Commercial: MLS #12509274 Chicago, IL ^$ 250,000

Commercial: MLS #12509274

^$ 250,000

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Commercial: MLS #12509274

Name: address
Address: IL, 60623

Chicago, IL, 60623

^$ 250,000

Bedrooms-- Baths-- Sq 9,800

Property for Rent in Chicago, IL

for $250,000. This 9,800 square foot property was built in 1860 on a lot size of 0.144628.

Prime development opportunity with RT4 zoning. Lot is 6300 sq ft building is 9800 sq ft. Approx 50 X 126 per floor. Originally built as a wood working shop, it has recently been used as an artist's work/live space with high ceilings up to 15'. Property is being sold AS IS. Building is Dry: no water or sewer. The building needs to be completely gut rehabbed,including leveling and pouring new concrete on the first floor, providing new sewer and water to the building from the street, and replacing all the siding and windows. Has a 400 AMP electrical service and a 8' wide side driveway. The second floor has two additional studio spaces as well as a living space. 1 block from Cermak Road and the 21 Cermak bus and 3/4ths of a mile to the Pink Line (California / Cermak).

Rental Contingent

Price

^$ 250,000

Taxes

^$ 20,226

Style

Non Conforming

Lot Size

0.144628

Year Built

1860

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12509274

Features

General

Cooling Window Unit(s)

Utilities Electric to Site Natural Gas Available

Zoning OTHER

Construction Materials Brick Wood Frame

Year Built 1860

Electric Circuit Breakers Service - 201 to 600 Amps

Tenant Pays Electricity Heat Taxes

Stories Count 2

Tax Year 2024

Current Use Non Conforming

County Cook

Net Operating Income 0

Operating Expense 3900

Property Type Commercial Sale Instut/To Develop

Contingency Attorney/Inspection

Possible Use Condominium Non Conforming Development Special Use

Status Contingent

Directions Cermak to Troy. South to property

City Chicago

MLS Area CHI - South Lawndale

Lot Size Square Feet 6300

Tax Annual Amount 20226

Additional Parcels Y/N N

Lease Type N/A

Standard Status Active Under Contract

Exterior

Building Area Total 9800

Lot Dimensions 126X 50

Frontage Type City Street

* Excluded Features

List By

Baird & Warner

Broker

melissa.stanley@bairdwarner.com; melissa@arthousechicago.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/2/2025	$250,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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Data is updated as of 12/20/2025.

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Commercial: MLS #12509274

Property for Rent in Chicago, IL

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