Garfield Park Mixed-Use Investment
1-15 N Keeler Avenue, Chicago, IL 60624
- Added:
- Mar 19, 2026
- Days on Market:
- 65
- Last Refresh:
- May 22 at 2:06 pm
Property Features for 1-15 N Keeler Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- COMMR
- Bedrooms
- 21
- Bathrooms
- 22
- Rooms
- Bathroom 7, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 9, Bathroom 20, Bedroom 1, Bedroom 19, Bedroom 3, Bedroom 8, Bedroom 21, Bedroom 10, Bathroom 14, Bedroom 2, Bathroom 3, Bathroom 18, Bedroom 18, Bathroom 10, Bedroom 20, Bathroom 11, Bedroom 17, Bathroom 6, Bedroom 15, Bathroom 21, Basement, Bathroom 2, Bathroom 13, Bathroom 19, Bathroom 12, Bedroom 16, Bathroom 9, Bathroom 15, Bathroom 17, Bedroom 6, Bedroom 13, Bathroom 22, Bedroom 12, Bathroom 8, Bedroom 14, Bedroom 7, Bathroom 1, Bedroom 11, Bathroom 5, Bathroom 16
- Basement
- Unfinished
- Standard status
- Active
- APN
- 16104240170000
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 32973
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 24
- Building materials
- Brick
Listing agent Michael Frank License #475129769 (708) 798-1111
Listing office Keller Williams Preferred Realty 16101 108th Ave, Orland Park, IL (708) 798-1111
Listing date Mar 19, 2026
MLS# 12590364
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High 12.65% Cap Rate: Turnkey, fully rehabbed mixed‑use building offers a significant return on investment.
- Prime Location: Situated on a corner lot in Garfield Park, close to transportation (CTA Green & Blue Lines, 290 Expressway), parks, and schools.
- Mixed‑Use Income Potential: Features 18 apartments (studios, one‑bedroom, and two‑bedroom units) and 6 retail spaces, including a grocery store.
- Modern Renovations: Apartments feature remodeled bathrooms and kitchens with modern appliances, plus hardwood floors.
- Recent Upgrades: Boiler and water heater replaced in 2023, plus 1200 Amp electrical service.
- Additional Income & Tax Benefits: On‑site cashless laundry, located within an opportunity zone, and AHSAP 35% reduced tax status approved (not yet applied).
Overview
This is a turnkey, previously fully rehabbed, 24-unit mixed-use building located in the Garfield Park neighborhood of Chicago. The property sits on a 50x175 foot corner lot with B3-2 zoning and has a 12.65% cap rate. The building comprises 5 studio apartments, 5 one-bedroom apartments, 8 two-bedroom apartments, and 6 retail spaces. A grocery store occupies three of the commercial units. The apartments have been remodeled with modern bathrooms and kitchens, including refrigerators, ranges, and microwave ovens. Hardwood floors are present throughout the living areas and bedrooms. The retail spaces are equipped with central air. The building has a 1200 Amp electrical service, and the boiler and water heater were replaced in 2023. On-site cashless laundry provides additional income. The property is located close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. It is five miles from the Chicago Loop. The property is located within an opportunity zone and has an AHSAP 35% reduced tax status approved but not yet applied.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.730463
- Latitude
- 41.882493
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turnkey 24-unit mixed-use building in prime location.
Where is this mixed-use property located?
The property is located at 1-15 N Keeler Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High 12.65% Cap Rate: Turnkey, fully rehabbed mixed‑use building offers a significant return on investment.; Prime Location: Situated on a corner lot in Garfield Park, close to transportation (CTA Green & Blue Lines, 290 Expressway), parks, and schools.; Mixed‑Use Income Potential: Features 18 apartments (studios, one‑bedroom, and two‑bedroom units) and 6 retail spaces, including a grocery store.
