Listing provided courtesy of Keller Williams ONEChicagoMREDas Distributed by MLSGrid- MLS# 12660583MLS Provider

3935 S Kedzie AvenueChicago, IL 60632

Commercial · 4,375 Sq. ft.
$230,000 Active

3935 S Kedzie Avenue Overview

Time on Site:
31 days
Visits:
3

**PRE-FORECLOSURE OPPORTUNITY - RECEIVER APPOINTED - CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago's Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don't miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.

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3935 S Kedzie Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,375
  • Price/Sq.ft. $53

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 520
  • Fuel Expense: 198
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 2200
  • Trash Expense: 0
  • Water Sewer Expense: 150

Building Information

  • Year Built: 1916

Business Information

  • Current Use: Other

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Brighton Park

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $6,830.84
  • Tax Year: 2024

General Information

  • Parcel Number: 19011040010000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 4375

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X125
  • Lot Size Square Feet: 5625

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 7

3935 S Kedzie Avenue Neighborhood

Community

60632 (Chicago) Demographics

31
Median Age
11,593
Population Density (per sq. mile)
16%
College Educated
$46,937
Estimated Median Income
13,824
Estimated Total Home Owners
11,346
Estimated Total Renters
55% / 45%
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.

3935 S Kedzie Avenue Monthly Cost

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* 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.

3935 S Kedzie Avenue Market Data

Based on the last 30 days in this zip code

$356,042
Average List Price
$254
Average Price per Square Foot
16
Properties Sold
60
Average Days on Market
48
Properties for Sale
Calculations provided by Reliance Network

3935 S Kedzie Avenue History

Date Event Value Agent
6/3/2026Source: MRED Status Change
Active
5/29/2026Source: MRED Added to Database
May 29, 2026