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Two-Story Mixed-Use Property
For Sale
$375,000

250 E 115th Street, Chicago, IL 60628

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market155

Property Features for 250 E 115th Street

General Information

Property type Commercial Sale
Property subtype Other
Fireplace 1
Directions 115th Street E/W. Subject property is located between 114th Place and 115th Street, West of Forest Avenue.
Subdivision CHI - Roseland
Standard status Active
APN 25221210050000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2921

Utilities

Cooling system Central Air

Amenities

kitchenette
full bath
in-unit laundry
central air conditioning
dishwasher

Building Details

Year built 1914
Floors in Building 2
Number of units 2
Building materials Brick
Listing Agency: Kale Realty
Listed By: Keith Martin · License #475147275
Added: Apr 4 Changed: Aug 19 Last Checked: Sep 5 at 12:06AM
MLS# 12547770

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.

Investment Insights

Based on property information with market context.

This two-story brick mixed-use property contains one commercial space and two apartment units. The commercial area includes hardwood flooring, exposed brick, a kitchenette, full bath, and a duplex-down layout with three additional suites. Transferable city-approved plans and permits are available for converting the first floor to commercial use, while rezoning to the current configuration is also identified as an option.

The residential component includes a newly updated four-bedroom, two-bath apartment with separate living and dining rooms, an ensuite, and walk-in closet, plus a one-bedroom apartment with duplex-down family living space. Both units feature modern cabinetry, granite countertops, black stainless steel appliances, dishwashers, and in-unit laundry. Each apartment has its own forced-air gas furnace, central air conditioning, 40-gallon electric water heater, and 100-amp electrical service. Building improvements include a new brick face, windows, doors, plumbing, electrical, fixtures, and roof. The property is being sold in as-is condition and is served by nearby expressways, CTA, and Metra rail service.

Key Highlights

  • Two‑story brick mixed‑use building with one commercial space and two apartment units
  • 0.0574‑acre lot in Chicago, IL 60628
  • Commercial area includes a kitchenette, full bath, hardwood floors, exposed brick, and three additional suites

Property Analytics

Current Use

New Life Family ... Church

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,031
Businesses Nearby

Demographics for 60628, IL

62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick building combining a finished commercial suite with two updated, tenant-leased apartments and separate residential systems.
Where is this mixed-use property located?
The property is located at 250 E 115th Street Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑story brick mixed‑use building with one commercial space and two apartment units; 0.0574‑acre lot in Chicago, IL 60628; Commercial area includes a kitchenette, full bath, hardwood floors, exposed brick, and three additional suites
More about this property
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