Commercial: MLS #12512185 Chicago, IL $ 285,000
Commercial: MLS #12512185
$ 285,000
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Commercial: MLS #12512185

Chicago, IL, 60612
$ 285,000
Bedrooms-- Baths-- Sq 3,000

Monthly Estimate*

$ 1,800

MLS #/Web ID: 12512185 - Image 1
MLS #/Web ID: 12512185 - Image 2
MLS #/Web ID: 12512185 - Image 3
MLS #/Web ID: 12512185 - Image 4

Commercial Property for sale in Chicago, IL

for $285,000. This 3,000 square foot building was built in 1899 on a lot size of 0.069582.

Solid brick commercial building of approximately 3,000+ SF covering the entire lot. The property features storm shutters protecting the storefront facade. The interior is currently framed for two offices with two (2) roughed in washrooms. The building is set up for 400 AMP service (electric line at the pole recently cut, copper stolen, and will need reconnection). The building currently has no power - you must bring a flashlight for showings. The structure will require significant tuckpointing and masonry work. Many coping stones at the roofline are missing. A new HVAC system will be needed. A section of the wood floor needs to be replaced. The property is located within a Federal Opportunity Zone, providing potential tax incentives and accelerated depreciation for qualified improvements. The condition of the property is reflected in the price. This is an "AS IS" sale. This is an excellent opportunity for an investor, contractor, or owner-user seeking a value-add project.

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Commercial Active

Price

$ 285,000

Property Type

Commercial

Taxes

$ 15,577

Style

Commercial

Lot Size

0.069582

Year Built

1899

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12512185

Features
General
Cooling None
Utilities Electric to Site Natural Gas Available
Possession Closing
Zoning COMMR
Construction Materials Brick Wood
Year Built 1899
Electric None
Stories Count 1
Property Subtype Other
Tax Year 2024
Current Use Commercial
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 17000
Property Type Commercial Sale Industrial
Possible Use Commercial
Status Active
Directions Take Madison Avenue east or west to the property
City Chicago
MLS Area CHI - East Garfield Park
Lot Size Square Feet 3031
Tax Annual Amount 15577.4
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
Cap Rate 0
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Exterior
Building Area Total 3000
Lot Dimensions 24 x 124
Frontage Type City Street Paved
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* Excluded Features
List By
Coldwell Banker Realty

Broker

bruce.heller@cbexchange.com

Email

Affordability Calculator

$3,098
Per Month
58%
42%
0%
Monthly Principal & Interest
$1,800
Monthly Property Taxes
$1,298
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
11/13/2025$165,000 Listed Price

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