Chicago IL Commercial for Sale
The median home value in Chicago, IL is $350,000.
This is
higher than
the county median home value of $214,400.
The national median home value is $219,700.
The average price of homes sold in Chicago, IL is $350,000.
Approximately 38.87% of Chicago homes are owned,
compared to 48.34% rented, while
12.79% are vacant.
Chicago real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today! 
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Courtesy: Berkshire Hathaway HomeServices Starck Real Estate
815-385-5505
ADDITIONAL INFORMATIONWelcome to 721 S Dearborn in the heart of Printers Row. Great potential with lots of walking traffic. Big bay area windows with plenty of natural light. All fixtures included. Great location for office space, retail, commercial or office/tech use. 13' ceiling & 9' windows. Just a few minute walk to the CTA (Red Line) and multiple bus stops. One block north is the Ida B. Wells with quick access to the Kennedy, Eisenhower and Dan Ryan expressways. Easy access to Lake Shore Drive. Minutes away from Grant Park, Millennium Park, Buckingham Fountain, Shedd Aquarium, Field Museum, Soldier Field, McCormick Place, Merle Reskin Theatre, Restaurants, Hotels and all S. Michigan Ave. has to offer. Ample street parking. Motivated seller! $700,0007250 S Yale Avenue Chicago, IL 60621
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Courtesy: Pearson Realty Group
773-325-2800
ADDITIONAL INFORMATION7250 S Yale Ave is conveniently located in the Greater Grand Crossing neighborhood of Chicago's South Side. Only 2 blocks east of beautiful Hamilton Park and just 2 blocks west of the entrance and exit ramps to I-94, which is the main north-south Expressway running through Chicagoland. This location also puts this building almost exactly halfway between the mass transit light rail Red Line stops at 69th St and 79th St. Chicago's public CTA bus lines run east-west along 71st St. and 75th St. This 7-unit rental building features all 3 bed/1 bath units (21 bedrooms and 7 bathrooms total). While these units currently bring in approximately $88,000 in Gross Income, there is room for upside as pro forma rents could boost the income to over $106,000. $1,590,0003913 N Central Avenue Chicago, IL 60634
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Courtesy: EXIT Strategy Realty
312-554-5478
ADDITIONAL INFORMATIONNestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner's unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property's appeal and tenant satisfaction. This investment opportunity presents the allure of "armchair management," with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner's unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park. 
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Courtesy: Select a Fee RE System
312-421-1000
ADDITIONAL INFORMATIONRARELY AVAILABLE WEST LOOP MADISTON ST STOREFRONT CONDO. SINGLE PIN CONDO. CONDO IS SUBDIVIDED INTO TWO SEPERATE SPACES. BOTH SPACES HAVE SEPERATE GAS AND ELECTRIC METERS. BOTH SPACES ARE CURRENTLY UNDER LEASE. EXCELLENT WEST LOOP INCOME INVESTMENT OPPURTUNITY. 932-934 W Madison St at Madison Manor. $350,000935 E 75th Street Chicago, IL 60619
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Courtesy: Charles Rutenberg Realty of IL
630-929-1100
ADDITIONAL INFORMATIONUnique property with a total of 9 residential apartments, a church and a storefront property previously used as a beauty salon and 4 small odd units. Some of the residential units are in need of many repairs from fire damage, but a great opportunity to own this massive building. Property has three addresses but one pin. (935 E. 75th, 937 E. 75th & 7507-09 Ingleside). 
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Courtesy: Atlas Asset Management Realty LLC
312-617-8095
ADDITIONAL INFORMATIONSpectacular renovated investment building now graces the market, offering an exceptional opportunity to own a modern building that promises to deliver impressive returns. This property includes four beautiful (4) apartments and a huge storefront. This beautifully renovated mixed use brick building has separate central AC, furnaces and water heaters for each unit. There are two 2-bedroom and 1- bathroom apartments and two 3-bedroom and 1- bathroom apartments. The building boasts wood finishes and beautiful exposed brick throughout which make these rentals warm and cozy. Schedule your showing soon!!! $289,9002918 W 63rd Street Chicago, IL 60629
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Courtesy: Duarte Realty Company
708-589-5855
ADDITIONAL INFORMATIONExcellent opportunity to give your business exposure on busy 63rd ST with great traffic count! This property is ideal for a growing business. Commercial space is nearly 2000sqft with a great open layout, 2 baths, and access to backyard. Full unfinished basement for additional storage. 2nd floor is a 3 bed 2 bath apartment ready for your finishing touches. Large backyard with 1 car brick garage. Recent upgrades include: NEWER FURNACE, NEWER PLUMBING, NEWER ROOF. Zoning allows for a variety of businesses. LOW taxes and great rental income is ideal for any small business looking to expand! Schedule your showing before it's gone. 
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Courtesy: Tri-Taylor Realty & Management
312-829-7368
ADDITIONAL INFORMATIONAwesome Storefront in an awesome Location. Just west of downtown and the west loop. This location in the medical district offers the value of location, location, location. With over 1600 sq ft. of space that can be customized, an additional 1200 sq ft. of basement storage, clear visibility from the street and plenty of street parking, this is the perfect space for many business types. 
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATIONPERFECT FOR OWNER OPERATOR! $35K INCOME-UP AND GOING BEAUTY SALON INCLUDED WITH SALE OF THIS SOLID BRICK BUILDING FOR ONLY ONE PRICE. FULLY-EQUIPPED SALON ON 1ST FLR., 3 BEDROOM APARTMENT WITH UPDATED KITCHEN & BATH ON 2ND FLR. ADJACENT LOT ALSO INCLUDED. OWNER WILL ALSO SELL AS A PACKAGE W/5145 DIVISION FOR A DISCOUNTED PRICE! OWNER LIQUIDATING PORTFOLIO WHICH INCLUDES 5135 DIVISION & 5256 CHICAGO-FOR SMART OPERATOR 
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATIONGREAT OPPORTUNITY FOR BUSINESS OWNER/OPERATOR! 1250 SQ. FT. OF RETAIL SPACE ON 1ST FLR. BASEMENT FOR STORAGE. LARGE 3 BEDROOM APARTMENT ON 2ND FLR. WITH UPDATED KITCHEN & BATH. CAN BE PURCHASED TOGETHER WITH '5145 DIVISION' FOR EVEN GREATER SAVINGS! RENTS ARE BELOW MARKET! 
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATIONThis two story mixed use building is ideally situated on a corner lot in the heart of Austin! Building consists of 6 residential apartments and 2 stores and currently generating $75,600. 3-1bed/1 bath and 3-2 bed/2 bath. All are currently occupied. Gross rent multiplier of 6.6!!! 
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Courtesy: MK Home LLC
312-508-0508
ADDITIONAL INFORMATION7932 S Kingston is a seven (7) Unit building in Chicago's Historic South Shore neighborhood. It is comprised of six (6) units plus one (1) unit in basement. The six units are divided into three (3) three bedrooms one and half bathrooms, three (3) two bedroom one bathroom, and one (1) one bedroom one bathroom units. Building has potential to be an eight (8) unit, with one unit in basement that needs to be completely built out. Property is 45 feet wide and 125 feet long with two brick two car parking garage's in back. Many recent improvements to building have been completed, from window replacements, furnace replacements and hot water tank for building. Each Unit does have own furnace and hot water tanks. Entire property is enclosed by a rod iron fence. 
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATIONThe property located at 8031-35 S. Drexel Ave. in the Chatham neighborhood of Chicago, Illinois, represents a significant investment opportunity within the real estate market. This 12-unit residential building, fully renovated in 2014, offers a balanced mix of one and two-bedroom units, all benefiting from a subsidy arrangement with the Chicago Housing Authority (CHA). The property is under a 30-year contract with CHA, ensuring stable and secure revenue until at least 2044. Renovation: Full gut renovation in 2014 Units: 12 total 6 one-bedroom/one-bathroom units 6 two-bedroom/one-bathroom units Subsidy: All rents subsidized by CHA Contract: 30-year agreement with CHA, initial term until 2044 Financial Overview Purchase Price: $892,000 Cap Rate: 8.75% Net Operating Income (NOI): $78,067 Gross Rent Multiplier (GRM): 5.79 Investment Highlights Stable Income Stream: The CHA subsidy and long-term contract offer a secure and predictable income, minimizing vacancy risks and financial fluctuations. Favorable Financial Metrics: With a cap rate of 8.75% and a GRM of 5.79, the property presents a compelling investment opportunity, indicating strong income potential relative to the purchase price. 8031-35 S. Drexel Ave. offers a unique and lucrative investment opportunity in the Chatham neighborhood of Chicago. With all rents subsidized by CHA, a favorable unit mix, and solid financial indicators, this property is well-positioned for investors seeking stable returns and long-term capital growth. The recent renovation and ongoing CHA contract further underscore the attractiveness of this investment, promising a blend of immediate income generation and future value appreciation. 
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Courtesy: Coldwell Banker Realty
847-724-5800
ADDITIONAL INFORMATION**Prime Office Space Available!** Elevate your business with this exceptional property in the heart of Ukrainian Village. Featuring 1500 square feet of Grade A quality space, this office is equipped with 4 spacious rooms including a kitchen and bathroom with shower facilities. Enjoy the convenience of a private foyer entry, central air, washer/ dryer in unit, and ample storage space. With its prime location and versatile layout, this property offers endless possibilities for your business needs. Don't miss out on this opportunity - inquire now! 
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Courtesy: Keller Williams Thrive
847-241-2200
ADDITIONAL INFORMATIONGreat investment store front building in the heart of Belmont-Central area. The building is zoned B3-2 and consists of three individual stores (approx 1250 SF each) within two parcels totalling approximately 3750 SF of building space on a 50x126 lot. 3131 is rented through September 2025 and 3135 & 3137 are leased through December 2028 with interest in future renewals. Please allow 48 hour notice for listing agent to accompany showings. 
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Courtesy: Choice Realty Group Inc.
773-353-9177
ADDITIONAL INFORMATIONClean and updated 7 unit building. Large storefront and 6 apartments. Storefront remodeled a year ago and has newer bathroom and furnace. Six apartments above which are easy to rent. Close to transportation and business. Easy to manage, just hold and collect your rent. Show and sell. 
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Courtesy: Homesmart Connect LLC
847-495-5000
ADDITIONAL INFORMATIONWelcome to this solid brick 6 unit, this building has 6 two bedroom apts. This property offers a unique investment opportunity to contribute to the revitalization of Englewood. Property is also located in TIF district. Property sale subject to court approval. $1,100,0002729 S Princeton Avenue Chicago, IL 60616
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Courtesy: Richland Properties and Homes
312-842-1688
ADDITIONAL INFORMATION6 UNITS IN THE FRONT BUILDING WITH FINISHED BASEMENT. COIN-OP LAUNDRY. 2 STORY SINGLE FAMILY HOUSE IN THE BACK WITH CENTRAL HVAC. FRONT BUILDING TUCKPOINTED 10/2023, ROOF 2014 (RECOAT 4 YEARS AGO), WINDOWS 15 YEARS OLD, ROOF FOR COACH HOUSE 11/2023. PRIME LOCATION. CLOSE TO CHINATOWN. 
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Courtesy: Blue Master LLC
708-221-6364
ADDITIONAL INFORMATIONGREAT OPPORTUNITY! 2 unit - mixed use property on the corner lot in Humboldt Park! Needs updating of apartment rental unit of 1500 sq ft. Long standing first floor commercial tenant lease $1350 with two year remaining that would love to stay. Rent is under market because no increases over the last several years. There are many developments by both the city and private investors happening in the immediate area. There are NO city code violations on property. Property being sold "As-Is" $1,995,0006303 N Troy Street Chicago, IL 60659
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Courtesy: Basic House of Realty
773-728-2000
ADDITIONAL INFORMATIONSpacious long time ownership West Ridge Corner building with 11 Apartments and 9 Parking spaces.. Jumbo apartments consisting of 7 -2BDRM 1BTH 3-3 BDRM 1.5 BTH and 1 Studio...Laundry Room with 2 washers and 2 dryers Owned and storage rooms and 9 parking spaces Newer 3 years Rubber roof with Silver coating...Boiler and H2o Tank replaced approx. 8-10 years ...Apts have hardwood flooring under carpet...Updated Back porches... Rents are below market a lot of room for increase.... Parking is included in rent... Sold in as is Condition...Owner retiring... Showings only WEEKDAYS BETWEEN 1-3 pm building is fully occupied Text listing agent to confirm appointment or use Showing Assist Please. 
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Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATIONGreat investment opportunity. A total of twelve units and six storefronts. Two of the storefronts and four of the apartments are currently occupied. The property is ready to be customized to the buyers' needs and vision. The property is within an ideal location of 3.1 miles from Interstate 290. Walking distance from schools, parks, restaurants, stores, and public transportation. 
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Courtesy: Dream Town Real Estate
773-250-0400
ADDITIONAL INFORMATIONThis all-brick mixed-use building in Portage Park/Belmont Craigin includes a vacant fenced-in adjacent lot and is in great condition. The second floor consists of two, 2 bed 1 bath apartments well maintained, each with separate utilities, and private front and back entrances with a balcony. The main floor features a front office, with one private office and a large warehouse in the back. Also, on the first floor is a half bath, freezer, and double doors that open into the side fenced yard. A full unfinished basement with an additional freezer and a two-car garage off the alley complete the package. First two floors are over 5800 square feet, 2 separate pins each lot is 30x126 making this 60-foot frontage on bustling Belmont Ave. The building is in excellent condition but this is an estate sale and is offered in AS IS condition. Two pins exist 13213300310000/1321330030000 
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Courtesy: Engel & Voelkers Chicago North Shore
847-441-5730
ADDITIONAL INFORMATIONRarely available opportunity for a live-work space. The building at 3632 N. Western currently features a ground floor medical office, which can easily be adapted to whatever use you need, and a second floor, 2-bedroom, 2-bathroom apartment of 3,783 square feet. The apartment has a full-sized jacuzzi as a bathtub and bidet. Additional features include 2-indoor, heated parking spaces, a sun porch and balcony. The building's AC is new (2021). Newer roof. Situated at the corner of Western and Addison, the building is conveniently close to transportation. Nearby locations include Western Addison Plaza, Lane Tech and Alexander Graham Bell School, Waveland Bowl, Clark (Richard) Park. The buildings are less than a mile from Roscoe Village. The two PIN numbers are: 13-24-209-028 $1,250,0006813 S Harper Avenue Chicago, IL 60637
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Courtesy: City Habitat Realty LLC
773-856-0552
ADDITIONAL INFORMATIONGREAT INVESTMENT - Professionally managed 6-unit building with a 5-car garage. Rehabbed in 2017-18. New plumbing, new electric(400Amp), new water service, partial tuckpointing 2021, updated roof 2022. All 6 jumbo units are 3 bedrooms/2 baths with a washer& dryer and individual water heater. Rents can be higher but kept low for long-term tenants. All plans and inspections were passed and available for buyers. Unbeatable location minutes away from Obama Library, South Shore Beach, and Jackson Park Golf Course. $275,0001329 W 99th Street Chicago, IL 60643
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Courtesy: Kale Realty
312-939-5253
ADDITIONAL INFORMATIONThat sounds like an enticing opportunity for investors and business owners alike! Owning the building where your business operates can offer stability, control over your space, and potential for long-term appreciation. The fact that the current business income covers your expense suggests that there's potential for good returns on investment. Having a business already in place can provide immediate income while also offering flexibility for future use of the space. And with the additional basement space, there's room for expansion or the possibility of adding more amenities to attract tenants or customers. The visibility on the main street is a definite plus, as it can increase foot traffic and visibility for any business operating there. Plus, having the ability to customize the space to fit your specific needs opens up endless possibilities for creativity and growth. Overall, this sounds like a promising investment opportunity with potential for both immediate returns and long-term growth.
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