Commercial: MLS #12652513 Chicago, IL $ 50,000
Commercial: MLS #12652513
$ 50,000
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Commercial: MLS #12652513

Chicago, IL, 60628
$ 50,000
Bedrooms-- Baths-- Sq 2,008

Monthly Estimate*

$ 308

MLS #/Web ID: 12652513 - Image 1
MLS #/Web ID: 12652513 - Image 2
MLS #/Web ID: 12652513 - Image 3
MLS #/Web ID: 12652513 - Image 4
MLS #/Web ID: 12652513 - Image 5

Commercial Property for sale in Chicago, IL

for $50,000. This 2,008 square foot building was built in 1892 on a lot size of 0.088958.

Mixed-use opportunity with major upside potential. This property features a commercial storefront on the main level with a residential apartment above and experienced a significant fire event in January 2026. The property is being sold strictly as-is. Chicago Fire Department reports indicate damage from fire, smoke, and water, with the fire originating in the living space. Extensive rehabilitation will be required, making this an opportunity best suited for experienced investors, developers, rehabbers, or business owners looking to customize a live/work or income-producing property. Insurance and inspection documentation available. Preliminary estimates reference repairs to roofing, framing, siding, interior plaster/drywall, flooring, ceilings, and portions of the attic and living areas. Located along the planned Red Line Extension corridor, this property offers long-term redevelopment and investment potential in a growing area of Chicago. Buyer to perform all due diligence regarding condition, zoning, permits, code compliance, and feasibility of renovation or redevelopment. Cash or renovation financing likely required. Enter at your own risk; showings only with permission and appropriate precautions. Rare opportunity to reposition a mixed-use property in an area poised for future investment and infrastructure growth.

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Commercial Contingent

Price

$ 50,000

Property Type

Commercial

Taxes

$ 951

Style

Lot Size

0.088958

Year Built

1892

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12652513

Features
General
Cooling None
Zoning COMMR
Construction Materials Brick
Year Built 1892
Electric Service - 101 to 200 Amps
Stories Count 2
Property Subtype Mixed Use
Tax Year 2023
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Status Contingent
Directions West on 115th South on Michigan Ave.
City Chicago
Number Of Units Total 2
MLS Area CHI - Roseland
Lot Size Square Feet 3875
Tax Annual Amount 951
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active Under Contract
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Exterior
Building Area Total 2008
Lot Dimensions 3875
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* Excluded Features
List By
Engel & Voelkers Chicago North Shore

Broker

erin.booker@evrealestate.com

Email

Affordability Calculator

$387
Per Month
80%
20%
0%
Monthly Principal & Interest
$308
Monthly Property Taxes
$79
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
6/5/2026$50,000 Listed Price

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