1870 S Blue Island Avenue Chicago, IL $ 1,500,000
1870 S Blue Island Avenue
$ 1,500,000
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1870 S Blue Island Avenue

Chicago, IL, 60608
$ 1,500,000
Bedrooms-- Baths-- Sq 12,800

Monthly Estimate*

$ 9,358

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Commercial Property for sale in Chicago, IL

for $1,500,000. This 12,800 square foot building was built in 1899 on a lot size of 0.114784.

Prime Mixed-Use Opportunity in Iconic Pilsen Building! Don't miss this exceptional chance to expand your business or investment portfolio in one of Pilsen's most recognizable and high-traffic locations. This elevator building offers two commercial floors-each approximately 4,900 SF-that can be leased together or separately, providing outstanding flexibility for a wide range of uses. ***The main floor boasts a spacious open layout, ideal for retail, creative office, or showroom space. ***The second floor includes six private offices, previously used as medical suites. Currently, three spaces are leased to commercial tenants, offering built-in income and potential for so much more. Ample storage and diagonal parking add convenience for tenants and customers alike. ***The third floor features a beautifully remodeled 3,000+ SF private residence with phenomenal skyline views-an urban oasis above it all. And there's even more potential: the flat roof above the rear commercial space offers the perfect opportunity to add an enormous private deck for entertaining, gardening, or relaxation. Located just steps from the 18th Street Pink Line station and major bus routes, this property sits in one of Chicago's most vibrant and creative neighborhoods. The ward is development-friendly and open to working with forward-thinking developers. Whether you're envisioning a flagship commercial space, a dynamic mixed-use concept, or a one-of-a-kind live/work environment-your dreams can come true here. Success attracts success-make this iconic address the next chapter in your story.

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Commercial Contingent

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 19,875

Style

Commercial

Lot Size

0.114784

Year Built

1899

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12430288

Features
General
Cooling Central Air
Roof Reflective Coating
Zoning COMMR
Construction Materials Brick Concrete Steel Siding Stone
Year Built 1899
Electric Circuit Breakers Service - 201 to 600 Amps Over 600 Amps
Tenant Pays Varies by Tenant
Stories Count 3
Township West Chicago
Property Subtype Mixed Use
Tax Year 2023
Current Use Commercial
Gross Income 4100
County Cook
Net Operating Income 15623
Operating Expense 33577
Insurance Expense 15000
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial Office Multi-Family Retail
Status Contingent
Directions 18th to Blue Island south on Blue Island to 19th. Building on the Corner.
City Chicago
Number Of Units Total 13
MLS Area CHI - Lower West Side
Lot Size Square Feet 5000
Tax Annual Amount 19875
Electric Expense 9180
Fuel Expense 5837
Trash Expense 1560
Water Sewer Expense 2000
Additional Parcels Y/N N
Standard Status Active Under Contract
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Interior
Flooring Concrete Tile Wood
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 12800
Lot Dimensions PER SURVEY
Frontage Type City Street
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* Excluded Features
List By
Eldorrado Chicago Real Estate

Broker

Alexis@Eldorrado.com

Email

Affordability Calculator

$11,014
Per Month
85%
15%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$1,656
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/25/2025$1,500,000 Listed Price

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1870 S Blue Island Avenue, Chicago, IL, 60608 is a Commercial Property for sale at $1,500,000 with 12,800 sqft and a lot size of 0.114784. 1870 S Blue Island Avenue was built in 1899. The property's zip code is 60608 which is in Chicago, IL