3251 W 111TH Street Chicago, IL $ 325,000
3251 W 111TH Street
$ 325,000
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3251 W 111TH Street

Chicago, IL, 60655
$ 325,000
Bedrooms-- Baths--
3251 W 111TH Street, Chicago, IL 60655 - Image 1
3251 W 111TH Street, Chicago, IL 60655 - Image 2
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3251 W 111TH Street, Chicago, IL 60655 - Image 4
3251 W 111TH Street, Chicago, IL 60655 - Image 5
3251 W 111TH Street, Chicago, IL 60655 - Image 6
3251 W 111TH Street, Chicago, IL 60655 - Image 7
3251 W 111TH Street, Chicago, IL 60655 - Image 8
3251 W 111TH Street, Chicago, IL 60655 - Image 9
3251 W 111TH Street, Chicago, IL 60655 - Image 10
3251 W 111TH Street, Chicago, IL 60655 - Image 11
3251 W 111TH Street, Chicago, IL 60655 - Image 12
3251 W 111TH Street, Chicago, IL 60655 - Image 13

Property for Rent in Chicago, IL

for $325,000. This property was built in 1919 on a lot size of 0.144927.

Incredible Investment Opportunity in Prime Mount Greenwood! Here's your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There's also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you're looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.

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Rental Active

Price

$ 325,000

Taxes

$ 3,206

Style

Lot Size

0.144927

Year Built

1919

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12420638

Features
General
Cooling Wall Sleeve
Zoning COMMR
Construction Materials Wood Frame
Year Built 1919
Electric Other
Tenant Pays Electricity Heat
Stories Count 2
Township Lake
Property Subtype Mixed Use
Tax Year 2023
Gross Income 1975
County Cook
Net Operating Income 21030
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status Active
Directions WEST OF WESTERN AVENUE; EAST OF PULASKI AVENUE; NORTH OF 119TH; SOUTH OF 95TH; GO WEST ON 111TH ST.
City Chicago
Number Of Units Total 2
MLS Area CHI - Mount Greenwood
Lot Size Square Feet 6313
Tax Annual Amount 3206
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Lease Type Gross
Standard Status Active
Total Actual Rent 1975
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Exterior
Foundation Details Brick/Mortar Concrete Perimeter
Lot Dimensions 50 X 125
Frontage Type City Street
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

stefanie@atproperties.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2025$325,000 Listed Price

Map


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3251 W 111TH Street, Chicago, IL, 60655 is a Property for Rent at $325,000 with a lot size of 0.144927. 3251 W 111TH Street was built in 1919. The property's zip code is 60655 which is in Chicago, IL