NEW! Buy and sell safely with virtual options - Learn More
About the Listing 26779 - 246341
Exceptional mixed-use investment opportunity in the rapidly developing New City neighborhood, just steps from 47th Street and Laflin Avenue. Positioned on a prime corner lot, this property is best positioned as a three-unit building with significant value-add potential, making it ideal for investors or owner-occupants seeking long-term growth. Currently configured as three income-producing units, the building offers a flexible layout that blends commercial and residential uses. The highly visible corner storefront provides strong commercial appeal and consistent foot and vehicle traffic, while the residential units deliver stable rental potential. At the rear of the building, a massive residential unit spanning over 1,600 square feet offers a layout comparable to a single-family home, featuring three spacious bedrooms and two full bathrooms. The unit includes a separate kitchen, formal living room, family room, and oversized dining area, creating an attractive and functional living space for tenants or an owner-occupant. The full basement presents a compelling opportunity for expansion. With substantial square footage and solid condition, the space is well-suited for conversion into an additional garden-level studio unit, allowing investors to easily add a fourth unit and increase rental income and property value (subject to zoning and permits). Owned and operated by the same family for over 20 years, the property has been carefully maintained and offers a rare combination of stability and upside. Located within a TIF district. This is a unique chance to acquire a versatile multi-unit asset with both immediate income and future development potential in one of Chicago's emerging neighborhoods.
Listing Highlights
Status
Active
Days on Site
21
Property Type
Commercial Sale
MLS ®
12561001
Year Built
1933
Total Square Footage
0
Lot/Acreage
0.07
County
Cook
Area
CHI - New City
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiators
- Fireplaces: 0
- Floor: Carpet,Concrete,Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 25X125
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: Parking-Street
Financial Details
- Tax Amount: $2,212
- Taxes w/Assessments: N/A
- Tax/Property ID: 20081010110000
- Tax Year: 2023
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
Listing 12561001 Chicago, IL 60609
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
