The median home value in Chicago, IL is $312,000.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Chicago, IL is $312,000.
Approximately 40% of Chicago homes are owned,
compared to 48% rented, while
12% are vacant.
Chicago real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Chicago real estate agent to arrange a tour today! Learn more about Chicago.
Welcome to 1651 N. Karlov Avenue - a cherished and beautifully maintained church nestled in the heart of West Humboldt Park. This special property offers a wonderful place for worship, fellowship, and community connection. The spacious sanctuary seats over 500 people, featuring striking stained-glass windows that fill the space with gentle light and inspiration. Behind the scenes, you'll find four private offices and a 14x11 conference room, providing comfortable spaces for ministry work, planning, and outreach. Gather friends and family in the fellowship hall spanning more than 2,200 sq. ft., perfect for weddings, celebrations, and community events. The full commercial kitchen-complete with a large stove and refrigerator-makes hosting meals and special gatherings easy and enjoyable. Adding even more value, the property includes a separate pastor's residence, creating convenience and a true sense of home. Every corner of this church has been lovingly cared for, reflecting years of dedication and pride. This is more than a property-it's an opportunity to continue a legacy of faith, service, and togetherness in a vibrant neighborhood community.
Private keyed elevator enters into this 3,000 square foot office condominium .This luxury loft space offers the opportunity to own a full floor in the heart of the city and the flexibility to have an office with high-end appointments or the ability to easily convert to a live/work suite or a two or three-bedroom apartment. The light-filled space boasts a dramatic entry lobby with secure elevator identity, floor-to-ceiling windows providing extensive light, incredible views and access to unit via stairway. There is also a shared rooftop deck, individual storage lockers, bike storage and a gym. This space is ideal for live/work, office, or a private residence. Assessments include all utilities except electricity. Area tenants include The University Club, The Art Institute of Chicago, The Palmer House, Nordstrom Rack, Target, Macy's, DePaul University, The School of the Art Institute of Chicago, Roosevelt University, Silversmith Hotel, Chicago Theater, Chicago Symphony Orchestra, Harris Theater, James M. Nederlander Theatre, restaurants and public transportation.
Exceptional mixed-use property in the Roseland area, fully renovated in 2022 and ready for business or owner occupancy. The first floor features a fully equipped commercial space, complete with all necessary fixtures and furnishings to continue the legacy of the Ware Ranch Steak House. The second floor offers a flexible, open-concept area that can be used as additional dining, living space, or a banquet hall. Additional features include parking for 4 cars in the rear, central air, central heat with individual controls, and separate meters for electricity. Most items stay with the property, providing a turnkey opportunity, with only a small cooler and select wall decor excluded. Conveniently located with easy access to Michigan Avenue, this property is ideal for entrepreneurs, investors, or anyone looking to operate a business with residential potential above. Schedule your showing today and explore the possibilities this versatile Roseland property has to offer!
Don't miss this exceptional opportunity to own a versatile three-unit mixed-use building in the heart of thriving Logan Square, ideally located along a stretch of Milwaukee Avenue recently enhanced by a $30 million streetscape redevelopment. The property features a flexible ground-floor commercial space, perfect for a salon, cafe, restaurant, boutique, office, or any business you envision in this booming neighborhood, along with two well-appointed apartments above, each offering two bedrooms and one bathroom. A private back courtyard and two-car garage add rare convenience and appeal in this highly desirable location. Fully leased with adaptable tenant agreements, the building offers the option to operate your own business on the first floor while enjoying steady rental income from the residential units above. With a 3,700-square-foot lot, prime commercial and residential potential, and high demand in one of Chicago's most sought-after areas, 2836 N Milwaukee Avenue is a must-see investment.
Great opportunity to own two story brick building in the area of heavy traffic. Excellent spot for a business on the main floor with an apartment for rent on the second floor that consists of 2 bedrooms, 2 bathrooms, living room, office, kitchen with the table space and family room. Beautiful very well kept building . Updated basement offers additional storage space, newer boiler, newer water heater. Flat rubber roof. Nice spacious backyard. Detached 2 car garage. Property is being sold AS - IS condition.
Alert investors, Great opportunity to own the most attractive mixed use building in Norwood Park if not in the Northwest Side and Suburbs. This 35 year old building has 6 one bedroom, one bath apartments with individual utilities, furnaces and storage all rented below market rental rate. Laundry Room with coin operated washer and dryer. !st floor has Real Estate/Builders office since 1991 and a long term Daycare Tenant since 2007. Entire building is fully rented albeit not at today's market value. New roof in 2014. 5 Parking spaces not rented that should be rented.
Excellent opportunity in the South Shore neighborhood of Chicago! This 6-unit brick building features six spacious 2-bedroom, 1-bathroom apartments, each with great potential once updated. The property boasts a full finished basement and detached garage parking for up to 8 cars. Brick construction with strong sructural potential. Located near schools, shopping, public transportation and the lakefront. Property needs work and is being sold in AS IS condition, no surveys nor disclosures, taxes prorated.
4 Bathrooms: 2 Upstairs / 2 on Main Level 3 Bedrooms total in Upstairs unit Needs updating. Sold As/Is. 2 Units: 1 residential (2nd Fl) 1 commercial (1st Fl.) Property has large basement! Parking Lot for 6+ vehicles in rear.
NOW AVAILABLE! Prime Commercial Office Space on Bustling Western Avenue 9021 S Western Ave | Beverly, Chicago Seize the opportunity to elevate your business in the vibrant Beverly neighborhood, located within the thriving 95th/Western TIF district. This highvisibility commercial office, formerly a private Chinese language school, offers a flexible layout ideal for a wide range of professional uses including medical, dental, legal, wellness, consulting, or other private practices. Completely rehabbed in 2025, the space features four private offices, a reception desk, a client lobby, a bathroom, and a fully updated kitchen with new appliances and countertops. Additional upgrades completed in 2025 include a new A/C, furnace, water heater, sealed flat roof with a new drain, full tuckpointing (including around all existing windows), new ceramic plank flooring throughout, fresh paint, and all new lighting. The property offers approximately 2,400 square feet of adaptable space and can be delivered furnished or unfurnished. The location is exceptional - just minutes from Evergreen Plaza and the Evergreen Shopping Mall, with the CTA bus stop conveniently located right outside the office. The property sits only a few blocks from I90/94, offering quick access for clients and staff. Nearby amenities include local parks such as Rockwell Park, regional destinations like Harborside International Golf Center, and a variety of shopping and dining options. For those seeking even more, the Magnificent Mile is just a trip north into the city. A rear parking lot with 11-12 exterior spaces ensures easy access and convenience. Situated on busy Western Avenue, this property benefits from excellent visibility, strong traffic flow, and unmatched accessibility. Don't miss this rare chance to secure a beautifully updated, turnkey office space in one of Chicago's most desirable Beverly neighborhoods - the perfect foundation for launching or expanding your business.
Introducing a prime income producing investment opportunity plus tremendous development potential in the Back of the Yards neighborhood at 4748 South Ashland Avenue - spread over 5 CITY LOTS - 124 FT of frontage on Ashland Ave & on the corner of 48th Street. This 10,984 SF, 2-story building offers a spacious & versatile layout on the 1st floor with a long-term daycare tenant + a 5,450 SF vacant, ready to build out second floor ideal for offices, medical, apartments, gym or other uses, + three vacant lots for new construction retail, parking or both. This property presents a compelling opportunity for investors seeking a strategic addition to their portfolio with huge upside development potential. With its prime location & ample space, this property is prepped to meet the demands of modern businesses. Take advantage of this rare chance to secure a valuable asset in a thriving commercial real estate market. The building was gut rehabbed from a shell & in superb condition, with all modern mechanicals. Excellent visibility & accessibility with a high walk score of 85/100. City Reinvestment Opportunity, "INVEST South/West" corridor. Potential for customization & value add potential to suit specific business needs. Ample off street parking potential for employees & visitors. Proximity to critical amenities & transportation options. -Strong potential for rental income growth &/or an owner operator. Unlimited potential offers huge development opportunity, leading to value appreciation in an upcoming neighborhood. Sellers are retiring & are pricing this to sell & way below their cost.
Seize the opportunity to own a fully rehabbed, income-generating powerhouse in the heart of Brighton Park. This 6-unit apartment building has been meticulously updated from top to bottom, offering investors a rare, "plug-and-play" asset with immediate strong cash flow. Modern luxury meets high yield. Each of the six spacious units features high-end finishes designed to attract and retain premium tenants: Gourmet Kitchens: Brand new cabinetry paired with elegant granite countertops. Refined Interiors: Gleaming, newly refinished hardwood floors throughout. Designer Baths: Fully updated bathrooms with modern fixtures and custom tiling. Worry-Free Maintenance: Updated systems throughout the building ensure low overhead for years to come. This is a true "money maker" in a rapidly appreciating neighborhood. Whether you are looking to expand your portfolio or start with a flagship asset, this Brighton Park gem is ready for its next owner. Schedule your private tour today!
Prime Value-Add investment opportunity in nice South Shore neighborhood. 12-unit m/u property, comprised of (8) 2 Bedroom/1Bath Units, and (4) 3 Bedroom/1 Bath units. Two 6-unit brick buildings, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.
Prime Value-Add investment opportunity in nice South Shore neighborhood. 6-unit m/u property, comprised of (4) 2 Bedroom/1Bath Units and (2) 3 Bedroom/1 Bath units. (Being offered as discounted package with adjacent 6-unit identical building. MLS#12499606) 6-unit brick building, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.
Large frame 2.5 story mixed use building on a high traffic stretch of 26th Street featuring a street level commercial storefront, three residential units, and a full unfinished attic with potential for expansion and additional rental units. Interior is in a to the studs condition, offering a blank canvas for buyer build out and customization. Ideal opportunity for investors or owner occupants seeking a mixed use income property.
Fully Stabilized Bronzeville Location-Series of 7 New/er Construction 3 Flat all 3 bedroom 2 bath units rear patio/decks all with 3 car garages- 21 total units. Intelligently designed apartments featuring clean white cabinetry in a professional kitchen setting, stainless steel appliance package, quartz island with a full backsplash and dedicated dining areas in each. Rich and warm wide planked LVT flooring throughout, making it both beautiful and practical for longevity. Open and bright living room has a separate breakfast nook for daily dining, and both guest bedrooms can accommodate queen-sized beds. Primary suite is expansive with walk-in closet and a spa-level bathroom with an oversized shower, glass enclosure, and crisp black metal plumbing and trim details. All units include high-efficiency furnaces, tankless hot water heaters, full window treatments, in-unit washer/dryer, private rear terrace, and secure premises with 3 car garage. AAA Trophy Piece- Fully stabilized. Perfect Turn-key or Future 1031 opportunity. Hyper Convenient, Exceptional property and location.
HOT West Town/ Wicker Park 4 UNIT under $1M Prime corner location accross from Hyatt Place and the in demand Kennedy RoofTop! Beautiful 4 UNIT with flexible B32 Zoning, with an expansive patio/rooftop, all brick property with 3 residential apartments - 1/1 each, 1 commercial storefront with an open floor plan and a full unfinished basement, 2 car attached garage. Location with ample shopping, nightlife, parks and recreation in the area, public transporation: regurlar bus service, walking distance to both the Division and Damen Blue Line, walkng distance to the Clybourn Metra; a commuter's dream. This is a family occupied building, so rents are well below market and ready for new owner to maximize revenue and value on this great investment via stabilization and strategic improvements! Boutique cafe? So much opportunity. No Seller financing. "As Is" appraisal on hand at $625K! Lis Pendens from the City of Chicago Case#20231401774, seller has an estimate of approximately $68K for the masonry work, permits applied for; however, seller chose to let the new owner decide the work to be done as part of their own reno plan. Scafolding already in place, permits and violations will transfer with sale. Sold AS IS WHERE IS. Neither seller, seller's agent or seller's brokerage make any respresentations, warranties or guarantees expressed or implied. Conduct independent due diligence.
Exceptional investment opportunity in a prime Humboldt Park location, just moments from Wicker Park and the vibrant Division and Milwaukee corridors. This property has six units and is surrounded by popular shops, restaurants, and everyday conveniences. The property features a classic brick front building with three units in the front and three additional units in the rear. Rear units have two bedrooms and one bathroom, while front units feature one bedroom, one bathroom, and an additional office-ideal for today's flexible living needs. A full basement provides coin-operated laundry and ample storage. All six units offer tenant-paid utilities with separate electric and water heaters, plus two parking spaces in the rear. See the additional documents for disclosures, rent roll, and pro forma.
Discover an exceptional retail opportunity in a high-visibility commercial corridor. This spacious 3,435 Sq Ft storefront-paired with an additional 3,435 sq ft full basement-offers a total of 6,870 sq ft of versatile space ideal for retail, showroom, service, or mixed-use concepts. The main level features an open floor plan with excellent frontage, large display windows and strong foot and vehicle traffic. The equal-sized basement provides valuable storage, production, or back-office capacity, enabling efficient operations and seamless customer flow. Schedule your private showing today!
Value-Add Commercial Corner Opportunity in Chicago's Auburn Gresham Neighborhood. 1510 W 87th St offers a highly visible corner-lot commercial storefront. This one-story brick building features an impressive approximately 130 feet of frontage along 87th Street, providing excellent exposure, signage potential, and street presence. The property is currently owner-occupied and offers flexible use for retail, office, or neighborhood-serving business concepts. A standout feature of the property is the massive, fully fenced parking lot, an increasingly rare asset along high-traffic commercial corridors, offering significant value for both customers and operations. With its corner location, strong visibility, and flexible redevelopment or leasing potential, 1510 W 87th St is well-suited for investors or owner-users seeking a value-add commercial opportunity. The property may also be purchased individually or as part of a package with 1513 W 87th St across the street.
ATTENTION INVESTORS, REHABBERS - PRIME Mixed-Use Investment Opportunity! COMMERCIAL ZONED C1-2 WITH a 2 CAR GARAGE. HEAVY RENOVATION REQUIRED. C1-2 zoning allows for a wide range of uses, including but not limited to Retail Stores, Restaurants, Office Buildings, Banks, Medical and Dental clinics, Residential Units Above Ground-Level Commercial Spaces. Solid Brick Mixed-Use property in North Lawndale. This property is comprised of 1 commercial storefront and 3 - 2bed/1bath residential units. Property is Being Sold in As-Is condition, dimensions and information are approximate and buyer/representation responsibility to verify. Seller Does Not Provide Survey. Heavy Renovation. Sold As-Is.
Value Add Mixed-Use Opportunity in Chicago's Auburn Gresham Neighborhood. 1513 W 87th St presents a solid mixed-use investment featuring 11 total unit: 8 residential apartments and 3 commercial storefronts, offering immediate income with long-term upside. The residential component includes eight 1-bedroom, 1-bath units, with four units on the second floor and four on the third floor. All units feature similar layouts and are occupied by long-term tenants on month-to-month leases, currently renting at $750 per month, providing stable cash flow with flexibility for future rent growth. The three commercial storefronts, located on the first floor, offer excellent street visibility and can be utilized for retail or office use. These spaces are currently owner-occupied and will be delivered vacant at closing, allowing a new owner to set market rents or occupy the space. Additional features include a rear parking lot accessed from the alley, a garage/storage room, and an unfinished basement offering additional storage or potential value add opportunities. This property is ideal for investors seeking a mixed-use asset with existing income, commercial flexibility, and upside potential in a well-established South Side neighborhood. Package Opportunity: A separate commercial corner-lot storefront located directly across the street is also available and may be purchased as a package with this property.
This 3,300 sq/ft all-brick mixed-use building is priced to sell and presents a fantastic opportunity for business owners or investors seeking to diversify their portfolio. Situated on a high-traffic corner in bustling Humboldt Park bordering Logan Square, the property is ideally suited for retail, convenience store, or restaurant use. The main level offers a flexible commercial layout featuring five offices, a kitchen, bathroom and ample storage. Legally zoned a 3 unit, there is also an efficiency behind the commercial space. The second level includes a spacious 4-bedroom, 1-bath apartment, providing excellent potential for owner-occupancy or rental income. The basement offers additional storage space and includes a bank vault. An attached two-car garage with high ceilings and overhead doors adds further functionality and value. Please note the property has experienced fire damage and requires renovation. Exercise caution when touring. This property may qualify for a grant of up to 250K thru the Neighborhood Opportunity Fund. Website detailed in broker remarks.
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