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    11057-11059 S Homewood Ave Chicago, IL 60643

    Sponsored
    For Sale
    $400,000

    COMMERCIAL - Chicago, IL

    Type:Retail
    Lot size:
    0.17 Acres
    Days on Market:
    71
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 11057-11059 S Homewood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    25184190080000
    Lot size
    0.17 Acres

    Building Details

    Year built
    1924
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Tosha Simpson-Anderson (708) 612-1723

    Listing date Oct 27, 2025

    Copyright © 2025 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.

    Overview

    Historical Building with Redevelopment Potential

    This commercial property, originally the Morgan Park Post Office, presents an opportunity for redevelopment. The historical building has been completely gutted and features new plumbing and a new roof. The space includes vaulted ceilings, suitable for a loft or mezzanine. Aldermanic approval has been received for use as an event space. Construction drawings are available to serious buyers. Located in Chicago, Illinois, the property is situated in Alderman Matthew O'Shea's 19th Ward and has ample parking. The lot size is 0.17 acres. The property is close to the highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6690145
    Latitude
    41.6923372

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    FAQs

    What type of property is this?
    Storefront property - Unique commercial space in Chicago with aldermanic approval for event space.
    Where is this storefront property located?
    The property is located at 11057-11059 S Homewood Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Aldermanic approval for an event space.; - Completely gutted with new plumbing and new roof.; - Ample parking and close proximity to the highway.
    (708) 612-1723
    Request Owner's contact information
    11057-11059 S Homewood Ave Chicago, IL 60643
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    Chicago, IL 60643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11057-11059 S Homewood Ave Chicago, IL 60643
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