Chicago Retail for Sale - South Chicago

HRE is pleased to present a rare Cook County income-producing retail property located in the City of Chicago. 2501–2517 W. 79th Street is a 10-unit neighborhood strip center positioned along an established commercial corridor within the Auburn Gresham / Ashburn trade area. The property offers investors a strong combination of in-place cash flow, long-term tenant history, immediate lease-up upside, and future redevelopment optionality. The asset is currently income-producing with a diversified tenant mix and several tenants that have operated at the property for more than 10 years. This long-term occupancy history demonstrates the property’s importance as a neighborhood-serving retail center and supports the stability of the investment. The property currently has one vacancy, creating an immediate opportunity for a new owner to increase income through lease-up. A similar unit was recently leased at $2,250 per month, supporting a projected rent of $2,200 per month for the vacant space. The current corrected annual gross rental income is approximately $134,280, with a corrected current NOI of approximately $64,937. At the $595,000 list price, the property is being offered at an estimated 10.9% current cap rate. The value-add story is especially compelling due to older lease structures, month-to-month tenants, and below-market rents. The property also benefits from a recent property tax reduction of $13,104, improving the operating expense profile and strengthening the investment return. Located along W. 79th Street with approximately 11,800 vehicles per day, the center offers strong visibility and accessibility for small-bay retail, service, office, daycare, beauty, religious, and community-oriented tenants. In addition to the current income-producing use, the site offers long-term optionality through the preliminary District 79W redevelopment concept. The concept envisions a future mixed-use community development with affordable senior housing and ground-floor retail/medical space. This gives an investor the ability to acquire a cash-flowing Chicago retail asset today while preserving the opportunity to evaluate a larger redevelopment strategy in the future. This is a rare opportunity to acquire a Chicago neighborhood retail center with current income, long-term tenancy, near-term lease-up upside, significant pro forma growth potential, and future development optionality.

Property Subtype:

Storefront

Date on Market:

2026-07-08

Chicago Multifamily for Sale - Gold Coast/Old Town

Kiser Group presents 1501 N Cleveland Ave, a 4-unit multifamily property in Chicago's Old Town neighborhood. The building offers approximately 7,000 square feet of rentable space. Unit 1 occupies the ground floor, Unit 2 spans the second floor, and Units 3F and 3R each duplex up to the fourth floor. Each unit features its own furnace and water heater, along with in-unit washer and dryer. All utilities are paid by tenants with the exception of water and trash, minimizing owner expenses. Three of the four units have access to their own private outdoor terrace. The property also includes a 5-space garage, a rare parking amenity in Old Town that provides additional income potential.

Property Subtype:

Apartment

Date on Market:

2026-07-08

Chicago Multifamily for Sale - Northwest City

Proudly owned by the same owner for over 40 years, this fully rented corner 6-unit building presents an outstanding investment opportunity. The property features exceptionally spacious one bedroom, one bath units, each with the potential to function as a two-bedroom, as the oversized dining rooms have been utilized as second bedrooms by the tenants. A full unfinished basement offers excellent potential for additional value, including the possibility of duplex-down units. The property also includes a rare 3-car brick garage. Whether you're looking to expand your portfolio or unlock future upside, this well-maintained building offers strong income with significant value-add potential. Ideally located in the highly sought-after Belmont Cragin neighborhood. Property is being sold as-is.

Property Subtype:

Apartment

Date on Market:

2026-07-07

Woodstock Land for Sale - Far Northwest

This land offering presents a valuable opportunity for developers and investors in Woodstock, Illinois. Spanning over 10 acres with potential for expansion, the site is cleared, level, and equipped with municipal water and sewer service, ensuring readiness for development. The property features 320 feet of frontage along Kimball Avenue, with additional road access via East Street and Spring Drive, providing multiple ingress and egress points. Positioned near major routes including Rt. 47 and Rt. 14, the site offers convenient connectivity to the town square and the Metra train station, supporting both commuter and local traffic flow. Potential uses include single-family residential, multi-family developments, or senior housing projects, enhanced by proximity to existing utilities and public transportation options. Nearby schools and established neighborhoods contribute to long-term demand for housing. This site delivers an excellent platform for delivering residential or mixed-use projects in a growing market with strong infrastructure and accessibility.

Property Subtype:

Commercial

Date on Market:

2026-06-30

Chicago Multifamily for Sale - Lincoln Park

Arden of Lincoln Park presents an opportunity to acquire a trophy-quality, new construction multifamily asset in one of Chicago's premier rental markets. The property is offered at a sale price of $11,490,000, equating to approximately $638,333 per unit. The asset features approximately 8–10% upside in current rental rates, providing investors with an immediate opportunity to increase revenue through lease turnover and mark-to-market rent growth. With its high-bedroom-count unit mix, proximity to DePaul University, and location within the sought-after Lincoln Park neighborhood, the property benefits from consistent rental demand. In addition to its income growth potential, the property offers a viable path to reducing property taxes through reclassification. Combined with its modern construction, amenity offering, and acquisition basis below replacement cost, Arden of Lincoln Park represents a compelling long-term investment opportunity.

Property Subtype:

Apartment

Date on Market:

2026-06-26

East Alton Multifamily for Sale - Illinois

CASH COW DUPLEX!!! 3bed/1bath units, each rents for $1100. Tons of rehab work done recently. Central heat and air. New HVAC units. Tenants pay all utilities. PROPERTY GENERATES 16%+ NET RETURN!!! Only 30min away from St Louis International Airport!! Will not last. Property management and financing is available.

Property Subtype:

Apartment

Date on Market:

2026-06-25

Chicago Industrial for Sale - South Chicago

Rare South Shore Industrial / Flex Fleet Facility 1948 E. 71st Place presents a unique opportunity to acquire a large-scale urban industrial/flex asset in the rapidly evolving South Shore neighborhood of Chicago. Originally designed as a parking garage and currently operating as an automotive and towing facility, the property offers approximately 17,846 SF of industrial/commercial space with the ability to accommodate approximately 48 vehicles including rooftop parking capacity. The property benefits from commercial/industrial zoning, two drive-in doors, 15’ clear heights, and a full-building footprint configuration rarely available within dense urban neighborhoods on Chicago’s South Side. The building’s flexible configuration makes it suitable for a variety of owner-user and investment strategies including: Fleet operations Contractor headquarters Towing and impound Vehicle storage Logistics support Municipal contractor operations Automotive repair/service Redevelopment hold Located near major transportation corridors and positioned within the broader South Shore/Jackson Park investment corridor influenced by the Obama Presidential Center and ongoing commercial revitalization efforts, the property offers both immediate utility and long-term strategic upside. GENERAL NOTES ABOUT B3-3 ZONING - Buyer to verify for their specific use. 1. Permitted Uses Commercial: Retail storefronts, restaurants, offices, larger scale businesses, and services are permitted. It allows more business types than B1 or B2 districts. Residential: Apartments and residential units are permitted as-of-right, but only above the ground floor. Note: Ground-floor residential conversion may be permissible through specific exceptions or city ADU ordinances. 2. Density & Building Size (The "-3" designation)Floor Area Ratio (FAR): The maximum FAR is 3.0. - you can build a total floor area up to three times the size of the lot. Density Allowance: The lot area requirement is generally 400 sq. ft. per standard dwelling unit, 300 sq. ft. per efficiency unit, and 200 sq. ft. per SRO unit. Building Height: Building heights can be taller to accommodate the 3.0 FAR and vary based on lot frontage and ground-floor commercial presence. 3. Site Requirements Setbacks: There are generally no front or side yard setbacks required, unless the property borders a residential (R-zoned) lot. Parking Requirements: Because B3 districts are typically destination-oriented with higher auto traffic, off-street parking is generally expected (typically ranging from 1 space per 500–1,000 sq. ft. depending on use). Parking reductions apply if the site is located near public transit (e.g., CTA or Metra

Property Subtype:

Manufacturing

Date on Market:

2026-06-24

Spring Grove Multifamily for Sale - Central Northwest

The Lake-Heim is a turnkey, income-producing waterfront compound on Grass Lake, part of the Fox Chain O'Lakes system roughly 50–60 miles northwest of Chicago. This is not just a rental property and not just a lake house — it is a rare combination of documented short-term-rental income, irreplaceable waterfront land, and multiple ways to own. Seller-provided Airbnb statements show approximately $60,423 in 2025 gross income, up roughly 25% year over year, across only about 393 booked nights (~36% occupancy) — leaving a clear, quantifiable runway. Three fully furnished units (two hold Airbnb "Guest Favorite" status) sleep up to 12 and operate independently under the established "The Lake-Heim" brand. The property sits on approximately 1.1 acres with about 131 feet of private walk-in sand-beach frontage — uncommon on the Chain — plus a private pier, covered gazebo, paver firepit patio, sand volleyball court, RV/boat storage, and canoe/kayak access. There are four full baths on the property; a bonus room (former laundry with its own full bath) takes it to up to 5 BR / 4 BA, and a former legal, conforming 4th-cottage site offers rebuild potential (subject to buyer verification and municipal approval). A buyer can continue and optimize the STR operation, owner-occupy one unit and rent the others, hold it as a multi-generational family compound, or pursue expansion or a 1031 exchange. The asset is best evaluated on gross-revenue-multiple (~12.4×) and price-per-frontage-foot (~$5,724); an illustrative value-add path toward ~55% occupancy projects ~$45,892 NOI (~6.1% cap) at the asking price. Full offering memorandum available to qualified buyers. All information seller-provided and deemed reliable but not guaranteed; buyer to verify. Full Offering Package: https://jasoncre.com/the-lake-heim/ Short-term rental, Airbnb, vacation rental, waterfront, lakefront, Grass Lake, Chain O'Lakes, Fox Lake, Spring Grove, Lake County, multifamily, cottage compound, turnkey, income-producing, value-add, owner-user, sand beach, private pier, boat access, fishing, redevelopment, 1031 exchange, hospitality, lodging, mixed-use lifestyle. Chain O'Lakes waterfront for sale, Grass Lake Illinois lakefront property, short-term rental investment Illinois, Airbnb business for sale Illinois, turnkey vacation rental, STR investment property, lakefront cottage compound, multifamily waterfront, owner-user lakefront, sand beach property, private pier, boat dock, Lake County commercial real estate, Spring Grove IL investment property, Fox Lake area rental, lake house investment, cash-flowing Airbnb, vacation rental portfolio, 1031 exchange lakefront, family lake compound, income-producing waterfront, Chain O'Lakes investment, fishing lake property, redevelopment opportunity Illinois. https://jasoncre.com/the-lake-heim/

Property Subtype:

Apartment

Date on Market:

2026-06-23

Yorkville Land for Sale - Western East/West Corr

THE "COMMUNITY FIRST" INITIATIVE: This commercial land sale isn't just about real estate; it's a direct investment in the people who keep our community safe and thriving. The seller has pledged to donate 5% of the net sales proceeds directly to the organizations that serve our residents every day. Upon closing, the 5% donation will be distributed equally among: YORKVILLE POLICE DEPARTMENT, KENDALL COUNTY SHERIFF'S OFFICE, BRISTOL KENDALL FIRE DEPARTMENT, YORKVILLE SCHOOL DISTRICT 115, By purchasing and developing this land, you are not only securing a prime commercial asset, but you are also partnering in a historic give-back to our local students, educators, and first responders. Build the Future of Our Community, A Rare Opportunity for High-Impact, Tax-Generating Development in Kendall County.

Property Subtype:

Agricultural

Date on Market:

2026-06-22

Charleston Office for Sale

This premier, well-maintained two-story commercial building offers an exceptional investment opportunity in the heart of downtown Charleston. Spanning two expansive levels, the property features a highly functional main floor equipped with nine individual offices, a welcoming reception area, a dedicated file room, an employee kitchen, two restrooms, a large meeting room, and its original historic bank vault. The sun-drenched upper level boasts twelve additional offices and a spacious central boardroom, all framed by large windows that offer picturesque, unobstructed views of the historic courthouse square. Retaining its grand architectural heritage as a former bank, the building hides a magnificent 12-foot tray ceiling above the current suspended tiles, just waiting to be restored to its original glory. Practical amenities include a partial basement that serves as a storm shelter and utility hub, alongside a highly coveted, 10-space private parking lot located at the opposite end of the block. Whether you choose to maintain it as a multi-suite executive office, convert the upstairs into a premium Airbnb, or remove the lower-level partitions to create a massive retail showroom or antique mall, this versatile property is priced to sell and ready for your vision.

Date on Market:

2026-06-15

Grayslake Land for Sale - Far North

* Rare 17+ acre infill opportunity in Gages Lake, Lake County * Mixed-use zoning already in place: GC commercial and R4 residential * Strong potential for residential development, commercial use, institutional campus, hobby farm, equestrian property, private compound, or luxury estate * North Woods-style setting with mature trees, wooded trails, stocked pond, and sandy beach * Includes two single-family homes and one duplex producing rental income * Existing income stream allows buyer to hold property while planning future development * Flexible layout: business/frontage use near Gages Lake Road, private estate or development toward rear * Located next to a school and the established Wooded Glen subdivision * Rare combination of acreage, natural beauty, income, zoning flexibility, and suburban location * 17+ acre parcel offered at $3,300,000 * Optional additional .83-acre parcel with 2,700+ sq. ft. home available * Full 18-acre package offered at $3,950,000 * Confirmed showings required to view property

Property Subtype:

Commercial

Date on Market:

2026-06-07

Chicago Multifamily for Sale - South Chicago

Property Subtype:

Apartment

Date on Market:

2026-06-04

Elgin Land for Sale - Western East/West Corr

Prime Location: A Main & Main (A+) location in a high growth area located in an undersupplied market in Elgin, Illinois. Nearby Self Storage: Four of the competitors are over 20+ years old and located in inferior locations. Storage Facilities in the 3-mile radius: 6 Visibility/Traffic counts: The project is highly visible fronting US Highway-20 and Randall Road. Traffic counts are greater than 30,000 per day and there is ample unmet self-storage demand.

Property Subtype:

Commercial

Date on Market:

2026-05-26

Chicago Multifamily for Sale - Northwest City

OWNER-OCCUPIED BUYERS ONLY! QUALIFIES FOR 20,000 GRANT FROM THE COUNTY. ANOTHER PROJECT BY AN AWARD WINNING DEVELOPER - GT ALTERNATIVES LLC. This gorgeous 2 unit was completed June, 2026 and features 4 bedrooms and 2 bathrooms in the duplex down first floor unit with white shaker designer kitchen cabinets, a large peninsula, quartz counters, stainless steel appliances and engineered floors throughout. The second floor unit has 2 bedrooms and 1 bath. There is a brand new 2-car garage, 2-story back porch, and much more. Great investment opportunity. This one has STEEL STEPS AND STEEL RAILING! Pictures are taken from another property of the same developer.

Property Subtype:

Apartment

Date on Market:

2026-05-23

Wheeling Office for Sale - Central North

Positioned along heavily traveled Dundee Road, this property offers exceptional visibility within one of the North Shore’s established commercial corridors. The location provides convenient access to I-294, Route 53, and Milwaukee Avenue, allowing for easy regional connectivity throughout the greater Chicagoland area. Situated less than one mile from the Metra Wheeling station, the property is easily accessible for both employees and visitors. Surrounded by a dense residential population, the area supports a strong mix of local and regional businesses, including retail, medical, and professional office users. Nearby Wheeling Town Center offers an array of dining, shopping, and entertainment amenities, further enhancing the appeal of the location. Ongoing redevelopment activity throughout the corridor continues to drive investment and long-term growth in the surrounding market.

Property Subtype:

Medical

Date on Market:

2026-05-20

Albion Retail for Sale

Great investment opportunity in the heart of downtown Albion! This mixed-use property features a beautifully maintained restaurant space on the main level and a stylish upper-level Airbnb/apartment offering 2-3 bedrooms and 1 full bath. Both levels have been nicely updated and are move-in ready. The restaurant includes seating, equipment, 2 half baths, vinyl plank flooring installed in 2023, and a tankless water heater added in 2025. Upstairs features a comfortable and inviting living space with new washer and dryer included. Separate meters provide added flexibility for owners and tenants. Major updates include roof replacement in 2021, downstairs AC in 2025, and replacement windows. Excellent Main Street location directly across from the town square with convenient on-street parking and strong visibility for business traffic. Great opportunity for an owner/operator, investor, or someone looking for a live/work setup.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-05-20

Danville Multifamily for Sale

Great Mini Package!! Duplex and house on one parcel, and duplex on another. Total of 5 units. 4 x 2bed/1bath units and 1 x 1bed/1bath unit. Tons of potential. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!! OVER 60K IN VALUE ADD!!! Units are rent ready. One of 2bed units just rented for $750/month. Steal this property for cheap before all units are occupied. Property management and financing is available.

Property Subtype:

Apartment

Date on Market:

2026-05-20

Montgomery Land for Sale - Western East/West Corr

Prime investment opportunity at an extremely low price! High potential for various residential development options and ideal for commercial development. Great buy-and-hold value.

Property Subtype:

Commercial

Date on Market:

2026-05-13

Chicago Multifamily for Sale - South Chicago

This beautifully maintained and updated corner building consists of six apartments and two retail spaces. The retail units have recently been leased to a spa on a new 5 Year Lease with options. Five of the six apartments have been updated, including an expansive duplex loft ideal as an owner’s unit, featuring large windows, a high-end kitchen with Viking appliances, and a spa-like bathroom with a Jacuzzi tub and sauna. Abundant natural light enhances each unit, showcasing the property’s quality finishes and inviting atmosphere. All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch. Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.

Property Subtype:

Apartment

Date on Market:

2026-05-12

Plainfield Land for Sale - Joliet/Central Will

5.93± AC site fully approved and ready for permits for an 84-unit senior housing project. This single-story wood frame construction will cater to independent, assisted, and memory care living. All utilities are accessible, and substantial water retention from the nearby residential subdivision is already established. The property is zoned R-7 (Village of Romeoville) and is conveniently located less than half a mile east of the proposed future I-55 interchange at Airport Road. For further information about the proposed interchange please visit: https://idot.illinois.gov/programs-and-projects/featured-projects/i-55--at-airport-lockport-road--improvement-study.html

Property Subtype:

Residential

Date on Market:

2026-05-08

Chicago Multifamily for Sale - Northwest City

Kiser Group is pleased to exclusively offer for purchase the sale of 1326 W. Ohio St, a three (3) unit walkup building located in Chicago’s highly desirable West Town neighborhood. The subject property is ideally positioned in close proximity to the vibrant dining, retail, and nightlife corridors along Chicago Avenue and Grand Avenue, providing tenants with exceptional walkable amenities. Additionally, the property offers convenient access to public transportation allowing for quick and efficient travel to downtown Chicago and surrounding neighborhoods. 1326 W. Ohio St has a unit mix consisting of one (1) 4Bd/2.5Ba, one (1) 2Bd/1.5Ba, and one (1) 2Bd/1Ba units. The interior units are incredibly spacious, and each has been updated to meet modern renter expectations. Each unit features updated kitchens and baths along with modern appliances. Additional improvements include updated mechanicals, in-unit laundry, and individual furnaces. 1326 W. Ohio St presents investors with the opportunity to acquire a well-located asset in one of Chicago’s most sought-after rental markets. With strong in-place fundamentals and continued neighborhood growth, a buyer is well-positioned to benefit from both stable cash flow and long-term appreciation potential.

Property Subtype:

Apartment

Date on Market:

2026-05-07

Freeport Portfolio of properties for Sale

This is a rare opportunity to acquire a well-maintained 24-property rental portfolio located in the affordable and investor-friendly market of Freeport, Illinois. The portfolio consists of 18 single-family homes and 3 duplexes (totaling 24 units), offering a balanced mix of stable residential income streams. The properties are described as very well maintained, with many benefiting from ongoing updates, professional management, and solid tenant occupancy—making this an ideal turnkey or near-turnkey investment. Several of the duplex assets—similar to other listings in the area—are often part of larger bundled portfolios and can be sold individually or collectively, providing flexibility for both small and large investors . Investment Highlights 24 total units: 18 single-family homes + 3 duplexes Diversified asset mix reduces vacancy risk Strong in-place cash flow with existing tenants (typical for portfolios in this market) Well-maintained condition minimizes immediate capex Scalable acquisition – owner willing to divide portfolio Market Advantage – Freeport, IL Freeport is known for its low entry price point, with many properties trading near or even below $100K, especially for multifamily and rental units

Property Subtype:

Multi Family

Date on Market:

2026-05-04

Chicago Multifamily for Sale - Northwest City

Brand New Construction in a booming block of Humboldt Park, surrounded by other new construction developments. Downstairs 2 bed/ 2 bath has a lease for $1,900. Upstairs open floorplan 3 bed/3 bath duplex unit with an awesome Primary Bedroom and huge en suite Bath. Comes with a $20,000 garnt from Chixago Land Bank.

Property Subtype:

Apartment

Date on Market:

2026-04-27

Chicago Portfolio of properties for Sale - Gold Coast/Old Town

Portfolio investment comprised of 5 Super Host Airbnb units and 2 Commercial Condos. 7.6% Cap Rate. ($247,503 Net Income) Perfect for long term investor or 1031 Exchange. Positioned at the intersection of the Gold Coast and Old Town - two of Chicago's most coveted submarkets, this offering at 163 Division Street represents a rare opportunity to acquire a scaled, mixed-use asset in the heart of these neighborhoods. The portfolio consists of five fully furnished residential condominium units and two street-level commercial spaces, collectively comprising significant ownership percentage of the condominium association-providing meaningful influence over governance and long-term asset strategy. With limited remaining development parcels in the immediate vicinity, the property offers both durable in-place income and compelling embedded land value. The commercial component, totaling approximately 1,560 square feet, is a busy Asian wok-dish sit-in and take out restaurant. The residential units-comprising a mix of one- and two-bedroom layouts. This dual-income stream provides diversification across tenant profiles and revenue sources.

Property Subtype:

Multi Family

Date on Market:

2026-04-24