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Mixed-Use Building with Apartment
For Sale
$109,000

11131 S Michigan Avenue, Chicago, IL 60628

Ground-floor commercial space is paired with a three-bedroom residential unit requiring rehabilitation.

Property Size4,000 SF
Days on Market130

Property Features for 11131 S Michigan Avenue

General Information

Standard status Active
Size 4,000 SF
Property subtype Commercial
Zoning COMMR

Taxes and HOA fees

Annual Taxes $3,277

Building Details

Building Size 4,000 SF
Year Built 1908
Stories 2
Units 2
Listing Agency: Century 21 Circle
Listed By: Mark Ahmad · License #471007186
Source: Perillorealestategroup
Added: Apr 14 Changed: Aug 21 Last Checked: Aug 21 at 7:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Circle

Investment Insights

Based on property information with market context.

Built in 1908, this mixed-use building contains approximately 4,000 square feet across a ground-floor commercial area, basement, and second-level apartment. The commercial portion measures about 2,500 square feet, while the residential unit includes three bedrooms and two bathrooms and requires work before occupancy. The ground-floor space is currently leased on a month-to-month basis.

The property is located near the Roseland and Pullman areas, a few blocks east of the Michigan Avenue and State Street corridor. Access to I-94 and I-57 is nearby, along with the Metra Electric Line’s Pullman / 111th St. station for commuter service to downtown. The National Park is also within the surrounding area.

Key Highlights

  • Approximately 4,000 Sq. ft. mixed‑use building
  • About 2,500 Sq. ft. of first‑floor commercial space
  • Second‑level 3‑bedroom, 2‑bath apartment requiring work

Property Analytics

Current Use

Fashion Gear Inc Clothing Store

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Skin Care Clinic Dental Office 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.

Location Intelligence

Trade Area within ½ mile

1,045
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 84% Dining 12% Apparel 4%
Family Dollar Shops & Services
8,624 visits/mo 0.3 miles
Dollar General Shops & Services
4,408 visits/mo 0.2 miles
Citgo Shops & Services
3,705 visits/mo 0.2 miles
QuikStop Shops & Services
2,812 visits/mo 0.4 miles
Pepe's Mexican Restaurant Dining
2,032 visits/mo 0.1 miles

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 Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a three-bedroom residential unit requiring rehabilitation.
Where is this mixed-use property located?
The property is located at 11131 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $109,000.
What are key features of this property?
This property features: Approximately 4,000 Sq. ft. mixed‑use building; About 2,500 Sq. ft. of first‑floor commercial space; Second‑level 3‑bedroom, 2‑bath apartment requiring work
More about this property
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