1559 S Homan Avenue Chicago, IL ^$ 195,000

1559 S Homan Avenue

^$ 195,000

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1559 S Homan Avenue

Chicago, IL, 60623

^$ 195,000

Bedrooms-- Baths-- Sq 3,800

Monthly Estimate*

^$ 1,217

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Commercial Property for sale in Chicago, IL

for $195,000. This 3,800 square foot building was built in 1888 on a lot size of 0.048783.

Mixed use property for sale! The first floor offers a 1,000-square-foot storefront, along with a 2 bed 1 bath unit in the back w/ in-unit laundry! The second floor features a massive 4 bed, 2 bath w/ in unit laundry. The property also includes an open basement with great potential! Come in and finish the project! Start your own business at the storefront and live upstairs! Many updates have already been completed, including a new roof (2 years old), plumbing (2024), HVAC (2024), and framing (2024) Seller is finishing installing furnace and (AC).Plus, it's just minutes from the 290 expressway, making it easy to get around the city. Don't miss out-schedule your showing today! The price adjustment is due to the completion of the HVAC system that was added.

Commercial Active

Price

^$ 195,000

Property Type

Commercial

Taxes

^$ 1,058

Style

Lot Size

0.048783

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12456709

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1888

Electric None

Stories Count 2

Township West Chicago

Property Subtype Mixed Use

Tax Year 2023

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions At the northeast corner of 16th and Homan

City Chicago

Number Of Units Total 2

MLS Area CHI - North Lawndale

Lot Size Square Feet 2125

Tax Annual Amount 1058.32

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Total Fireplaces 0

Exterior

Building Area Total 3800

Lot Dimensions 2125

* Excluded Features

List By

Cloud Gate Realty Llc

Broker

sales@edyramirez.com

Affordability Calculator

$1,305

Per Month

Monthly Principal & Interest: $1,217
Monthly Property Taxes: $88
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$1,050,783

Percent of Sale Price 439%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/27/2025	$180,000	-5.26%	Price Down
10/8/2025	$190,000		Listed Price

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1559 S Homan Avenue, Chicago, IL, 60623 is a Commercial Property for sale at $195,000 with 3,800 sqft and a lot size of 0.048783. 1559 S Homan Avenue was built in 1888. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/23/2025.

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1559 S Homan Avenue

Commercial Property for sale in Chicago, IL

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