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

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

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

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

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