2548 W 59th Street Chicago, IL ^$ 650,000

2548 W 59th Street

^$ 650,000

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2548 W 59th Street

Chicago, IL, 60629

^$ 650,000

Bedrooms-- Baths-- Sq 4,900

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Property for Rent in Chicago, IL

for $650,000. This 4,900 square foot property was built in 1924 on a lot size of 0.14348.

Turnkey commercial opportunity! This updated restaurant-ready building offers a spacious dining area with seating for approximately 200 guests, a full bar, and a large commercial kitchen with equipment included. Tables and chairs are also included, making this an excellent opportunity for an owner-user or investor. The property features two large restrooms with three stalls each, plus two ADA-compliant restrooms for added convenience. Recent improvements include updated electrical, plumbing, HVAC, flooring, windows, interior paint, and a speaker system throughout the building. The roof is approximately 10 years old. Well maintained and move-in ready, this versatile property is ideal for a restaurant, banquet hall, catering business, event venue, or other commercial use (subject to local zoning). Don't miss this exceptional investment opportunity-schedule your private showing today!

Rental Active

Price

^$ 650,000

Taxes

^$ 20,115

Style

Lot Size

0.14348

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12693602

Features

General

Cooling Central Air

Possession Closing Immediate

Roof Rubber

Zoning COMMR

Construction Materials Brick

Year Built 1924

Electric Circuit Breakers Service - 101 to 200 Amps

Stories Count 1

Township South Chicago

Property Subtype Restaurant

Tax Year 2024

Gross Income 0

Assoc Fee Paid Per Not Applicable

County Cook

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Retail/Stores

Status New

Directions Go West on 59th street to property 2 blocks west of Western Ave.

City Chicago

Number Of Units Total 1

MLS Area CHI - Gage Park

Lot Size Square Feet 6250

Tax Annual Amount 20115.32

Additional Parcels Y/N N

Leasable Area 4900

Lease Type N/A

Standard Status Active

Interior

Flooring Vinyl

Exterior

Foundation Details Concrete Perimeter

Building Area Total 4900

Lot Dimensions 50X125

Frontage Type City Street

* Excluded Features

List By

R.A. Homes & Associates, Inc.

Broker

rahomes59@gmail.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
7/1/2026	$650,000		Listed Price

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2548 W 59th Street, Chicago, IL, 60629 is a Property for Rent at $650,000 with 4,900 sqft and a lot size of 0.14348. 2548 W 59th Street was built in 1924. The property's zip code is 60629 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 7/2/2026.

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2548 W 59th Street

Property for Rent in Chicago, IL

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