2524 S California Avenue Chicago, IL $ 849,999
2524 S California Avenue
$ 849,999
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2524 S California Avenue

Chicago, IL, 60608
$ 849,999
Bedrooms-- Baths-- Sq 5,550

Monthly Estimate*

$ 5,234

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Commercial Property for sale in Chicago, IL

for $849,999. This 5,550 square foot building was built in 1891 on a lot size of 0.073462.

Nestled in a vibrant neighborhood close to parks, shops, public transit, and bustling local businesses, this updated property offers a rare investment opportunity. Spanning two separate buildings, it features an impressive, income-generating setup: a 4-unit residential section plus a restaurant space, totaling 7 bedrooms and 4 full bathrooms. The front building boasts a highly visible restaurant or commercial space on the ground floor, drawing steady foot traffic, with a spacious 2-bedroom, 1-bath apartment above and a full basement below. Coin-operated laundry in the basement provides extra income for the owner. The rear building enhances the property's value with two additional 2-bedroom, 1-bath apartments and a basement unit. A 1-car garage adds convenience, while tenants covering all utilities keeps expenses low. The mixed-use design means you benefit from both residential and commercial tenants, ensuring a diverse and steady income stream.

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Commercial Active

Price

$ 849,999

Property Type

Commercial

Taxes

$ 8,795

Style

Lot Size

0.073462

Year Built

1891

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12663078

Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1891
Electric Other
Tenant Pays All Utilities
Stories Count 2
Township South Chicago
Property Subtype Mixed Use
Tax Year 2023
Gross Income 116400
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status New
Directions On California Blvd South 2500
City Chicago
Number Of Units Total 5
MLS Area CHI - South Lawndale
Lot Size Square Feet 3200
Tax Annual Amount 8795
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 5550
Lot Dimensions 25X128
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

tperry@bhhschicago.com

Email

Affordability Calculator

$5,967
Per Month
88%
12%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
$733
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
6/7/2026$849,999 Listed Price

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2524 S California Avenue, Chicago, IL, 60608 is a Commercial Property for sale at $849,999 with 5,550 sqft and a lot size of 0.073462. 2524 S California Avenue was built in 1891. The property's zip code is 60608 which is in Chicago, IL