Chicago IL Real Estate & Commercial for Sale

Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. The property currently operates at a 5.7% CAP rate, with a strong Net Operating Income (NOI) of $97,571. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $131,120 and corresponding CAP rate of 7.6% when new rents are put in place. With its newer construction, prime location, versatile floor plans, and the potential for future rent growth & value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.

This single room occupancy hotel in the East Garfield Park neighborhood features 58 rentable units, some of which have en suite bathrooms. The New Parie Hotel historically has had a high occupancy rate, benefiting from close proximity to several major transportation routes as well as a number of employers. The hotel includes a SRO II license.

Remodeled, per plans with city approved permits in 2017, solid 6 unit building with full basement & POSITIVE CASH FLOW; Electrical: All new 400 amp service, new conduits and wiring, new masthead & meters, hard wired Smoke/CO detectors, outlets and switches, light fixtures throughout whole building; Plumbing: All new waste/drain lines, gas lines/meters & water supply copper piping, fixtures & vanities, water meter; HVAC: All new individual High Efficiency gas Furnaces/AC, all new individual water heaters; Kitchen/Bathrooms: all new tiles, cabinets and granite countertops; Drywall: replaced/repaired approximately 250 sheets, painted throughout; Porch: new back porch replaced per plans; Roof: installed new rubber membrane including silver paint, repaired firewalls and copings, new gutter system; Each unit consists of 2 bedrooms, 1 bathroom, individual high efficiency gas furnace/AC, water heater, tiled kitchens with stove, refrigerator and range hood, spacious living rooms, elegant dining rooms {front units only}, refinished hardwood floors, 100 amp electrical panel; Tenants pay: AC/Heat, Electric & Hot Water; Laundry room, fenced front & rear of the building, surveillance camera systems; Located by S California Ave & W Roosevelt Rd, in North Lawndale, within walking distance to Douglas Park, west of Medical District & Tr-Taylor area, near public transportation.

Large multi-room commercial condo with a kitchenette and a bathroom with shower. 1500 square feet.

1130 S. Richmond St., Chicago, IL 60612 - North Lawndale Neighborhood Welcome to a prime investment opportunity in the heart of North Lawndale! This vacant 7-unit multifamily property, located at 1130 S. Richmond St., offers tremendous potential for savvy investors seeking to revitalize and maximize their real estate portfolio. Situated in a historic neighborhood with a rich cultural heritage, this property is a blank canvas awaiting transformation into a lucrative income-producing asset. Property Features: Unit Configuration: Currently vacant, the property has the potential to feature 7 spacious two-bedroom units. Renovation Opportunity: This property is in need of renovation, making it the perfect project for investors looking to add value and boost rental income. With a creative vision and investment in modern amenities, you can transform this property into a highly desirable living space. Desirable Location: Nestled in the North Lawndale neighborhood, this property benefits from its proximity to essential amenities, public transportation, and local attractions. Residents will appreciate the convenience of nearby parks, schools, and shopping centers. Income Potential: Once renovated, this multifamily property has the potential to generate significant rental income. North Lawndale's rental market offers opportunities for attractive rental rates, ensuring a steady cash flow for investors. Historic Charm: North Lawndale is known for its historic architecture and cultural significance. Preserving and enhancing the property's unique features can add to its appeal and value.

This massive warehouse distribution site is the perfect place to store and distribute your products. With its high ceilings, ample truck bays, and overhead traveling crane, it can accommodate a wide range of businesses. The property also features a spacious office area with executive office and private bathroom. Located in a prime industrial area of Chicago, this property is easily accessible from major highways and airports. It is also close to a variety of amenities, including restaurants, hotels, and shopping centers. Imagine the possibilities: Use the warehouse space to store your inventory and ship products to customers all over the world. Set up a manufacturing or assembly operation in the warehouse. Use the office space for your administrative and sales teams. Lease out the extra space to other businesses. No matter what your needs are, this warehouse distribution site has something to offer. Property Features: 55,000 sq ft warehouse with 35' ceiling height, 3,200 sq ft office, 480 Volts/400 Amps electric, 10-ton overhead traveling crane, 4 truck bays measuring 16 x 16, 15 x 18, 10 x 8, 12 x 10, 2 rooftop HVAC units (1 new AC 6 months old), 2 gas forced air units, Vinyl windows in office (10 years old), Executive office with private bathroom, Second 2-ton crane, Close to train, highways, airports, and downtown Chicago, 0.9 miles to Union Pacific Railroad, 0.5 miles to I-290 and 2.5 miles to I-55, 7.7 miles to Midway International Airport, 2.5 miles to downtown Chicago.

This is an excellent opportunity to purchase this Commercial/Retail space, finished with one bathroom and kitchenette, and located on the corner of Damen Ave and Grand Ave in the great Westtown neighborhood. Zoned B3 is currently used as an office space but has potential for many other businesses. Take advantage of the opportunity to purchase this tremendous commercial/retail asset.