Chicago IL Real Estate & Commercial for Sale

Welcome to the New Drexel Estates A rare investment opportunity in the vibrant and historic Chatham neighborhood, this fully gutted and meticulously rehabbed six-unit multifamily property is poised to be a cornerstone in any investor's portfolio. This building offers a total of 18 bedrooms and 13 bathrooms across six spacious units, with each unit thoughtfully designed for modern living. Each three-bedroom, two-bathroom unit features a formal living room and dining room, brand-new appliances, and individual furnaces and hot water heaters to ensure tenant convenience and comfort. Additionally, all plumbing, electrical, and gas lines have been newly installed, providing peace of mind for future owners with minimal maintenance concerns. Six new AC units have been positioned on the roof, ensuring efficient cooling and reducing maintenance needs. This property presents a secure, fully vacant building in one of Chicago's most promising neighborhoods, making it ideal for both long-term rental income and portfolio growth. Chatham's rental market is booming, with strong demand for three-bedroom, two-bathroom units. Rental pricing for this property will be structured as follows: Based on current market conditions, this property has the potential to generate an initial Net Operating Income (NOI) of $88,920, resulting in a cap rate of 8.47% and a Gross Rent Multiplier (GRM) of 7.29. Over the next five years, with projected 3% annual rent increases, the property's NOI is expected to grow, increasing both cash flow and overall valuation. By Year 5, NOI is projected to reach $103,000, with an estimated property value of $1,215,000 based on a stable 8.5% cap rate. For investors seeking additional revenue, the basement offers an opportunity to add a 7th unit, further increasing rental income and long-term profitability. Additionally, the other side of the basement space could be used as an office or shared workspace, perfect for an on-site property manager, a co-working space for tenants, or even a tenant-exclusive lounge. The existing bathroom in the basement provides flexibility to meet a variety of potential uses, making this property even more versatile and attractive to prospective buyers and tenants. With coin-operated laundry and gated parking, this property provides additional cash flow opportunities. The Chatham neighborhood is known for its strong sense of community, cultural pride, and ongoing revitalization efforts. The property is conveniently located near essential amenities, including public transportation, schools, shopping, dining, and parks. Its strategic location enhances both tenant satisfaction and long-term appreciation potential. Within a three-mile radius, the neighborhood boasts a population of 294,461 residents, with an average household income of $54,280 and a median home value of $161,157. These favorable demographics indicate a stable rental market with continued growth potential. Chatham's strong community ties and convenient location make it a sought-after area for both renters and investors alike. This classic Chicago six-flat represents a turnkey investment opportunity with modern finishes, updated mechanicals, and strong rental demand. Given its attractive pricing and income potential, this property is well-positioned for both cash flow and long-term equity growth. Whether you're a seasoned investor looking to expand your portfolio or a first-time commercial buyer, this property presents a win-win opportunity. The combination of new construction quality and vintage Chicago charm makes it an ideal asset in the growing Chatham market. Don't miss this chance to secure a high-yield multifamily property in Chatham!

Located just east of the I-94 Expressway, this 2 story mixed use property is located on one of the best commercial strips in the Grand Crossing/Chatham area. World famous Lem's BBQ is across the street, Brown Sugar Bakery and Mabe's Deli are next door, and A&S Beverages, which is one of the best retail Beverage Stores in the city is located next to Mabe's. This building is fully occupied, with 2 retail spaces on the ground floor, and two 3 bed/1 bath residential apartments on the 2nd floor.

EXCITING COMMERCIAL OPPORTUNITY FOR ASTUTE INVESTORS! Located in the thriving Barack Obama Presidential Library area, this property features a part ownership stake in the renowned Chicago Doughboy Restaurant, a cutting-edge fire suppression system, and owner-owned equipment. Additionally, there's a well-established barbershop and eight 2-bedroom apartments, with tenants responsible for utilities, central air, and recent renovations. The property also includes rear parking. A fantastic cash-flowing investment awaits!

Don't miss out on this beautiful 6-unit brick property, ideally located just minutes from the beach, the prestigious Tiger Woods Golf Course, and the highly anticipated Obama Center! This fully occupied gem offers impressive rental income, making it a top choice for savvy investors looking to maximize their returns. Each spacious 1-bedroom unit features hardwood floors and individually controlled furnaces, ensuring low operating expenses and high profitability. The front 2 units are generously sized, offering the exciting possibility to convert them into 2-bedroom units for even higher rental income! Additionally, the basement provides a wealth of extra space and potential for future upgrades or additional amenities. This is a rare and lucrative opportunity to own a piece of prime Chicago real estate in an unbeatable location. Seize it before it's gone!

Taty Management, LLC is pleased to present the exclusive opportunity to acquire to 9000-9004 S Dauphine, a multi-family building comprised of 12 renovated 2 BD/1 BA units ideally located in South Shore Chicago. This well maintained property managed by Taty Management, LLC has hardwood floors, granite countertops, and full-size appliances. All of the 12 units offers specious layouts with radiators for heating

CALLING SAVVY INVESTORS! Check out this 3-unit strip mall in Chicago's Greater Grand Crossing/Chatham neighborhood! Meticulously maintained! 100 E. 79th St. leased by Shark's Fish & Chicken, just renewed this year! 102 E. 79th St., Jimmy's Food Store, long term tenant! 104 E. 79th St. being offered for lease, MLS #12099923. Parking lot and alley access! Walking distance from the CTA Red Line, next to the bus stop! Less than a minute from I-90/94! Don't miss out, add this gem to your portfolio TODAY!

Contractors wanted! Building is vacant and ready for new buyer to breathe new life in to it. Buyers should buget for an extensive renovation. More damage sustained to the retail spaces than residential. 8 Residential units and 6 retail spaces. Property can be purchased in a portfolio with 7854 S Ellis (MLS #12277104) and 404 E 79th (MLS #12277104)

Contractors wanted! Building is vacant and ready for new buyer to breathe new life in to it. Property sustained a fire. Buyers should buget for a full gut renovation (new roof, plumbing, electric, etc.). 22 Residential units and 7 retail spaces. Property can be purchased as portfolio with 8200 S Cottage Grove Ave (MLS #12277440) and 404 E 79th St (MLS #12277448)

Contractors wanted! Building is vacant and ready for new buyer to breathe new life in to it. Buyers should buget for an extensive renovation. More damage sustained to the retail spaces than residential. 13 Residential units and 6 retail spaces. Build provides separate furnace heat. Property can be purchased in a portfolio with 7854 S Ellis (MLS #12277104) and 8200 S Cottage Grove Ave (MLS #12277440).

Crerar Memorial Presbyterian Church, is a stunning three story facility. The sanctuary hold's 350 to 400 congregants. At approximately 32,000 square feet, the asset includes a church, school, offices, meeting rooms, a tower structure, fellowship hall, kitchen and gymnasium with a stage. The building(s) has about nine (9) bathrooms, three (3) of which have been updated. The masonry, roof and gutters to be well-maintained. The center building's roof have HVAC Units. These units heat and cool the two-story office and meeting room of the center building. The church is cooled by central air conditioning and heated with a boiler. Acquire this facility for special use as a church, school, art museum or for new development. Needing a new boiler the asset is being sold as-is. The building structure sits on a 37,518 square foot parcel of land which includes a highly valued forty (40+/-) car, asphalt parking lot.

Well maintained 10,375 sf mixed-use building having 6,058 sf of building area is situated along the busy 87th Street business corridor. The building has ground floor office space, consisting of two occupied medical offices and one 800 SF space, freshly painted and ready to rent or house your business. The second floor has two apartments (a 1-bed, 1-bath and a 3-bed, 2-bath). The offices are interconnected and could all be occupied by a single tenant or could remain leased to two or more tenants. The property includes 14 on-site parking spaces. All tenants are long term. Easy access to the Dan Ryan Expressway, CTA Red Line, CTA bus #87 and Metra. Neighboring businesses include McDonald's, O'Reilly Auto Parts, a Clarks gas station, and several offices, retail and commercial services. Strip mall located a few blocks east houses both national and regional tenants, including Athletico, T-Mobile, Wing Stop, H and R Block and Pete's Produce grocery store. Solid building, below market rents, great location with steady traffic flow of 13,500 vehicles per day....makes for a great investment opportunity.

Seize this incredible chance to own over 8,000 sq. ft. of commercial space in a prime location just seconds from Stoney Island and across from the historic former Sears Roebuck Company. With the potential for up to 7 units and all-new underground plumbing already installed, this property is ready for your development ideas. The possibilities are endless! Immediate possession is available, and the owner is open to all serious offers. Drive by first and see the potential for yourself. Serious inquiries only!

Excellent Chatham location with ideal visibility at the Dan Ryan and 83rd St. Free standing 5,200 SF 2nd generation restaurant space with large windows along entire facade and 28 parking spaces. Ideal for restaurant, medical office, dental offices or Coworking space.

Investment is a newer 6,000sf multi-tenant retail center on a 16,917sf site. Property is fully leased with 5 tenants. The property is professionally managed. The property is located on the west border of Chicago's Greater Grand Crossing Community. The property was built in 2014. Property features include a maintenance-free PVC roof, newer HVAC systems, and long-term quality tenants. The site is located one block east of the Dan Ryan Expressway on the south side of the street.

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 2 extra rooms for storage. New insulation in the attic. Low Taxes. Great Investment opportunity. Schedule your showing today.

Come take a look at this mixed use 3 story building, waiting on the right investor to rehab and start making money. Put your business or office on the ground floor and collect rent from the 8 apartments (2beds/1bath) with 10 parking spaces! Recently Appraised at 362k (December 2024)

4,500 square foot automotive shop on corner lot ready for a new owner. Good size customer waiting area and alarm system. 2 overhead doors with a car lift included. All other equipment is included also.

4,000 square foot automotive shop on corner lot ready for a new owner. 4 overhead doors with 4 car lifts included. All other equipment is included also.

Attractive +/- 1,440 sf building has office and/or retail uses. Currently laid out with one oversized office, 4 cubicle spaces, 3 washrooms (one with a shower!). There is a kitchenette and a partial basement. The garage (+/- 384 sf) is connected and convereted into office and storage space. 12+ ft ceiling height with can lighting. The building has rolling security shutters on both doors. The roof looks great. As Is sale. There is office furniture in the building that can be included in the transaction.

Introducing a prime investment opportunity in Chicago, IL - a fully occupied 7,200 SF retail/strip center built in 2008. Zoned B3-1, this property boasts full occupancy, presenting a stable and lucrative income stream. The inclusion of a liquor store in the sale enhances the investment appeal, catering to the diverse needs of the densely populated area. Strategically located in a high-traffic zone, this property offers an exceptional chance for retail/strip center investors to capitalize on a well-maintained, income-producing asset in a thriving market.

Chicago's Chatham Neighborhood - Established location Previously Mather Cafe and Ooh We It Is restaurant. Excellent one of a kind location in Chatham at Dan Ryan and 83rd St. 5,053 SF building with 28 car secured parking lot. Property includes 6' hood, large seating areas and 4 bathrooms and private offices. Kitchen only has sinks and no other equipment is included with the property. Potential to convert to Medical office or other office use.

This prime mixed-use building presents an exceptional investment opportunity, featuring eight residential units and three spacious storefronts, all completely vacant and ready for revitalization. Positioned in a sought-after location, this property is perfect for investors looking to maximize returns through strategic renovations or immediate leasing. With significant potential for value-added improvements and diverse revenue streams from both residential and commercial tenants, this property is an ideal canvas for those looking to create a high-yielding asset. Don't miss out on the chance to unlock the immense potential this building offers! This property offers a possible bulk sale opportunity for the right investor, as we currently have 11 active listings, 12259885, 12217325, 12210999, 12127019, 12148422, 12203753, 12137446.

Everybody wants Chatham, but only a few properties come up for sale that are in the heart of Chatham between State and King Drive. This 8-unit gem has been owned by one family since 1956. Has spacious units with dining rooms and large kitchens. There are 4 - 2 bedroom units and 4- 1bdrm units. Most units have dining rooms. Not found in the average commercial buildings. This property was built for family living. Has 4 car garage and ample rear yard for those lazy summer outdoor activities. Let's talk... This is a great building for a family or for an investor looking to get maximum return on investment. Cause everybody want to live in a community that shows the pride of ownership. Let's be clear, the current rents do not reflect earning potential because of long term tenants. The heirs have decided to give another owner the experience and pleasure of Chatham ownership. A Quiet block, close to schools, shopping and transportation. This is the heart of Chatham. A great place to raise a family or spend your retirement. No problem getting good tenants in this area. Come and see why Chatham is the most desirable far southside community in Chicago. This is an area with long term tenants and owners where neighbors really know each other. Buyers must be pre-qualified. No offer accepted without lender approval . This is not your typical apartment building. This property has been lovingly cared for by one family for more than sixty years. Roof was recently re-coated as part of regular maintenance program. Got a big family? This building is the answer to a prayer. This could be your ticket to generational wealth building.

Two story mixed use property with great upside potential. The 1st floor features 2000 Sq. Ft of vacant office space. The second floor features two -2 BR, 1-Bath units. Both are separately metered. There is also a full unfinished basement. The property is located on a corner lot. Use your imagination on this property ! The property is being sold " as is".

Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. The building also offers potential for additional income by installing a coin-operated laundry and an extra livable unit in the spacious basement. The exterior is well-maintained, featuring new windows and a full perimeter fence. While the 3-car detached garage requires some work, it provides excellent on-site parking opportunities. Sold "AS IS." Please refer to the additional documents for the Financial Pro Forma.