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.
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OPPORTUNITY ZONE INVESTMENT. 8209 S South Shore is a versatile residential/mixed-use asset positioned on a prime South Shore corridor. Part of a larger institutional campus assembly currently undergoing PIN separation. This frame structure offers significant value-add potential for a multi-unit rental or live-work space. Sold As-Is. Referenced under Master PIN Buyer to verify all zoning and use requirements.
Great duplex office space! Brand new office with very high original ceilings! Unit features finished basement with bar/restaurant style space! Ideal for any office! Space is also great for bar or restaurant! Brand new AC unit. Property has camera system. Located in West loop/Wicker Park Area!
Great duplex office space! Brand new office with very high original ceilings! Unit features finished basement with bar/restaurant style space! Ideal for any office! Space is also great for bar or restaurant! Brand new AC unit. Property has camera system. Located in West loop/Wicker Park Area!
PRIME 1.2 FAR DEVELOPMENT OPPORTUNITY | COVERED LAND PLAY ON 79TH ST Strategically positioned on a high-visibility corner in West Chatham, this 19,625 sq ft lot offers an elite "Covered Land Play" for the sophisticated investor or developer. Zoned C1-1 with a 1.2 Floor Area Ratio (FAR), the site allows for a theoretical buildable density of up to 23,550 square feet. While you secure permits for a vertical mixed-use expansion, the existing 7,600 sq ft structure provides immediate, stable cash flow to cover all carrying costs. The asset is anchored by established neighborhood staples, including Ivy Jerk Hut, which recently committed to a new 3-year lease with a 3-year renewal option. This commitment, combined with a high-visibility pylon sign and 29 dedicated parking spaces, ensures consistent traffic and long-term viability. The Play: Whether you are looking to stabilize the remaining 3 vacancies (950-1,450 sq ft) for a high-yield hold or leverage the full 1.2 FAR for a landmark redevelopment, this property is priced at a significant basis to move. Motivated Seller | Closing available by June 2026. Contact Listing Agent for full development pro-forma and retail leakage data.
Corner lot mechanic garage with office area and multiple work bays and plenty of room on the lot for vehicles. Billboard produces income as well as the garage. Great for an owner operator or investor.
Conveniently located where I-90 and I-94 split, right on Elston Ave where Milwaukee Ave connects. Great location for street-level retail with grand storefront windows, situated between Jefferson Park and Norwood Park. This space offers a beautifully-renovated 1,200 sq ft of retail/office space with an open floorplan, a back office, and nicely-updated kitchenette, bathroom, and shower. Includes a fully-finished basement and garage parking for $1,350/month.
Conveniently located where I-90 and I-94 split, right on Elston Ave where Milwaukee Ave connects. Great location for street-level retail with grand storefront windows, situated between Jefferson Park and Norwood Park. This space offers a beautifully renovated 1,200 sq ft of retail/office space with an open floorplan, a back office, and nicely-updated kitchenette, bathroom, and shower. Includes a fully-finished basement and garage parking for $1,350/month.
Located in the South Chicago neighborhood, the building has 7-units, all consisting of 3 bedrooms and 1 bathroom. The backyard is fully fenced, with 4 parking spaces available if new owner wants to open the fence. The building has been well maintained over the last 6 years of ownership, setting things up like two washers and dryers and storage units for all apartments in the basement, as well as a private storage for owner. The 7 units all consist of 3 bedrooms and 1 bathroom with dining room and large living rooms with faux fireplaces and lots of natural light. 2 units have been fully renovated with new kitchens, 5 of 7 have their hardwood floor completely refinished, and various units have refurbished stainless steel appliances and new bathroom vanities.
Located along a vibrant walking retail corridor right at the junction of Graceland West, Ravenswood, Lincoln Square and North Center, near the Metra stop, this cleverly designed commercial condo office space is in pristine condition and ready for a new business. Laid-out on two levels with separate entrances both above and below, the upstairs space is divided into two offices and a kitchenette with gleaming hardwood floors throughout, large wrap-around windows and handicapped access. Downstairs there's a reception space outside the entry door and three more defined office spaces including a fully built-out recording studio, high ceilings and multiple generous storage closets. Most fixtures and furniture could stay if the new owner would like. An individual private dedicated parking space is available for $25,000. Condo association has done an excellent job maintaining and improving the building with low HOAs and few use restrictions for the unit. This long-time original owner is ready to retire after decades spent meticulously maintaining the office with great care and pride. It's ready for the next counseling practice, law office, yoga studio, chiropractor or other service provider to stop paying rent, make this their own and take control of their businesses finances through an SBA loan or other financing option. Easy to show with some notice.
LOCATION....LOCATION....INCREDIBLY RENOVATED 4-UNIT BUILDING + 4-BEDROOM /2 BATH COACHHOUSE!! WHAT A GREAT OPPORTUNITY FOR AN OWNER-OCCUPANT TO LIVE IN THE COACH AND RENT OUT BUILDING WHICH HAS 2 BEDROOMS/1 BATH, INTERCOM SYSTEMS, INDIVIDUAL HEAT, NEW BATHS + KITCHENS WITH ISLANDS, SS APPLIANCES. NEW WROUGHT-IRON FENCED YARD & NEW BACK PORCH. LOCATED ACROSS THE STREET FROM LINDBLOOM MATH & SCIENCE ACADEMY WHICH IS HIGHLY RANKED IN ILLINOIS OFFERING THE HIGH SCHOOL SUPREME EXPERIENCE. NOTE: COMMERCIAL FINANCING IS REQUIRED ON THIS ONE BUT I HAVE LENDER WHO CAN DO MIN. DOWN FOR EXPERIENCED BUYER.
Exceptional mixed-use opportunity in a prime West Town location. Currently the office and workspace of an interior design studio. This unique property blends creative architecture with rare functionality. The building is positioned on a quiet private alley adjacent to the expressway, offering unobstructed skyline views and direct access to a large attached garage-a true rarity for this area. Currently configured as a high-end design studio completed in 1999 with flexible open floor plan, high ceilings, and designer lighting. The layout lends itself perfectly to office, showroom, gallery, or live/work space. Large windows and multiple exposures fill the space with natural light, highlighting the property's modern aesthetic and curated finishes. Conveniently located near the Kennedy Expressway, the Blue Line, and just minutes from downtown, Fulton Market, and the West Loop. Ideal for creative professionals, architects, or developers seeking a one-of-a-kind urban space with privacy, parking, and skyline views.
This property at 5725 W Division St presents a significant investment opportunity for those looking to capitalize on a high-potential mixed-use asset in Chicago. Situated on a generous 0.287-acre corner lot in a B3-1 zoned district, this masonry structure offers substantial square footage and versatile possibilities for the right developer. Residential: Configured for 3 residential units, the building currently features 6 bedrooms and 5 full baths across its two stories. Commercial: Includes 2 commercial units on the ground level, ideal for retail or service-oriented businesses. Additional Space: Includes an unfinished basement. The property is being Sold As-Is. Restricted Access: Due to previous fire damage, there is strictly no entry into the building. Buyers must conduct due diligence based on exterior inspection and public records. Location: Positioned in West Chicago (Cook County) with easy access to local amenities and schools
Long time owner says SELL! Location, Location, Location. Solid brick and mortar five unit armchair investment on Chicago's Northwest side. Convenient to ALL modes of transportation: bus, EL train, 90/294 and O'Hare. 12 miles to downtown. Easy street parking in front plus 20 car parking lot behind the building. Contact broker for rent roll.
6460 sf 2-story mixed-use building on a 4670 sf land site in Chicago's Irving Park neighborhood. Perfect live / work setup. Large 1st floor office & shop plus garage. First floor clear height 11' 6". Two vacant 2nd floor apartments: One 2-bedroom, 2-bathroom & one 1-bedroom, 1-bathroom. Separate stairs to Elston for each apartment plus stairs to alley. 4 blocks from Irving Park Rd. full interchange on Kennedy Expressway. Close to Montrose Ave. SB ramp to the Kennedy and Wilson Ave. NB ramp to the Edens. 4 blocks from Irving Park & 6 blocks from the Montrose CTA Blue Line stations. On Pulaski / #53 bus route. Steps from the Montrose stop and the #78 bus. Close to Old Irving Brewery, JTs's Genuine Sandwich, Smoque BBQ, Breakfast House, Cozy Corner, Lou Malnati's, two Leona's. Street parking. 39th ward / Ald. Nugent.
Prime West Town Investment Opportunity! Fully rehabbed in 2022, this 6-unit building offers three 1-bed + den/1-bath units and three 2-bed / 1-bath units, each approximately 750 SF. All updated in 2022 for low-maintenance ownership. Interior features hardwood flooring, quartz/maple kitchens, subway tile backsplashes, and modern bathrooms. Mechanicals include individual central heat/AC, newer roof, updated plumbing and electric. Each floor has it's own laundry in the center stairwell that is shared by the floors front and rear units. Revenue - 13200 monthly. Brick 2-car garage. Room to dig down and add units in the basement. Immediate proximity to the Blue Line, I-90/94, and West Town's top-tier dining and nightlife. High-demand unit mix in a core Chicago market.
Beautiful older church building adjacent to Marquette Park in the Lawn neighborhood. Perfect for a congregation looking to expand or for a developer looking to repurpose. Much room on both the first and second floors to conduct services or use for related activities. Soaring ceilings upstairs. Has extra outside space that could be used for parking or expansion on the north side of the building. Property needs fairly significant work - cosmetic, brickwork. boiler - but kept very operational by current ownership. Being sold as-is.
Albany Park neighborhood at its best east commercial corridor with dense retail district and heavy traffic, B 2-3 zoning, offering more types of businesses than other zoning districts, such as shopping centers, large stores, retail storefronts, and apartment buildings above the ground-floor. The corner of Kedzie Ave. and Montrose Ave., traffic light intersection, approximately + 5,000 Sq. ft. retail building fits and serves any and everything with great exposure. NEARBY retailers, include, Walgreens, Starbucks, Dunkin Donates, restaurants and shops. Within short access to Lake Shore Dr. and minutes to interstates I-90-94 and O'Hare Airport.
Prime hard-corner location at Western Avenue and North Avenue in the heart of the Wicker Park neighborhood. Highly visible 2,806 SF retail building situated on a 3,075 SF lot with strong pedestrian and vehicular traffic. B3-2 zoning allows for a wide range of commercial uses and offers excellent potential for new development. Corner exposure provides outstanding signage and branding opportunities. Well-suited for retail, office, service, or neighborhood-focused users, with convenient access to public transportation, surrounding amenities, and a dense residential customer base.
Prime hard-corner location at Western Avenue and North Avenue in the heart of the Wicker Park neighborhood. Highly visible 2,806 SF retail building situated on a 3,075 SF lot with strong pedestrian and vehicular traffic. B3-2 zoning allows for a wide range of commercial uses and offers excellent potential for new development. Corner exposure provides outstanding signage and branding opportunities. Well-suited for retail, office, service, or neighborhood-focused users, with convenient access to public transportation, surrounding amenities, and a dense residential customer base.
Welcome to this revitalized mixed-use building located between Chicago's sought after Bucktown and Lincoln Park neighborhoods with easy access to 90/94. Situated on a 25' x 125' lot spanning lot-line to lot-line this adaptable property presents a rare combination of a fully built out office space, warehouse/garage, and income producing residential apartments, providing both operational flexibility and strong investment potential. The beautifully designed street level office is truly one of a kind. Featuring strong visibility in a high traffic area, the bespoke interior is anchored by an original exposed brick wall and custom cabinetry. Upon entering you're greeted by an open concept communal work space and waiting room. A glass enclosed conference room sits in the middle of the space and two private offices beyond. A dedicated coffee station with sink, beverage fridge and ice maker is tucked into the hallway with a technology/server room adjacent, two designer bathrooms and storage closet under the stairs. This space is completely turnkey - move your team in immediately with no additional work required. Directly behind the office is an attached heated garage with a 9ft door and 10ft ceilings, ideal for vehicle storage, workshop use, equipment, or materials - offering flexibility for a wide range of businesses, approx. 1100sqft. Below the office, you'll find a waterproofed basement with 7ft ceilings, a full bathroom and extensive shelving, providing valuable storage or operational space, approx. 1000sqft. The second floor includes two remodeled residential apartments, the front unit being a 2-bedroom/1-bathroom and the rear unit being a 1-bedroom/1-bathroom with balcony, both units have separate central HVAC systems, stainless steel appliances and in unit laundry. This is a rare opportunity to own a turnkey mixed-use office and investment property in a high traffic area - operate your business while building long-term equity with rental income already in place.
TURNKEY MIXED-USE OPPORTUNITY: Renovated Bar, Restaurant & Pizzeria + Apartment in Northwest Side of Chicago (BUSINESS + REAL ESTATE) This exceptional mixed-use property at 7455 W Irving Park Rd provides a rare opportunity to acquire a fully turnkey restaurant, pizzeria, and bar in a high-traffic Chicago location. The 4,055 SF freestanding building features a 3,125 SF restaurant and bar space that has been completely gut-rehabbed within the past year, ensuring a stabilized operation with no immediate capital requirements for the buyer. The restaurant's interior is built out for full-service dining with seating for approximately 95 patrons and includes a Chicago PPA liquor license, a dedicated game room for potential future gaming & VGT revenue, and a fully equipped commercial kitchen with newer pizza ovens, prep areas, a walk-in cooler/freezer, and much more. Adding to the investment's value is an attached 930 SF, three-bedroom residential apartment that provides a steady secondary income stream. Situated on a 0.16-acre corner lot with a dedicated 15-car parking area and plenty of street parking, the property benefits from prime frontage along Irving Park Road near Harlem Avenue and Forest Preserve Drive, an increasingly commercialized corridor with strong daily traffic counts, and just blocks away from Harlem-Irving Plaza (HIP) shopping center, where daily traffic counts reach up to 26,000 vehicles. This offering is perfect for an absentee investor or owner-operator looking for a renovated asset in a dense residential area with a high median household income of $92,409. Business and clientele are already in place and running. Please do not disturb the staff, customers, and tenants. Contact Listing Agent for showings.
Positioned at a highly visible corner along South Ashland Avenue in the heart of Chicago's vibrant Pilsen neighborhood, 1725 South Ashland Avenue presents a compelling mixed-use investment anchored by durable income and long-term upside. The property blends well-maintained residential units with established street-level commercial tenants, creating a balanced revenue profile that appeals to both traditional and value-add investors. The retail component benefits from excellent frontage and pedestrian exposure, with a tenant mix that includes a popular neighborhood restaurant, a nationally recognized wireless retailer, and a professional services office. These uses contribute consistent foot traffic while reinforcing the property's role as a daily-use destination within the community. Residential units above are thoughtfully laid out, well maintained, and historically occupied, supporting dependable in-place income with additional upside through future rental growth and lease-up of vacant units. Located minutes from the Chicago Loop, the asset is embedded within one of the city's most culturally rich and visually dynamic neighborhoods. Pilsen is known for its dense population base, strong neighborhood identity, and accessibility via CTA rail, major bus corridors, and nearby expressways. The surrounding area features a mix of residential density, local retail, and cultural landmarks, making it attractive to both tenants and long-term ownership. This offering represents a rare opportunity to acquire a corner mixed-use asset in an established urban submarket, combining immediate cash flow with future value enhancement potential in one of Chicago's most resilient neighborhoods.
Opportunity to own a commercial/residential building in a neighborhood that offers many types of shopping/restaurants and high volume foot and car traffic. Owner is retiring and has owned the building over 40 years with a business on the first floor and two residential units above. Perfect combination for investor who wants income, and space to showcase a new or existing business. Currently, the commercial space has been a popular bar during the current ownership. It has been closed for the past few years. Can be re-opened or create your own concept for the space, Restaurant, Retail, anything requiring a C2-2 zoning. The license for the bar is NOT TRANSFERABLE and must be acquired by new owners, if that is the intention of use. For more information, please call the listing agents.
Excellent investment opportunity in the New City area! This mixed-use property offers strong income potential with 8 residential units plus 1 storefront, providing multiple streams of revenue. The building features a desirable unit mix, including two 4-bedroom units, one 5-bedroom unit, one 3-bedroom unit, and four 2-bedroom units, appealing to a wide range of tenants. Most apartments have been updated, and each unit is equipped with separate heat and electric, helping to reduce owner expenses and simplify management. The storefront is currently vacant, creating a great opportunity for an owner-user to start a business or lease for additional income. The property is well-maintained and currently occupied by long-term tenants, with rents below market value, offering significant upside potential for increased cash flow. No leases in place provide added flexibility for future plans. Conveniently located near major streets, public transportation, and local amenities. A solid opportunity for investors looking to build equity and maximize returns in a growing area. *FULL UNFINISHED BASEMENT*
Listings courtesy of MRED as distributed by MLS GRID
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