. Office furniture available for sale. Being a Live/Work building, 5,300 square feet can be converted into a residential opportunity for the home of your dreams.
5651-5659 S. Michigan Ave. a 18-unit residential property located in Chicago, IL. The property is located in Chicago's Washington Park, with quick and easy access to major transportation routes on E 55th Street, I-90, and I-94 Expressway. This property consists of (1) four bedroom, two-bath units, (1) two bedroom, two-bath units, and (16) one bedroom, one-bath units.
NEWLY RENOVATED - Commercial condo with water access in the Outer Drive East Condominium building. The unit has been completely gutted concrete to concrete - drywall/plaster to drywall/plaster: new lights, new ceilings, new floors, newly resurfaced walls, new LVP flooring. The unit has water hookups, and an unfinished kitchen can be built out as a kitchen, small office, or storage. Owners have the right to use the building amenities. Building amenities include a 5-star "resort-like" health club and spa. Basketball, racquetball, ping-pong, free weights, machine weights, cardio, winter garden, child's playroom, famous geodesic year-round sunny pool, saunas, and steam rooms. A new multi-function room with an open kitchen and media space. Past owners/renters used as a hair salon and an appraisal office.
High Traffic Prime Location Commercial condo in North Center bordering Lincoln Square across from Welles Park, near Old Town Music School and Library. Prime location ideal for office or retail use. Perfect for professional business such as Medical Dental Real Estate office or Retail Store. Newer Roof/Low HOA ($145/Month) and Healthy Reserves
Outstanding investment property with 9 spacious units. This building features 3 units with 3bedrooms and 2bathrooms and 6 units with 2bedrooms and 2bathrooms (all legal apartments). Spacious eat in kitchen with formal dining and living room. 8 parking spaces. Building is in great condition with minimal repairs needed. All units feature hardwood floors and recently updated bathrooms with newer kitchens. Tuck pointing is in great shape. Quite block near public transportation, grocery stores and ss part of Lincoln Square the Budlong Woods area is home to a number of shops, restaurants and night life, all within walking distances of this property making it a top choice for renters in Lincoln Square and a fantastic rental market for investors. Long time tenants with room for rent increases as most are MTM. Current Net Income at $127,000 without parking or laundry income which can be an added by new owner. Market Net Income $201,240. Making it a great investment with a 6% CAP RATE and Rent Multiplier of 11.66.
Don't miss out on this 6 unit brick building with positive cash flow. Each unit is spacious and it features 2 bedrooms, separate living & dining rooms, eat in kitchen and individual hot water tanks. New exterior porch. Building is surrounded by wrought iron fence. 4 units are occupied month to month and 2 units are vacant. Please schedule your private showing today.
100% LEASED, GUT-REHABBED ANDERSONVILLE 4-UNIT CONSISTING OF TWO COMMERCIAL SPACES AND TWO APARTMENTS. INCREDIBLE GREEN ROOF IS VISUALLY PLEASING BUT ALSO CUTS DOWN ON HEAT + ENERGY USAGE. TOTAL INCOME OF $12,132/MONTH. COMMERCIAL SPACE #1N IS ON A LONG-TERM LEASE AND $1400/MONTH BELOW MARKET RATE W/SIGNIFICANT UPSIDE.
Great opportunity to own a storefront/retail space in the historic Madison and Pulaski area and make your commercial dreams come true. Two story building with huge square footage over 6000 ft and opportunity for roof top deck. First floor contains an open display area as this was previously a jewelry store, a rear storage area and a private office. Mezzanine level has an office area with three private offices. Partial second floor is divided into a finished storage area in front and an unfinished storage area in the rear with a bathroom. Schedule your showing today!
Spectacular West Loop multi-unit property available for sale. Longtime owner is ready to turnover this showpiece on Jackson Blvd. 3 contiguous buildings with 9 total units. The Gorgeous corner Lot has a professionally landscaped yard and tons of vintage appeal. Floorplans available online. 1500 Jackson has 3 - 1 bedroom 1 bath apartments plus an owner's garden unit. 1502 Jackson has 4 - 1 bedroom 1 bath units. All units have spacious floorplans with radiator heat and common Laundry for both 1500 & 1502 Jackson buildings. 1504 Jackson features a studio garden unit plus a 3-story residence above with 4 bedrooms / 1 full bath and 2 half baths. Jackson Blvd is a premium street with historic buildings and walkability to all that the West Loop has to offer. Building is land locked and there is no parking with this parcel. Long term tenants with rents below market value - Value add opportunity for investors.
MATTERPORT/3D VIRTUAL TOUR LINK AVAILABLE! TERRIFIC OPPORTUNITY TO OWN A 2,000 SQFT FREE STANDING COMMERCIAL BUILDING IN PRIME EDGEBROOK LOCATION W/OUTSTANDING VISIBILITY & ACCESSIBILITY TO/FROM EXPRESSWAY & PUBLIC TRANS ZONED FOR NUMEROUS USES INCL OFFICE /MEDICAL/DENTAL/LEGAL/RETAIL; CURRENTLY BUILT OUT W/FRONT DESK RECEPTION AREA, COMMON OFFICE AREA & 4 PRIVATE OFFICES + STORAGE W/CENTRAL HVAC & 2 BATHS + 5 PARKING SPOTS; UPDATED ROOF (2018), HVAC (2016), FRONT WINDOWS (2010) & NEWLY PAVED PARKING (2021); START YOUR NEW BUSINESS, SCALE UP/DOWN, WORK FROM HOME ALTERNATIVE OR INVEST AND LEASE IN A STABLE AREA FOR GREAT RETURNS!
MIXED-USE *6 Units commercial brick buiding offers over 7000SF*Prime location in the heart of Garfield Ridge*High exposure with heavy traffic*Multiple PINS*Excellent condition inside and out*Excellent income*5 storefront and 1 appartment with finished basement and 2,5 car garage*Near I-55 & Midway Airport*Fully rented with long term tenants*6455-6457 contains 3 storefront 1533SF each and each unit has their own utilities ,2 or 1 bathroms and safety door*6459 contains 2 smaller storefronts and 1 apartment* House has their own A/C & heat *House share heat for store* All buildings offers:newer roofs*newer windows*new tuckpointing*freshly painted*
This unique brick building lies in the heart of Devon Ave. You cannot beat this location or this investment opportunity! This Property is compromised of 12 Residential-Units and 6 Commerical-Units w/full occupancies during all times of the year. Consistently leased with low turnovers, this Arm-Chair investment boasts a 9%+ cap w/ the potential to raise rents. Long-time tenants w/ no issues or hassles during this time of COVID.
High Traffic Prime Location Commercial condo in North Center bordering Lincoln Square across from Welles Park, near Old Town Music School and Library. Prime location ideal for office or retail use. Perfect for professional business such as Medical Dental Real Estate office or Retail Store. Newer Roof/Low HOA ($145/Month) and Healthy Reserves
New Roof, exterior doors, windows, siding, electric (90%) and plumbing. 60% of the work is done. Inside has to be completed. Building is 3,220 square feet with the lot size of 11656 SQUARE FOOTAGE. Excellent Opportunity to Buy, Rehab and Hold!
LARGE BRICK 6 UNIT BUILDING ON CORNER LOT IN THE SOUTH SHORE AREA. TWO - 2 BEDROOM UNITS AND FOUR - 1 BEDROOM UNITS. BUILDING IS EMPTY AND IN NEED OF REHAB. SOLD AS-IS. NOT A SHORT SALE AND NOT BANK OWNED. PERFECT FOR THE SAVVY INVESTOR. LOCATED NEAR RAINBOW BEACH AND PUBLIC TRANSPORTATION.
Low maintenance and cash flowing this two unit strip mall on busy Harlem and Diversey intersection is a great opportunity to invest. The building has over 3,300 sq/ft of leasable space and is currently fully leased by two amazing and profitable businesses. The building has 20 parking spaces, alley access and over 23,000 cars passing by per day on Harlem Ave. The tenants include a travel agency/shipping/phone store and an established smoke shop. The current rent is $5,375 per month with yearly increases. The building's roof is in great shape, no basement to worry about and cinder/brick construction.
Gorgeous fully occupied 6 unit building just west of Avondale & Logan square. First floor tenants use forced air (tenant paid) heat w/ ac, other 4 units share baseboard heating (owner paid). Units are updated with hardwood floors, large kitchens and baths, tons of closets, eat in kitchen, super large bedrooms, coin laundry, front and rear interior staircases (no porches), some tenant storage and 5 parking spaces in rear of building. Long term tenants have been wonderful, clean and pay their rent on time every month via Zelle/QuickPay. Low maintenance building, all units above grade (no basement units). Owner is a licensed real estate agent in Illinois.
A true gem! Exquisite 2 bed/2bath live/work loft located right in the heart of Chicago's downtown district. Professionally remodeled with the aid of Slavyana Mateyko, interior designer, this home is appx 1200 sqft of luxury. Almost everything in this home is brand new including kitchen, appliances, bathrooms, flooring, light fixtures, paint, and electrical. All of the home electrical outlets, light fixtures and blinds are wired with SMART Home technology. There is a washer and dryer in the home. Building has very few rental restrictions and you may use the condo to live and/or work. Building has a fitness center on the same floor. Emazing location close to nightlife, shopping, public transportation, beach, river, Millenium Park, theater. museums and more. Monthly assessments are $886 and include pretty much everything except electric.
Sit back and collect passive income with this five unit Ranch Townhome property. The seller has done all the work, so all you need to do is sit back and collect! Each unit has been freshly painted and updated with new laminate flooring, in living and kitchen areas. New bathtubs, toilets and sinks. Three of the five units have new kitchen cabinets and countertops. New circuit breakers in each unit. Each unit has its own hot water tank and furnace. Exterior improvements include, rebuilt exterior front staircases. New security doors in each unit, front and rear. A new white vinyl fence encloses and adds privacy to the huge backyard, perfect for entertaining. New gutters, and downspouts . Recently installed new plumbing clean out valve in backyard. These numerous improvements and updates make this a passive income cash cow! Tenant occupied. Drive by only until further notice. Note: Functional addresses are 9158, 9160, 9162, 9164, 9166.
Property is improved with a 2-story over basement/garden level, 5-unit, walk-up apartment building. The unit mix consists of (5) 1-bedroom/1- bathroom apartments one of which is located in the garden level/basement. Average unit size is +/- 776 square feet. Roof is 4 years old.
Incredibly rare opportunity to own a stunning & classic Chicago building designed by the renowned John Wellborn Root in 1884 located on one of the loveliest and most desirable blocks in the city. Legal 6 unit. This south facing mansion (The George L Healy House) is an extra-wide 25 feet across that was converted to 6 units decades ago. The property now provides a unique development opportunity for a stunning owner occupied multi-unit, an investor looking for huge returns on AirBnB/Short term rentals, a portfolio builder looking for a blue chip downtown rental property, a luxury condo conversion, or de-convert back to the original mansion. Perfect access to offer each unit outdoor space as well as room for unit expansion. Current set-up includes 1 lower level studio, 1 lower level raw space w/ bath, two first floor one bedroom units and two upper floors that have been gutted and feature over 1200 sf each with nearly 12 foot ceilings. Ideal layouts could include: Top floor duplex with 4 simplexes below | Two full floor units (see proposed plans in photos) with 4 simplexes | 4 duplex units (top two floors would be a front and back unit duplex with 1st floor and garden connected). See photos and attached floor plans for more details. ONLY vetted Serious buyers will be provided showings.
ANOTHER OPPORTUNITY TO OWN A GREAT INVESTMENT BUILDING.SOLID MIXED USE PROPERTY.4 APPARTMENTS PLUS STORE FRONT (1200 SQ FT.) ALL APPARTMENTS ARE NEWLY UPDATED WITH NEWER WINDOWS.EACH UNIT HAS SEPERATE ELECTRIC,HEATING AND COOLING SYSTEM.ALL NEWER FURNANCES AND AIRCONDITIONER UNITS.PROPERTY ZONE B3-1.EXCELLENT VISIBILITY LOCATION.LOTS OF FOOT TRAFFIC.GREAT POTENTIAL FOR ANY BUSINESS.
**Location**Location**Location** We are Proud to present 3450 W Irving Park Road, located in the Irving Park neighborhood of Chicago, Illinois. The subject property being sold "AS IS", is composed of two owner occupied apartments and one retail space with high ceiling basement for storage, that needs your TLC and great ideas. Brick garage for two cars. The building has accesses to a major East West heavy traffic road. The apartments feature hardwood floors, individual gas furnaces, and water heaters. The retail space was previously occupied but now provides the opportunities for a new commercial tenant to rent at a higher rate or owner tenant business. The property is located minutes to the Kennedy Expressway and is in walking distance to bus stops. Additionally, the property is in walking distance to the Irving Park CTA Blue line and Metra stops. Great High Traffic area.