1948 E 71st Pl

Chicago, IL 60649

• Investment Property
• Industrial for Sale
• $1,845,870 CAD
• 17,876 SF

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

Contact:

Century 21 IMPACT

Property Subtype:

Manufacturing

Date on Market:

2026-06-24

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The Lake-Heim — Turnkey 3-Unit Waterfront STR - 27717 W Grass Lake Dr

Spring Grove, IL 60081

• Investment Property
• Multifamily for Sale
• $1,064,783 CAD
• 2,760 SF

• Air Conditioning
• Dock
• Private Bathroom
• 24 Hour Access
• Kitchen
• Smoke Detector

Spring Grove Multifamily for Sale

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/

Contact:

RE/MAX Commercial

Property Subtype:

Apartment

Date on Market:

2026-06-23

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Exceptional Value-Add Multifamily Opportunity - 4431-4433 N Racine Ave

Chicago, IL 60640

• Investment Property
• Multifamily for Sale
• $3,169,217 CAD
• 8,490 SF

• Security System
• Sprinkler System
• 24 Hour Access
• Kitchen

Chicago Multifamily for Sale - Northwest City

Rare opportunity to acquire a fully renovated, income-producing multifamily property in Chicago's highly desirable Uptown neighborhood. This well-maintained asset consists of 6 spacious apartments and 5 on-site parking spaces, with a significant value-add component through city-approved plans for 2 additional ADU units in the basement. The property has undergone extensive capital improvements, including a complete upgrade of the heating and cooling systems to modern HVAC throughout all units in late 2025. Interiors feature ultra-modern kitchens with stainless steel appliances, beautifully renovated bathrooms, abundant natural light, and contemporary finishes designed to attract and retain quality tenants. Current rents exceed $2,600 per unit, providing strong in-place income with additional upside through continued rent optimization and the future ADU expansion. Ownership has already secured city approvals, permits, and architectural/MEP plans for the basement conversion, allowing a new owner to immediately pursue development of the additional units. Ideally located just minutes from the Wilson Red Line station, the property offers convenient access to downtown Chicago while benefiting from Uptown's vibrant dining, entertainment, and retail scene. Nearby attractions include Truman College, local cafes, restaurants, and neighborhood amenities that continue to drive strong rental demand. This offering presents a compelling combination of stabilized income, recent capital improvements, and immediate expansion potential in one of Chicago's most dynamic rental submarkets.

Contact:

Uniconte LLC

Property Subtype:

Apartment

Date on Market:

2026-06-22

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Downers Grove Duplex - 548 Prairie Ave

Downers Grove, IL 60515

• Investment Property
• Multifamily for Sale
• $851,940 CAD
• 1,949 SF

• Air Conditioning

Downers Grove Multifamily for Sale

2 Unit Duplex in Downers Grove. Located in Prime Lester School District Just down the street from St Mary's/. 1 Unit is 1129sf with 3 Bedroom rents for 2800/m. The other is 886sf with 2 Bedroom rents for 2250/m

Contact:

Platinum Partners Realtors

Property Subtype:

Apartment

Date on Market:

2026-06-19

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2439 N Seminary Avenue - 2439 N Seminary Ave

Chicago, IL 60614

• Investment Property
• Multifamily for Sale
• $1,987,860 CAD
• 3,800 SF

• Air Conditioning

Chicago Multifamily for Sale

33 Realty is pleased to present for lease 2439 N Seminary, a 3-unit apartment investment opportunity located in the Lincoln Park / DePaul University neighborhoods of Chicago. Constructed in 1910 and zoned RT-4, the property presents a rare opportunity to acquire a masonry apartment building in a premier rental location. The property features three units: - 4 bed / 2 bath 1st floor duplex down - 2 bed / 1 bath 2nd floor simplex - 2 bed / 1 bath 3rd floor simplex. All three units are currently lease-occupied by mid to long-term residents on month-to-month (unit 3) or 7/31/26 lease expirations (units 1 and 2) allowing a future operator flexibility to reposition. Each apartment has gas-forced heat, central air, individual hot water tanks, hardwood floors, separate living and dining areas, classic Chicago fireplaces, millwork, and built-in hutches, pantries, dishwashers, and rear porches. There is a large common backyard, common laundry, and rear pad parking. Please contact broker for full financial and property information.

Contact:

33 Realty

Property Subtype:

Apartment

Date on Market:

2026-06-17

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Compound - 18238 W Gages Lake Rd

Grayslake, IL 60030

• Investment Property
• Land for Sale
• $4,685,670 CAD
• 17 AC Lot

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

Contact:

Coldwell Banker Residential Brokerage

Property Subtype:

Commercial

Date on Market:

2026-06-07

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2401 Weld Rd

Elgin, IL 60124

• Investment Property
• Land for Sale
• $1,561,890 CAD
• 3.60 AC Lot

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.

Contact:

Colliers

Property Subtype:

Commercial

Date on Market:

2026-05-26

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Humbolt Park New Construction 2-Unit - 851 Springfield ave

Chicago, IL 60651

• Investment Property
• Multifamily for Sale
• $880,338 CAD
• 3,600 SF

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 is expected to be completed in July, 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.

Contact:

Fulton Grace Realty

Property Subtype:

Apartment

Date on Market:

2026-05-23

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