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Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12512185MLS Provider

Chicago, IL 60612

Commercial · 3,000 Sq. ft.
$285,000 Re-activated

Overview

Time on Site:
229 days
Visits:
1

Solid brick commercial building of approximately 3,000+ SF covering the entire lot. The property features storm shutters protecting the storefront facade. The interior is currently framed for two offices with two (2) roughed in washrooms. The building is set up for 400 AMP service (electric line at the pole recently cut, copper stolen, and will need reconnection). The building currently has no power - you must bring a flashlight for showings. The structure will require significant tuckpointing and masonry work. Many coping stones at the roofline are missing. A new HVAC system will be needed. A section of the wood floor needs to be replaced. The property is located within a Federal Opportunity Zone, providing potential tax incentives and accelerated depreciation for qualified improvements. The condition of the property is reflected in the price. This is an AS IS sale. This is an excellent opportunity for an investor, contractor, or owner-user seeking a value-add project.

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Facts & Features

  • Type Commercial
  • Sq. ft. 3,000
  • Price/Sq.ft. $95

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 17000

Building Information

  • Year Built: 1899

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - East Garfield Park

Tax Information

  • Tax Annual Amount: $15,577.40
  • Tax Year: 2024

General Information

  • Parcel Number: 16131030070000
  • Possible Use: Commercial
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3000

General Information

  • Cooling: None
  • Electric: None
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 3000

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Paved
  • Lot Size Dimensions: 24 x 124
  • Lot Size Square Feet: 3031

Building Exterior/Construction

  • Construction Materials: Brick, Wood

General Information

  • Utilities: Electric to Site,Natural Gas Available

Neighborhood

Community

60612 (CHICAGO) Demographics

34
Median Age
8,600
Population Density (per sq. mile)
45%
College Educated
$44,538
Estimated Median Income
3,770
Estimated Total Home Owners
9,430
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$595,193
Average List Price
$390
Average Price per Square Foot
18
Properties Sold
93
Average Days on Market
77
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
6/29/2026Source: MRED Price Increase
$285,000 72.7%
6/29/2026Source: MRED Status Change
Re-activated
11/17/2025Source: MRED Status Change
Active
11/12/2025Source: MRED Added to Database
November 12, 2025