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Listing provided courtesy of Real Broker LLCMREDas Distributed by MLSGrid- MLS# 12598287MLS Provider

Chicago, IL 60623

Commercial · 5,760 Sq. ft.
$390,000 Active

Overview

Time on Site:
101 days
Visits:
3

(((!!BIG PRICE DROP IN LITTLE VILLAGE!!))) Great looking Mixed Use Property. Property consists of (1) large lightly renovated commercial space with ((14 ft ceilings)) that is currently occupied, and gets $1800 per month for rent with a lease for 2 years ending 01/2028. And (1) 1 bed 1 bath apartment currently occupied as well getting $1250 for rent with a lease ending 08/2026. The commercial space was lightly renovated and the following work was completed: New paint, New bathroom, Furnace was recently serviced, New LED lights installed throughout, Tuckpointed the rear of the building and Installed new tempered glass windows in the front. In the 1 bedroom 1 bathroom apartment the work that was completed is as follows: New paint, New hardwood floors, New plumbing, New bathroom sink, New toilet, New appliances and New kitchen sink. ((THERE'S NO PARKING)). There are a total of 1.5 bathrooms. The basement is a half basement, about 400 sq ft and it is unfinished.

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Facts & Features

  • Type Commercial
  • Sq. ft. 5,760
  • Price/Sq.ft. $68

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 3050
  • Gross Scheduled Income: 36600
  • Insurance Expense: 2400
  • Net Operating Income: 25963
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1913

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Lawndale
  • Township: West Chicago

Rent/Lease Information

  • Tenant Pays: Heat

Tax Information

  • Tax Annual Amount: $8,237.00
  • Tax Year: 2024

General Information

  • Parcel Number: 16251040002000
  • Possible Use: Commercial,Office
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: OFFIC

Interior

Building Information

  • Office SqFt.: 2600
  • Retail SqFt.: 400

Building Interior

  • Building Area Total: 5760

General Information

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 24X120
  • Lot Size Square Feet: 2880

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 2

Neighborhood

Community

60623 (CHICAGO) Demographics

33
Median Age
14,242
Population Density (per sq. mile)
17%
College Educated
$34,714
Estimated Median Income
9,269
Estimated Total Home Owners
16,477
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$338,047
Average List Price
$199
Average Price per Square Foot
6
Properties Sold
76
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Price Reduction
$390,000 -2.5%
4/29/2026Source: MRED Status Change
Price Change
3/26/2026Source: MRED Status Change
Active
3/21/2026Source: MRED Added to Database
March 21, 2026