5042 W Armitage Avenue Chicago, IL $ 349,000
5042 W Armitage Avenue
$ 349,000
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5042 W Armitage Avenue

Chicago, IL, 60639
$ 349,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,410

5042 W Armitage Avenue, Chicago, IL 60639 - Image 1

Commercial Property for sale in Chicago, IL

for $349,000. This building was built in 1940 on a lot size of 0.029844.

OPPORTUNITY AWAITS - MIXED-USE INVESTMENT PROPERTY WITH ENDLESS POTENTIAL! Bring your vision and creativity to this unique mixed-use property featuring a commercial space on the main level and two residential units above! Previously operated as a neighborhood bar (no liquor license included), the main level offers exciting possibilities for its next chapter. The upper level features two spacious 2-3 bedroom units, both of which were fully rented at the time of the fire. Having sustained significant fire damage, this property is in need of a complete rehabilitation, offering investors, developers, and entrepreneurs a blank canvas to reimagine and restore. Whether you're looking to revitalize the commercial space, generate rental income, or transform the entire property, the potential is here! BRING YOUR CONTRACTOR, YOUR IDEAS, AND YOUR VISION! Don't miss this opportunity to breathe new life into a property with tremendous possibilities. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, permits, condition, and potential uses.

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Commercial Active

Price

$ 349,000

Property Type

Commercial

Taxes

$ 10,045

Style

Lot Size

0.029844

Year Built

1940

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12788929

Features
General
Cooling None
Possession Closing
Construction Materials Brick Frame
Year Built 1940
Electric Other
Stories Count 3
Property Subtype Mixed Use
Tax Year 2025
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions Cicero to armitage ave west
City Chicago
Number Of Units Total 2
MLS Area CHI - Belmont Cragin
Lot Size Square Feet 1300
Tax Annual Amount 10045
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Standard Status Active
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Exterior
Lot Dimensions 50 x 125
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* Excluded Features
List By
Baird & Warner

Broker

Maureen.Frederick@bairdwarner.com

Email

Affordability Calculator

$3,248
Per Month
74%
26%
0%
Monthly Principal & Interest
$2,410
Monthly Property Taxes
$837
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2026$349,000 Listed Price

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5042 W Armitage Avenue, Chicago, IL, 60639 is a Commercial Property for sale at $349,000 with a lot size of 0.029844. 5042 W Armitage Avenue was built in 1940. The property's zip code is 60639 which is in Chicago, IL