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.
FANTASTIC OPPORTUNITY TO REDEVELOP AND REVITALIZE A MASSIVE CHICAGO MIXED USE PROPERTY. THIS PROPERTY WAS ONCE USED AS A CHURCH AND HAD 13 ADDITIONAL APARTMENTS. NEW OWNER CAN RE IMAGINE AND BRING THE PROPERTY BACK TO LIFE. CHICAGO LAWN COMMUNITY FEATURES MANY AMENITIES SUCH AS MARQUETTE PARK, BUSTLING COMMERCIAL CORRIDORS DOWN WESTERN AVE AND 63RD STREET AND MARQUETTE BOULEVARD.
Single story store in an amazing North Center location with tons of foot traffic. Located on the alley, the building sits on the entire lot and is a fabulous alternative to a commercial condo! Formerly a long-time floral shop. 1300 asf up with 10ft ceilings and 1300 asf in a 7ft apx basement. Unit has a masonry middle wall on both the main floor and in the basement, that can separate the store into 2 with 2 basements. Also, it has two addresses!! Super solid structure, but due to a previous burst pipe, this is a total gut and being sold AS-IS. Perfect for someone looking for retail, cafe, restaurant or office, personal service, pet grooming. Great option for small business owner to occupy one half and rent out the other to cover some overhead and located in TIF district. Easy to show. Cash and quick closing preferred.
A true gem! Exquisite 2 bed/2bath live/work loft located right in the heart of Chicago's downtown district. Spectacular views of vibrant State Street from every window. Very high 12.8ft ceilings in the entire home! Professionally remodeled with the aid of an interior designer, this home is appx 1200 sqft of luxury. Kitchen comes with modern new cabinets, appliances and stylish new quartz countertop. Specifically designed for entertaining guests, the kitchen comes with a handsome 9ft island perfect for 4 bar chairs. Expensive vinyl plank flooring in the whole home. High-end light fixtures from Restoration Hardware/CB2/Pottery Barn/West Elm. Condo is completely wired with Smart Home technology. All of the electrical outlets, light fixtures and new remote control roller shades can be voice activated through your phone or iPad. Yes, there is a new washer and dryer in the home. Building has very few rental restrictions (no airbnb) and you may use the condo to live and/or work. The building's fitness center is located on the same floor. Close to Chicago's best restaurants, nightlife, shopping, public trains and buses, beach, Chicago River Walk, Millenium Park, Grant Park, Navy Pier, theaters, museums and much more. Parking can be rented close by. MONTHLY HOA is $938/month
We are pleased to present House 22 at 22 East Elm for sale. This recently remodeled building is located on one of the most beautiful tree lined streets in Chicago's Gold Coast. The unique 5100 sf space has been elegantly designed and curated by the current owners with walnut floors, custom lighting, surround sound & a stunning glass elevator (accessible to all three levels). Currently a high end salon and med spa, this flexible space can most certainly be reimagined as a myriad of other uses including a luxury single family home, medical practice, luxury retail store, or even a sales, private equity or wealth management office to name a few alternatives. The zoning is amenable to other uses and the entire property is handicapped accessible. Unique opportunity for a savvy investor to acquire a luxury piece of property in Chicago Gold Coast. Opportunity abounds as the property has a myriad of excellent uses. You won't be disappointed.
We are pleased to present House 22 at 22 East Elm for sale. This recently remodeled building is located on one of the most beautiful tree lined streets in Chicago's Gold Coast. The unique 5100 sf space has been elegantly designed and curated by the current owners with walnut floors, custom lighting, surround sound & a stunning glass elevator (accessible to all three levels). Currently a high end salon and med spa, this flexible space can most certainly be reimagined as a myriad of other uses including a luxury single family home, medical practice, luxury retail store, or even a sales, private equity or wealth management office to name a few alternatives. The zoning is amenable to other uses and the entire property is handicapped accessible. Unique opportunity for a savvy investor to acquire a luxury piece of property in Chicago Gold Coast. Opportunity abounds as the property has a myriad of excellent uses. You won't be disappointed.
Introducing a remarkable commercial opportunity that offers endless possibilities in a prime location. This property presents two distinct spaces, each with its own unique potential, perfect for the savvy investor or entrepreneur seeking a versatile space to transform their vision into reality. The first space, which is also available for rent, provides a blank, unfinished slate, ready to be molded according to your specific needs. This immaculate canvas invites creativity, allowing you to design and customize the interior to suit a variety of purposes, whether it be a vibrant retail outlet, a modern office, or an engaging art gallery. The unlimited potential of this space ensures that your imagination knows no bounds. Adjacent to this exciting blank canvas is a fully functional restaurant space, brimming with character and charm. Currently operating. This turnkey restaurant boasts a welcoming ambiance, a well-equipped kitchen, and a loyal customer base, making it an enticing option for those seeking a ready-to-go business venture. Nestled at the rear of the property, a charming coach house awaits, already occupied by reliable tenants. This income-generating unit adds an additional layer of value to the property, offering a consistent revenue stream. Furthermore, the coach house is complemented by a delightful yard, providing a tranquil retreat of this commercial gem ensures excellent visibility, foot traffic, and accessibility, maximizing its potential to attract customers and clients. With its versatile spaces, combination of a blank slate and an operating restaurant, and additional income from the coach house, this property is a rare find, catering to the aspirations of investors, restaurateurs, and entrepreneurs alike. Don't miss out on this extraordinary opportunity to make your mark in the commercial arena. Embrace the possibilities, unlock the potential, and set the stage for your business venture in this remarkable space. Contact me today to schedule a viewing and seize the chance to turn your dreams into reality.
GREAT CHICAGO NORWOOD PARK LOCATION. WALK TO TRAIN(METRA), BANK,POST OFFICE, RESTAURANTS. COMMERCIAL CONDO WITH LOW MONTHLY ASSESSMENT $347 INCLUDING HEAT. CLIENTS PARKING IN FRONT OF THE OFFICE AND 4 ASSIGNED SPACES IN REAR. PERFECT FOR ATTORNEY, INSURANCE, REAL ESTATE, THERAPISTS, ACCOUNTING etc. SELLER MAY FINANCE FOR QUALIFIED PARTY. ALSO AVAILABLE AS RENTAL MLS# 11970937. GREAT VALUE AT THIS PRICE.
Great investment opportunity! Tenants pay heating, hot water and electric costs. Three 3 bedroom units and Three 2 bedroom units. 48 hour notice for all showings.
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!
Wonderful all brick 6 unit in Chatham. Fully occupied. One 3- bedrooms unit. Two 2-bedrooms units and three 1-bedroom units. Each unit has dining room, living room. 3-car newer garage. Laundry in the basement plus extra storage. New insulation in the attic. Low Taxes. Great Investment opportunity. Schedule your showing today.
This property has a huge upside with minimal work. Long term owner with below market rents that can be substantially increased. The property consists of 16 residential units of which 10 have been remodeled within the last 2 years. 5 stores are all rented. 2 warehouse units in the back total around 6,300 square feet can be utilized for many different businesses. The warehouses connect to one of the front stores and can potentially be used as a showroom in the store and storage in the warehouse. Separate heating and tenants pay all of their utilities. This building has been historically at 100% occupancy for years. Located on Irving Park Rd. (route 19), this property is close to I90 as well as public transportation.
INTRODUCING your dream space on BUSY 79th Street! This SPACIOUS 1600-square-foot gem is tailor-made for your retail or office needs. CONVENIENTLY located in a HIGH-TRAFFIC area, your business will thrive with MAXIMUM exposure. As an ADDED touch, the property features a high efficiency HVAC system for added comfort and convenience. The POSSIBILITIES for this space are endless. Don't miss out on this OPPORTUNITY to create a thriving hub that reflects your unique vision and ATTRACTS customers or clients!!
Investment opportunity with remodeled turnkey 14 unit brick building west of loop in Humboldt Park. Mix of bed/bath counts al renovated in last 2 years. In addition to new roof, new porch system, updated plumbing and a new exterior security camera system apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Located on massive lot proximity to numerous bus stops, CTA and Metra. Some value add opportunities. Cash flowing asset. Interior pictures forthcoming. Additional properties for sale in portfolio. Please send POF and sign NDA for financials.
Investment opportunity with fully remodeled turnkey 8 unit brick building in Bronzeville neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to high efficiency individual HVAC (air compressors on the roof), a new roof, new 400-amp electric service, and updated plumbing, apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near downtown and expressways I-90/94 plus proximity to an abundance of shopping and retail in Bronzeville, Kenwood, and the Hyde Park neighborhoods. Some value add opportunities. Cash flowing asset. Interior photos will be added soon. Additional properties for sale in portfolio. Please send POF and sign NDA for financials.
Located heart of Logan Square/West Bucktown, this prominent six unit sits next to Walgreens on the corner of Campbell and Milwaukee. All units were gut renovated in 2013, 3 of the units had cosmetic updates in 2022. New roof and tuckpointing work done in 2023. All units feature impeccable condo quality finishes, excellent open layouts, bright units, mix of 2 and 3 bedrooms, hardwood floors throughout, in-unit laundry, granite/stainless kitchens w/ backsplash. The building is steps away from Western Blue Line L Stop, both the 56 and 73 bus routes, restaurants, shopping and nightlife in Logan Square and Bucktown. Tenants pay bundled services of $85/unit/month for additional income. Offered at a 6.7% cap rate on in-place revenue. Ability to do cosmetic updates to three units and move to 7.0%+ cap rate. Assumable debt in place at 4.26% with UPB of $1,170,511.
Investment opportunity with a rare turnkey 13 unit brick building with coach house and garages on oversized lot in hot Edgewater neighborhood. Mix of bed/bath counts all occupied and renovated in last 2 years. In addition to new roof and hot water heaters apartments feature modern kitchens with stainless steel appliances, exquisite hardwood flooring, modern bathroom finishes and in-unit laundry. Near university, restaurants, retail, lake and more. Some value add opportunities. Cash flowing asset. Additional properties for sale in portfolio. More photos and info forthcoming. Please send POF and sign NDA for financials.
Prime 1200 sq. foot space available for lease or for sale in a highly sought-after location near Belmont/Lincoln/Ashland. This versatile space, previously used as a nail salon, offers an ideal opportunity for businesses seeking a strategic location with ample foot traffic. Whether it's for an office, nail salon, or spa, this space provides a blank canvas for entrepreneurs to bring their vision to life. Don't miss the chance to establish your business in this bustling area
Check out this solid brick building in the busy South Western Avenue area of Chicago. It's a great investment with a shop on the ground floor that catches lots of foot traffic. There's also a cozy studio apartment that's been updated for comfort. Upstairs, you'll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each add $900 a month to your earnings. ($4205/m Total) This property is in a neighborhood that's getting more valuable, so it's not just a buy; it's a smart move for growing your investment. With a strong income stream, it stands out as a great choice for anyone looking to invest in a growing area. Come see why this property could be a key part of your investment future. Book your visit today!
Don't miss out on this remarkable chance to craft something truly extraordinary! The expansive first floor extends all the way to the back alley, offering 3,000+ sqft of versatile space primed for your creative vision, complete with two convenient half baths. Upstairs, discover a full bath and a spacious apartment comprising seven rooms. Over $25k has been invested in essential repairs, including a new roof and water remediation, laying a solid foundation for your endeavors. HUGE Full basement. With a touch of vision and tender loving care, this property has the potential to evolve into a lucrative long-term investment. Boasting zoning for apartments, the possibilities are limitless-let your imagination soar!
Beverly Commercial Office For Sale ~ Prime Location ~ Equipped with a Comfortable Lobby Space ~ Large Reception Office ~ Five Separate Well Spaced Offices ~ Kitchenette Area ~ Conference Room ~ 2 Full Bathrooms, one with a private shower ~ Huge Attached Garage with a Newly installed Garage Door Opener ~ Plenty of Garage Shelving in Place for additional Storage ~ Approximate 3200 Total Building Square Footage ~ Roof Replaced Two Years Ago ~ Property Being Sold As-Is ~ Show & Sell Today.
Incredible opportunity to own in this sought after location. Great for a multitude of businesses. Free standing building, Signalized intersection, 4441 sf retail/office building with 8-10 parking lot spaces on east side, 4 units, all separate utilities, one story commercial brick building with a partial basement, roof 3 years, electrical 2 years, Potential to own your own business or rent. Daily traffic count per IDOT 17,300 (VPD), Nearby many restaurants, shopping, public transportation Orange Line and Midway airport. property well maintained but sold As-Is.
Fantastic opportunity to own this mixed-use building located in an Opportunity Zone. With a projected NOI of almost $200k/yr upon completion, this property consists of ten residential units and four commercial units. The rare gated courtyard design of the property provides an insulated, safe environment for the residents. The four commercial units, with fantastic visibility and access to Ashland Ave are the perfect size for entrepreneurs to get their new businesses off the ground with a bang. The spaces are open, airy and offer flexible layouts that serve a wide range of businesses. The makeup of the residential units is four 1 bedroom units and six 2 bedroom units, each with 1 bathroom. They are all great sized units with big windows and lots of natural light. This is a two story building, convenient for the all tenant types, and also convenient for finishing the rehab (residential plumbing can be PVC, for example). The 4 commercial units will be very easy to fill given their size. They are perfect for NNN tenants like a quick serve restaurant (sandwich shop), barber shop, nail salon, tax/insurance shop etc. The property has been fully demo'd, a new full tear-off roof has been installed, most masonry work is completed and is fully framed out and ready for MEP. Plans have been approved with the city and permits are imminent.
Welcome to this exceptional investment opportunity nestled in the vibrant North Center neighborhood. This well-maintained multi-unit building offers hardwood floors throughout, in-unit washer/dryer and access to public transit, restaurants, shops and local amenities, making it an ideal location for investors, homeowners and tenants alike. (Tenants pay all utilities.) Don't miss out on this incredible opportunity to own a turn-key ready multi-unit gem.
Listings courtesy of MRED as distributed by MLS GRID
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