401 S Cicero Avenue Chicago, IL $ 249,000
401 S Cicero Avenue
$ 249,000
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401 S Cicero Avenue

Chicago, IL, 60644
$ 249,000
Bedrooms-- Baths-- Sq 2,958

Monthly Estimate*

$ 1,553

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Commercial Property for sale in Chicago, IL

for $249,000. This 2,958 square foot building was built in 1916 on a lot size of 0.143021.

Perfectly situated on a high-visibility corner along Cicero Avenue, 401 S Cicero Ave offers investors a rare mixed-use asset with multiple income streams and strong value-add potential in one of Chicago's rapidly evolving commercial corridors. The property includes a street-level retail space currently leased to a neighborhood convenience store, benefiting from excellent exposure, steady traffic counts, and convenient access to major transit routes including I-290 and nearby CTA bus lines. Above the commercial space is a spacious vintage residential unit, ideal for renovation and re-leasing at market rates-providing an immediate upside opportunity. Totaling approximately 3,300 SF, the building features efficient layouts, solid brick construction, clean mechanical systems, and separately metered utilities-supporting easier management and lower operating costs. Located minutes from the West Suburban Medical District, Garfield Park Conservatory, and multiple CTA options, the property sits at the intersection of strong residential density and consistent commercial demand. This asset is well-suited for first-time commercial buyers, seasoned investors seeking a portfolio add-on, or value-add operators looking to increase cash flow in a strengthening submarket.

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Commercial Active

Price

$ 249,000

Property Type

Commercial

Taxes

$ 3,758

Style

Lot Size

0.143021

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12529789

Features
General
Cooling Central Air
Year Built 1916
Electric Separate Meters
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 36000
County Cook
Net Operating Income 24342
Operating Expense 9858
Insurance Expense 2600
Property Type Commercial Sale Mixed Use
Status New
Directions Head south on Cicero Avenue to property
City Chicago
Number Of Units Total 2
MLS Area CHI - Austin
Lot Size Square Feet 6230
Tax Annual Amount 3758
Electric Expense 500
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N N
Standard Status Active
Cap Rate 9.78
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Exterior
Building Area Total 2958
Lot Dimensions 72.7x79.8x27.2x4.3x100x84.2
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* Excluded Features
List By
@Properties Commercial

Broker

kjrocio@atproperties.com

Email

Affordability Calculator

$1,867
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,553
Monthly Property Taxes
$313
Monthly Home Insurance
--
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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/9/2025$249,000 Listed Price

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401 S Cicero Avenue, Chicago, IL, 60644 is a Commercial Property for sale at $249,000 with 2,958 sqft and a lot size of 0.143021. 401 S Cicero Avenue was built in 1916. The property's zip code is 60644 which is in Chicago, IL