2544 E 83rd Street
Chicago, IL, 60617 $ 275,000
Bedrooms-- Baths-- Sq 4,920 for $275,000. This 4,920 square foot property was built in 1960 on a lot size of 0.14348.
Welcome to South Chicago's next premier business opportunity - a dynamic mixed-use property offering endless potential in a rapidly evolving corridor. Formerly home to two separate businesses, a bar and salon, this expansive commercial space has already undergone major improvements, including a brand-new tear-off roof and a completely gutted to the studs in preparation for a large-scale restaurant and bar concept. Architectural plans are included with the sale, creating a seamless path for your vision to become reality. Designed with flexibility in mind, the massive steel-framed structure offers a rare clear-span layout with uninterrupted floor-to-ceiling window lines, delivering exceptional natural light, visibility, and design possibilities. Whether you envision a trendy restaurant, upscale lounge, cafe, boutique retail space, gym, creative studio, or professional office, this property is ready to accommodate your next venture. Above the commercial space, the attached residential apartment provides the ultimate live/work opportunity, featuring three spacious bedrooms, one-and-a-half baths, and both front and rear outdoor decks perfect for relaxing or entertaining. A large gated backyard and expansive on-site parking add even more convenience and functionality. Ideally located near the future Quantum Computing Campus and surrounded by ongoing neighborhood investment and development projects, this property is positioned to benefit from continued growth, increased demand, and long-term value appreciation. This is a unique chance to establish your business, invest in a transforming community, and create something truly exceptional. Schedule your private tour today and explore the possibilities waiting in South Chicago!
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FeaturesGeneralCooling Window Unit(s)
Possession Closing
Roof Rubber
Zoning OTHER
Year Built 1960
Electric Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat Insurance Other
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Single Family
Status New
Directions Yates Blvd to 83rd St - Turn East East 83rd St to property address
City Chicago
Number Of Units Total 3
MLS Area CHI - South Chicago
Lot Size Square Feet 6250
Tax Annual Amount 4380
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Lease Type N/A
Standard Status Active
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ExteriorBuilding Area Total 4920
Lot Dimensions 50X125
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* Excluded FeaturesList ByFulton Grace RealtyBroker
rich@gramercysold.comEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/21/2026 | $275,000 | | Listed Price |