Back to Search

Garfield Park Mixed-Use Investment Property

1-15 N Keeler Avenue, Chicago, IL 60624

View on Map

For Sale

$1,800,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.20 Acres

HighLights

24‑unit mixed‑use building with a reported 12.65% cap rate on a 50x175 corner lot
B3‑2 zoned property built in 1901 (brick) with 5 studios, 5 one‑bedrooms, 8 two‑bedrooms, and 6 retail spaces
Retail spaces have central air; apartments feature remodeled bathrooms and kitchens with refrigerators, ranges, and microwave ovens
Hardwood floors throughout living areas and bedrooms
1200 Amp electrical service; boiler and water heater replaced in 2023
Cashless laundry on site provides additional income; located within an opportunity zone and has AHSAP 35% reduced tax status approved (not yet applied)

We can help!

Contact an agent

Michael Frank

For Sale

$1,800,000

MULTI_FAMILY - Chicago, IL

Lot size:

0.20 Acres

Added:: Mar 19, 2026
Days on Market:: 111
Last Refresh:: Jul 7 at 8:06 am

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 9, Bathroom 13, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 22, Bathroom 12, Bedroom 12, Bathroom 15, Bedroom 4, Bedroom 16, Bedroom 19, Bathroom 2, Bedroom 14, Bathroom 20, Bedroom 21, Bathroom 7, Bathroom 17, Bedroom 18, Bedroom 20, Bathroom 6, Bathroom 8, Bathroom 5, Bedroom 15, Bedroom 1, Bathroom 10, Bedroom 8, Bathroom 18, Bathroom 16, Bathroom 19, Bathroom 11, Bathroom 21, Bathroom 1, Bedroom 11, Bedroom 13, Bedroom 7, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 9, Bedroom 17, Basement, Bathroom 14, Bedroom 6
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

We can help!

Contact an agent

Michael Frank

Listing agent Michael Frank License #475129769

Listing office Keller Williams Preferred Realty 16101 108th Ave, Orland Park, IL

Listing date Mar 19, 2026

MLS# 12590364 Listing URL

HighLights

24‑unit mixed‑use building with a reported 12.65% cap rate on a 50x175 corner lot
B3‑2 zoned property built in 1901 (brick) with 5 studios, 5 one‑bedrooms, 8 two‑bedrooms, and 6 retail spaces
Retail spaces have central air; apartments feature remodeled bathrooms and kitchens with refrigerators, ranges, and microwave ovens
Hardwood floors throughout living areas and bedrooms
1200 Amp electrical service; boiler and water heater replaced in 2023
Cashless laundry on site provides additional income; located within an opportunity zone and has 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

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.730463
Latitude: 41.882493

Nearby Similar for Sale

$1,300,000

6,400 SF

Renovated Chicago Industrial Flex Warehouse

6,400 SF renovated industrial flex warehouse in Chicago for sale.

3146 W Chicago Avenue, Chicago, IL 60622

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and uncommitted VGT potential.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with PPA License

Fully renovated restaurant with licenses and VGT potential in Chicago.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$949,000

4,055 SF

Turnkey Restaurant Venue with Licenses

Fully renovated restaurant with licenses and residential unit for sale.

7455 W Irving Park Road, Chicago, IL 60634

View Details
$649,000

2,176 SF

Turnkey Restaurant Opportunity in Chicago

Below-market lease in East Lakeview, fully equipped restaurant with assets.

420 W Belmont Avenue, Chicago, IL 60657

View Details
$759,000

5,000 SF

Prime Retail Space in Chicago

Commercial property in a high-traffic retail district.

4411 N Kedzie Avenue, Chicago, IL 60625

View Details
$1,295,000

9,744 SF

Chicago Office Building with Parking

Two-story office building in Chicago's Clearing neighborhood.

6350 W 63rd Street, Chicago, IL 60638

View Details
$1,700,000

Convenience Store Retail Building with Parking

Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

5132 S Racine Avenue, Chicago, IL 60609

View Details
$459,000

3,000 SF

Chicago Commercial Buildings For Sale

Three commercial buildings in a busy Chicago neighborhood retail location.

1753-1759 W 79th Street, Chicago, IL 60620

View Details
$625,000

4,593 SF

Fulton River District Commercial Loft

Classic timber loft in Fulton River District, Chicago.

566 W Lake Street, Chicago, IL 60661

View Details
$549,900

2,806 SF

Wicker Park Corner Retail Building

2,806 SF retail building in prime Wicker Park location.

2357 W North Avenue, Chicago, IL 60647

View Details
$749,000

Corner Retail Suite in New Elevator Building

New construction corner space in an 18-unit elevator building with optional street parking acquisition.

1445 W Chicago Avenue, Chicago, IL 60642

View Details

For sale
Mixed-use properties
IL
Chicago
60624
1-15 N Keeler Avenue

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: 24‑unit mixed‑use building with a reported 12.65% cap rate on a 50x175 corner lot; B3‑2 zoned property built in 1901 (brick) with 5 studios, 5 one‑bedrooms, 8 two‑bedrooms, and 6 retail spaces; Retail spaces have central air; apartments feature remodeled bathrooms and kitchens with refrigerators, ranges, and microwave ovens

1-15 N Keeler Avenue, Chicago, IL 60624

MULTI_FAMILY - Chicago, IL

Property Features for 1-15 N Keeler Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

Corner Retail Suite in New Elevator Building

FAQs