7023 W Archer Avenue Chicago, IL $ 280,000
7023 W Archer Avenue
$ 280,000
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7023 W Archer Avenue

Chicago, IL, 60638
$ 280,000
Bedrooms-- Baths-- Sq 1,400

Monthly Estimate*

$ 1,724

7023 W Archer Avenue, Chicago, IL 60638 - Image 1
7023 W Archer Avenue, Chicago, IL 60638 - Image 2

Commercial Property for sale in Chicago, IL

for $280,000. This 1,400 square foot building was built in 1961 on a lot size of 0.084229.

Excellent Opportunity in Garfield Ridge on Archer Ave! This adaptable property-now zoned R-2-offers strong potential for investors, developers, or anyone looking to reimagine a well-located building. Positioned just two blocks east of Harlem Ave, it sits in a high-visibility area with convenient access to everyday amenities. The building includes a full basement for storage, two half baths, a rear storage room, and an additional room that already has a sink and refrigerator, giving you flexible options for future use. Key updates include a newer furnace, a 2-year-old water heater, and a roof replaced about 3 years ago. Parking is a major plus here, with 6-8 spaces available in the back-ideal for tenants or future plans. The location adds even more value: close to shopping, public transit, I-55, the Orange Line, and Midway Airport. If you're looking for a property with space, accessibility, and strong potential, this Garfield Ridge offering deserves your attention.

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Commercial Active

Price

$ 280,000

Property Type

Commercial

Taxes

$ 7,849

Style

Commercial,Zoning Change Required

Lot Size

0.084229

Year Built

1961

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12617446

Features
General
Cooling Central Air
Zoning COMMR
Year Built 1961
Electric Circuit Breakers
Stories Count 1
Township Lake
Property Subtype Neighborhood Storefront
Tax Year 2024
Current Use Commercial Zoning Change Required
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status New
Directions Harlem to Archer Ave East to Property.
City Chicago
MLS Area CHI - Garfield Ridge
Lot Size Square Feet 3669
Tax Annual Amount 7849
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Building Area Total 1400
Lot Dimensions 41.79 x 87.80
Frontage Type Public Road Alley Access
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* Excluded Features
List By
Homesmart Realty Group

Broker

gregromek545@gmail.com

Email

Affordability Calculator

$2,378
Per Month
72%
28%
0%
Monthly Principal & Interest
$1,724
Monthly Property Taxes
$654
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/14/2026$280,000 Listed Price

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7023 W Archer Avenue, Chicago, IL, 60638 is a Commercial Property for sale at $280,000 with 1,400 sqft and a lot size of 0.084229. 7023 W Archer Avenue was built in 1961. The property's zip code is 60638 which is in Chicago, IL