- Status Active
- Price $2,249,500
- Bed Not provided
- Bath Not provided
- Location North Austin
This 33-unit mixed-use property, a bank-owned asset in Chicago's thriving North Austin neighborhood, presents an attractive investment opportunity in a historic urban setting. Constructed in 1925, the elegant terracotta building features 7 commercial storefronts, 20 one-bedroom/one-bathroom apartments, and 6 two-bedroom/one-bathroom apartments, creating a diverse and stable revenue stream. The property's varied unit mix appeals to a wide range of tenants, from small businesses to residential renters. Significant value-add potential exists through targeted upgrades, including modernizing the commercial spaces (notably the vacant corner unit), enhancing on-site parking, and improving laundry facilities. With strategic renovations and efficient property management, investors can unlock substantial cash flow and long-term appreciation in Chicago's dynamic rental market. Located in a vibrant, historic community with strong demand, this property is ideal for those looking to capitalize on the city's growing real estate opportunities.
General Info
- Price $2,249,500
- Bed Not provided
- Bath Not provided
- Taxes $30,206
- Market Time 111 days
- Year Built 1925
- Square Feet Not provided
- Assessments Not provided
- Assessments Include Not provided
- Listed by: Geary's Realty LLC Phone: 847.234.2040
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms
- Bedrooms Not provided
- Bathrooms Not provided
Features
- Heat Hot Water
- Air Conditioning Not provided
- Appliances Not provided
- Parking Not provided
- Age Older
- Exterior Not provided
Based on information submitted to the MLS GRID as of 9/30/2025 1:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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