2054 W Grand Avenue
Chicago, IL, 60612 $ 3,500,000
Bedrooms2 Baths4.2 Monthly Estimate*
$ 21,550
for $3,500,000 with 2 bedrooms and 4 full baths, 2 half baths. This home was built in 2013.
Welcome to 2054-2058 W Grand Ave in the heart of Chicago's vibrant West Town neighborhood. This exceptional live / work space was designed by renowned Chicago architects UrbanLab and has been featured in Dwell magazine. The property spans 3 prime Chicago lots (2 PINS), with the main building being constructed of prefabricated concrete wall panels. The prefab concrete offers structure and insulation while providing a simple, clean and sustainable design. Built in 2013 as an FDA-approved food production facility with a ground floor storefront and restaurant for street visibility and a large area with 24' ceiling height for processing and warehousing. The first floor has ample floor drains and polished concrete floors, providing endless possibilities for food and beverage production, a luxurious garage, furniture design or art fabrication / display (to suggest a few ideas). It also features 3 different commercial kitchen prep spaces with multiple exhaust hoods, ADA required bathrooms, a staff / break room, 2 mechanical rooms, 800 AMP electrical service, and a staging area with overhead doors for shipping & receiving. The building design does allow for all of the rooms to be cleared, leaving only 2 centrally located columns, should that be of interest to the next occupant. The second floor has an office space with a conference room and two private offices as well as a few mechanical rooms and additional warehousing / processing space, which can be accessed through a safety gate from the first floor with a forklift. The top floor is a gorgeous 2 bedroom, 2 bathroom apartment with floor to ceiling windows, and a massive roof deck with unobstructed views of the Chicago skyline. Expertly appointed with high end appliances like a Wolf range, Bosch refrigerator and dishwasher, Duravit sinks and toilets and Axor fixtures. The primary bathroom also features a steam shower and an oversized bathtub set in a quartz and tile surround. There's a formal living room, dining room / flex space and a private roof deck, which is accessible from all of the main spaces in the home. Each level of the building is accessible via a Schindler hydraulic passenger elevator with separate keyed access for floors 2 & 3 and 2 stairwells. The two adjacent properties to the east (2050 and 2048 W Grand Ave) include a simple frame two unit dwelling and a vacant lot that's currently used as an urban garden. These can be included as part of the package for an additional $1,000,000.00. These parcels protect your view but could be repurposed to expand the footprint of the existing commercial or residential space. There's parking here for over 6 cars, 3 Forced air RTUs with AC and 2 water heaters for the building (one for the first floor, the other for the third floor) all 12 years old. There is a Generac natural gas-powered generator that supports a mixture of breakers on floors 1-3, but not the entire building. The first floor has 10+ ceiling-integrated speakers with 4+ zones that have wall-mounted volume controls. The building has new electronic access alarm system with remote access and indoor / outdoor camera surveillance system with remote access (both installed Jan 2025). 3 of 5 exterior doors have electric strike system and Cat-5 wiring throughout most areas of all floors. Some or all of the restaurant fixtures /equipment could be included or excluded based on buyer's preference. Seller plans to leave the majority of restaurant equipment, including the range. The exhaust hoods will remain with the building. There is an 8' hood in the main retail / kitchen area and approx. an 18' hood and make up air hood in the rear kitchen. Many more thoughtful details that make this an exceptional property to both work and live!
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning COMMR
Architectural Style Other
Construction Materials Other
Year Built 2013
Township West Chicago
Tax Year 2023
Ownership Fee Simple
Additional Parcels Description 17071240160000
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 5
Status New
Directions Grand to Hoyne. On the corner of Grand and Hoyne.
High School Wells Community Academy Senior H
City Chicago
High School District 299
MLS Area CHI - West Town
Elementary School Talcott Elementary School
Tax Annual Amount 25686.63
Middle/Junior High School Talcott Elementary School
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorBasement None
Total Bedrooms 2
Total Baths 4
Bedrooms Possible 2
Full Baths Building 2
Half Baths Building 2
Total Number of Units 3
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ExteriorWater Source Lake Michigan
Total Parking 6
Lot Dimensions 72X92
Waterfront Y/N N
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* Excluded FeaturesList Bykat.barry@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $21,550
- Monthly Property Taxes
- $2,141
- 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $620,278
Percent of Sale Price 82%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565691 Elementary School
565691 Middle School
Wells Community Academy Senior H High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/17/2026 | $3,500,000 | | Listed Price |