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$ 288,000
Est. payment | /mo
$ 288,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12434285
Year Built 1927
Annual Tax Amount $849
Tax Year 2023
Lot Dimensions 30X110
Property Sub-Type Mixed Use
Property Description
With strong bones and authentic charm, this space offers the kind of raw potential that savvy and experienced investors and creative renovators dream of! Discover the potential of this character-rich red brick MIXED-USE building (B3-1 zoning) located in Chicago's vibrant location, which encompasses the Roseland and Washington Heights neighborhoods. This versatile property features three spacious 2-bedroom, 1-bath residential units and a street-level commercial storefront, currently operating as a beauty salon/barbershop. A detached 2-car garage adds further value. The building is partially occupied with month-to-month tenants, and current rents are well below market-offering a prime value-add opportunity. While it's not a blank slate, this building is ready for thoughtful renovations to unlock its full earning potential. Whether you're an investor seeking your next income-producing project or an owner-occupant with vision, this property offers flexibility, function, and strong upside. A new furnace was installed in January 2025-setting the stage for future improvements. Seize the opportunity to reimagine and revitalize this classic Chicago asset in a neighborhood on the rise.
Location
State IL
County Cook
Area Chi - West Pullman
Zoning OTHER
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Alina Alexa McCurdy • Engel & Voelkers Chicago
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Brandy Graves
Broker-Associate | Lic# 475175567