3935 S Kedzie Avenue Chicago, IL $ 230,000
3935 S Kedzie Avenue
$ 230,000
Foreclosure
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3935 S Kedzie Avenue

Chicago, IL, 60632
$ 230,000
Bedrooms-- Baths-- Sq 4,375

Monthly Estimate*

$ 1,452

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Commercial Property for sale in Chicago, IL

for $230,000. This 4,375 square foot building was built in 1916 on a lot size of 0.129132.

**PRE-FORECLOSURE OPPORTUNITY - RECEIVER APPOINTED - CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago's Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don't miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.

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Commercial Active

Price

$ 230,000

Property Type

Commercial

Taxes

$ 6,830

Style

Lot Size

0.129132

Year Built

1916

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12660583

Features
General
Cooling Central Air
Possession Closing Immediate
Zoning COMMR
Construction Materials Brick
Year Built 1916
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Varies by Tenant
Stories Count 2
Tax Year 2024
Current Use Other
Gross Income 0
County Cook
Insurance Expense 2200
Property Type Commercial Sale Mixed Use
Status Active
Directions Archer Avenue then turn North on Kedzie Ave. property is on the corner of 39th Place and Kedzie Ave.
City Chicago
Number Of Units Total 7
MLS Area CHI - Brighton Park
Lot Size Square Feet 5625
Tax Annual Amount 6830.84
Electric Expense 520
Fuel Expense 198
Trash Expense 0
Water Sewer Expense 150
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 4375
Lot Dimensions 25X125
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* Excluded Features
List By
Keller Williams Onechicago

Broker

laquan@4closurestopper.com

Email

Affordability Calculator

$2,021
Per Month
72%
28%
0%
Monthly Principal & Interest
$1,452
Monthly Property Taxes
$569
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5/29/2026$230,000 Listed Price

Map


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3935 S Kedzie Avenue, Chicago, IL, 60632 is a Commercial Property for sale at $230,000 with 4,375 sqft and a lot size of 0.129132. 3935 S Kedzie Avenue was built in 1916. The property's zip code is 60632 which is in Chicago, IL