The median home value in Chicago, IL is $245,000.
This is
higher than
the county median home value of $225,000.
The national median home value is $209,892.
The average price of homes sold in Chicago, IL is $245,000.
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.
***9.5% cash on cash or 20.7 with 25% down conventional loan*** Stable 6 flat brick building in Chicago's Chatham neighborhood. All 6 units are occupied but seller left one unit vacant for showing purposes. All 6 units available for viewing once property is under contract. Current tenants not aware property is for sale so please don't share with them. Building currently grosses $4685 with potential additional garage and laundry income available. Building has 6 units with 5 (2) bedrooms and 1 (1) bedroom. See attached proforma for the property.
Awesome Investment opportunity in Chatham. Property updates include newer electrical , aluminum windows, copper plumbing and high efficiency Boiler (energy Star certified system) installed by Williams Stoker & heating. Units are all in great shape with hardwood floors, updated bathrooms & kitchens. Well maintained, clean and adult occupied building. Pride of ownership here with onsite manager. 12.8 cap rate! Rent roll is attached. Pro forma cap rate is 14+
Greater Grand Crossing neighborhood 27 unit opportunity. Building consists of 8 studios, 9 one bedrooms, 5 two bedrooms, and 5 retail spaces. Currently listed around an 8% CAP rate, a new investor can raise rents with unit improvements and/or rent out two vacant retail spaces and improve the CAP rate north of 10%. Capital improvements in new porch, boiler (2014), hot water heater (2016), storage tank (2019), R&D controls (2014), and newer windows/electric. Most heavy lifting complete, so more cosmetics to raise the rents and improve cash flow. Area seeing a number of improvements. Easy access to city and highways.
8,800 sq.ft. industrial building with 1,500 sq.ft office. Updates include windows, conference room, bathroom, kitchen, tuck pointing, fenced parking lot, and more. Just blocks from the 87th Street Dan Ryan Expressway.Property is much larger than it looks like from the outside. Plenty of street parking.
BEAUTIFUL BRICK 6-UNIT MULTI-FAMILY BUILDING WITH GREAT CURB APPEAL IN CHATHAM*GREAT INVESTMENT*GREAT CASH FLOW*THREE (3) 2 BR/1 BA UNITS (approx. 1,300 sqft EACH)*THREE (3) 1 BR/1 BA apartments (approx. 1,200 sqft EACH)*GORGEOUS HARDWOOD FLOORS THROUGHOUT*GENEROUS-SIZED BEDROOMS*LARGE LIVING ROOM*FORMAL DINING ROOM*KITCHEN WITH LARGE PANTRY*ENCLOSED BACK PORCH*ADDITIONAL TANDEM ROOM IN 2 BED UNITS COULD BE USED AS AN OFFICE*HIGH CEILINGS AND PLUMBING ALREADY THERE FOR 7TH UNIT IN BASEMENT*NEWER BOILER*NEWER HOT WATER TANK*RESURFACED ROOF*SEPARATE STORAGE UNITS AND LAUNDRY IN BASEMENT*4-CAR GARAGE*CLOSE TO RETAIL ALONG 83RD AND COTTAGE GROVE*2 BLOCKS TO PUBLIC TRANSPORT*SERIOUS INVESTORS ONLY*
Great investment opportunity in the Park Manor Neighborhood. All twelve (12) condo quality units have been completely gut renovated including, building mechanicals and common areas. The property is currently fully tenanted and has consistent cash flow month over month with an amazing tenant base. This is for serious long-term investors that understand the value in quality construction and asset stability. Buildings of this quality and location are extremely rare and are positioned for lifelong investors looking for consistency and financial stability. This large corner property is located blocks away from local shopping and public transportation. Property Highlights Include: Fully gut renovated large units, new building mechanicals throughout including framing, HVAC, insulation, electrical, plumbing, roof, and masonry. Separate utilities. New coin operated machines in laundry room. New plumbing throughout including water main and underground plumbing system. New vinyl windows/capping. New hardwood floors throughout. Sold with all new stainless-steel appliances. New 600-amp electrical service. Fully renovated common areas, fencing and sidewalks.
AMAZING OPPORTUNITY TO OWN 13 UNIT BRICK BUILDING IN CHATAM! THE BUILDING WAS REHABBED RECENTLY, NEW PLUMBING, NEW ELECTRIC, ALL INDIVIDUAL FURNACES, TUCKPOINTED! THERE ARE 6 2BD, AND 7 1BD APARTMENTS. QUIET BLOCK! SECURITY FENCE IN FRONT!
Prime Business for Sale. Business sits in front of 94 Expressway. Near the corner of 71st and State. Food and liquor store. Liquor, Tobacco, Package goods, super market license's included. Diagonal parking in front of the property. Very Busy Business Location.
This type of property is rarely available in this area. It is currently divided to house two businesses. The north side of the property currently houses a law office, which will vacate once sold. The south side is currently vacant. There are so many options for one or more organizations. This property has fifteen parking spaces and ample land surrounding the building.
Mixed Used building located in the South Shore/Woodlawn neighborhood. Spacious storefront on main level with apartment above. The property is in a prime location, it is located near public transportation, restaurants and shopping, convenient to schools, the Dan Ryan Expwy (I-94) and many other amenities!
We are pleased to present for sale this Turn-Key 6 Unit Investment Property in one of Chicago's Hottest Neighborhoods, the South Shore. Completely rehabbed in 2013 this building consists of Two [2] bedrooms and Two [2] bathrooms. Each apartment features condo-quality kitchens, individual heat, hardwood throughout, and In-unit Washer and Dryers. The tenants pay all utilities. Sales Brochure in Additional Docs.
Opportunity to purchase 10 units in Chatham with individually heated GFA furnaces and all two bedroom units. New windows in last 2 years. Very well maintained property with ability to raise rents. Current CAP 8.4% with room to move to a 10% CAP. The subject property is just blocks from major retail and shopping corridor on 79th street. New investor should have opportunity to raise rents $100 per unit to get rents toward average rents in the area. Stabilized building with plenty of room to grow!
Fantastic opportunity to transform 13 unit Commercial/Retail building with 15 parking spaces back to it's previous luster. This unit consist of (5) deluxe office suites, 1 main office with 5 waiting rooms and 7 studio office suites. Building SOLD AS IS, no survey.
Large commercial building formerly a Car Wash that has great potential that sits on 100 x 125 (7627-7635) with large adjoining parking lot. Overhead doors and massive space for Real estate development. Mobile/cell tower not included. High Traffic from cottage grove a plus! Call today!
Beautiful brick six flat located on quiet, tree-lined street in the Chatham neighborhood, this Historic Brick building has so much charm Gated front area leads you to building. Over 8,496 square feet of living space. Totally renovated in 2016 new kitchen, bathroom, hardwood flooring ALL NEW mechanicals, HVAC new porch built in back with deck area on each level, New windows (96 to be exact ) + new doors & 21 ceiling fans (+$300,000 in rehab) This is truly a must see. Fantastic investment opportunity for additional income. 4 of the 6 units are currently rented out. Run by off site management company . 3 units are 2 bedrooms 1 bath 3 units are 1 bedroom 1 bath. Security system paid by owners. Come take a look at all this multi unit has to offer.
Stepping Stones Early is a for profit, well-established daycare operating for 17 years with an exceptional reputation. This center is licensed for 38 students with 34 slots currently filled and is funded by contracts secured with DFSS, Action For Children, Head Start and ISBE Child Nutrition. The building itself has been meticulously maintained and has a new furnace, a kitchen with a new stove and refrigerator, 2 bathrooms ( 1 for students and 1 for staff) , and a gated playground. The property is highly visible and is well situated just 4 blocks from the major corridor Stoney Island. This is an excellent opportunity to own a turn key and profitable business with a strong client base with 80% referral rate and a passionate and highly credentialed staff.
Great Turn-Key Investment! Well maintained 6-unit multi-family building located in Chatham featuring three 2 Bedroom 1 Bathroom Units and three 1 Bedroom 1 Bathroom Units. Off street tandem parking, space could allow up to (6) cars. Quiet block, 100% occupancy, immediate cash flow. Spacious units and majority long term tenants. Serious and qualified Buyers only.
Building for sales. Nails Salon equipment can also be sold with additional price. Very good location, great opportunity to own both business and building, but still pay less than rent or lease. Motivated seller. Bring all offers. Sold " As-Is"
This single story commercial property has tons of potential and is ready for a new owner. This location is idea for retail, office, medical or restaurant business. Street parking is available along with a rear parking lot and attached indoor parking for one vehicle. This area has great street traffic, and good foot traffic. Property is vacant, and sold as is condition. No surveys or disclosures available.
GREAT INVESTMENT OPPORTUNIY LOCATED IN GROWING CHATHAM!! 3 UNIT- MIXED USED BUILDING, ON SOUGHT AFTER COTTAGE GROVE AVENUE. CREATE POSITIVE CASH FLOW....GREAT FOR OWNER OCCUPANT OR INVESTOR. THE BUILDING CONSIST OF 2 STORE FRONTS, AND 1 LARGE 3 BEDROOM APARTMENT. ONE STORE FRONT WAS PREVIOUSLY A BEAUTY SALON, AND THE OTHER A RESTUARANT. GREAT FOOT TRAFFIC, ALSO NEAR PUBLIC TRANSPORTATION AND MINUTES FROM THE EXPRESSWAY. TAXES PAID CURRENT NO PRORATION, SOLD AS-IS.
Two-story, psuedo-California style, masonry building that sits on a quiet, residential stretch of the typically busy and vibrant Cottage Grove Avenue. The unit mix is as follows: 4 1bed/1bath units 4 2bed/1bath units Ownership acquired the Subject in 2013 and it is currently 100% leased, with one unit expected to turn in March-2019. Four of the eight units have undergone renovation since acquisition. Rehab finishes include refinishing of hardwood flooring, granite countertops, new appliances, new kitchen cabinetry, new bathroom vanities and tile floors (only two units have had bathrooms remodeled). The other four units remain occupied with legacy tenants inherited from previous ownership. Those unit finishes consist of formica countertops, a mixture of kitchen appliances, and hardwood floors. The building has central boiler heating system and a central hot water tank located in the building's basement area. There are five surface parking spaces located in the rear.
