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$ 140,000
Est. payment /mo
Price Dropped by $25K
256 W 115th Street Chicago, IL 60628
2,008 SqFt
UPDATED:
03/02/2025 06:06 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,008 sqft
Price per Sqft $69
MLS Listing ID 12291087
Year Built 1892
Annual Tax Amount $951
Tax Year 2023
Lot Dimensions 3875
Property Sub-Type Mixed Use
Property Description
Prime Investment Opportunity - Mixed-Use Property with High Upside Potential Unlock the full potential of this mixed-use property, perfect for developers and investors looking for their next high-ROI project. This property includes: A two-bedroom, one-bath residential unit ready for value-add upgrades. Ground-floor commercial space ideal for retail or office use. An adjacent vacant parcel offering expansion or new development potential. Basement storage and mechanicals with room for functional improvements. An attic space that could be converted into an additional income-generating unit. With the upcoming Red Line extension, property values and neighborhood demand are set to rise, making this a prime opportunity for a lucrative flip or long-term investment. The estimated After Repair Value (ARV) exceeds 300,000, presenting a strong margin for profitability. Act now-opportunities like this don't last long!
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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Listed by Erin Booker • Engel & Voelkers Chicago North Shore