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3251 W 111th Street Chicago, IL 60655

$325,000
Active / MLS# 12420638 / Commercial - Retail / Chicago
0 Beds

Incredible Investment Opportunity in Prime Mount Greenwood! Here's your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There's also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you're looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.

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Baird & Warner Jan Mason Agent Cell: 312.560.3081 Email

Property Details

Property Type: Commercial - Retail
Cooling: Wall Sleeve
Lot Size: 0.14 Acres
Stories: 2.0
Taxes: $3,206
Year Built: 1919

Feature Descriptions

Electric: Other
Exterior: Wood, Frame
Fire Protection: Fire Extinguisher/s
Foundation: Brick/Mortar, Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air, Gas
Location: Central Business District
Lot Dimensions: 50 X 125
Parcel#: 24232060040000
Parking: 1-5 Spaces
Potential Use: Commercial, Multi-Family, Retail
Tenant Pays: Electricity, Heat
Units: 2

Location

See details and scored characteristics about this location.

Listing Office: @properties Christie's International Real Estate

Listing Office Phone: 708-971-0060



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