Listing provided courtesy of CompassMREDas Distributed by MLSGrid- MLS# 12652644MLS Provider

2054 W Grand AvenueChicago, IL 60612

Multi-Family · 2 Beds
$3,249,000 Active

2054 W Grand Avenue Overview

Time on Site:
41 days
Visits:
1

Welcome to 2054-2058 W Grand Ave in the heart of West Town. This exceptional live / work space was designed by renowned Chicago architects UrbanLab and has been featured in Dwell magazine. The property spans 3 prime Chicago lots (2 PINS), with the main building being constructed of prefabricated concrete wall panels. The prefab concrete offers structure and insulation while providing a simple, clean and sustainable design. Built in 2013 as an FDA-approved food production facility with a ground floor storefront and restaurant for street visibility and a large area with 24' ceiling height for processing and warehousing. The first floor has ample floor drains and polished concrete floors, providing endless possibilities for food and beverage production, a luxurious garage, furniture design or art fabrication / display to name a few ideas. It also features 3 different commercial kitchen prep spaces with multiple exhaust hoods, ADA required bathrooms, a staff / break room, 2 mechanical rooms, 800 AMP electrical service, and a staging area with overhead doors for shipping & receiving. The building design does allow for all of the rooms to be cleared, leaving only 2 centrally located columns, should that be of interest to the next occupant. The second floor has an office space with a conference room and two private offices as well as a few mechanical rooms and additional warehousing / processing space, which can be accessed through a safety gate from the first floor with a forklift. The top floor is a gorgeous 2 bedroom, 2 bathroom apartment with floor to ceiling windows, sleek finishes, and a massive roof deck with unobstructed views of the Chicago skyline. Expertly appointed with high end appliances like a Wolf range, Bosch refrigerator and dishwasher, Duravit sinks and toilets and Axor fixtures. The primary bathroom also features a steam shower and an oversized bathtub set in a quartz and tile surround. There's a formal living room, dining room / flex space and a private roof deck, which is accessible from all of the main spaces in the home. Each level of the building is accessible via a Schindler hydraulic passenger elevator with separate keyed access for floors 2 & 3 and 2 stairwells. The two adjacent properties to the east (2050 and 2048 W Grand Ave) include a simple frame two unit dwelling and a vacant lot that's currently used as an urban garden. These can be included as part of the package for an additional $1,000,000.00. These parcels protect your view but could be repurposed to expand the footprint of the existing commercial or residential space. There's parking here for over 6 cars, 3 Forced air RTUs with AC and 2 water heaters for the building (one for the first floor, the other for the third floor) all 12 years old. There is a Generac natural gas-powered generator that supports a mixture of breakers on floors 1-3, but not the entire building. The first floor has 10+ ceiling-integrated speakers with 4+ zones that have wall-mounted volume controls. The building has new electronic access alarm system with remote access and indoor / outdoor camera surveillance system with remote access (both installed Jan 2025). 3 of 5 exterior doors have electric strike system and Cat-5 wiring throughout most areas of all floors. Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference. Seller plans to leave the majority of restaurant equipment, including the range. The exhaust hoods will remain with the building. There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen. Many more thoughtful details that make this an exceptional property to both work and live!

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2054 W Grand Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299
  • Elementary School: Talcott Elementary School
  • Middle Or Junior School: Talcott Elementary School
  • High School: Wells Community Academy Senior H

Building Information

  • New Construction: No
  • Year Built: 2013

Location/Region

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

Tax Information

  • Tax Annual Amount: $25,686.63
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 17071240170000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: COMMR

Interior

Parking Information

  • Half Baths Building: 2

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 2
  • Bedrooms Possible: 2
  • Full Baths Building: 2

General Information

  • Basement: None
  • Heating: Natural Gas
  • Rooms Total: 5

Exterior

Parking Information

  • Parking Features: Yes
  • Parking Total: 6

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 72X92
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Other

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 0
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 2

2054 W Grand Avenue Neighborhood

Community

60612 (CHICAGO) Demographics

34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
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.

2054 W Grand 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.

2054 W Grand Avenue Market Data

Based on the last 30 days in this zip code

$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

2054 W Grand Avenue History

Date Event Value Agent
5/24/2026Source: MRED Status Change
Active
5/24/2026Source: MRED Status Change
Active
5/19/2026Source: MRED Added to Database
May 19, 2026
5/19/2026Source: MRED Added to Database
May 19, 2026