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Mixed-Use Building with Garage
For Sale
Under Contract
$1,049,000

2016 W Concord Place, Chicago, IL 60647

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market46

Property Features for 2016 W Concord Place

General Information

Property type Commercial Sale
Property subtype Other
Zoning MULTI
Directions Turn left onto Concord from Damen
Subdivision CHI - West Town
Standard status Active Under Contract
APN 14313320350000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 24584

Utilities

Cooling system Central Air

Building Details

Year built 1994
Floors in Building 2
Number of units 2
Building materials Block
Listing Agency: Compass
Listed By: Elias Masud · License #475163294
Added: Jul 7 Changed: Aug 20 Last Checked: Aug 21 at 9:06PM
MLS# 12656504

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 newly updated mixed-use building offers two units in a well-maintained structure. The upper-level residence is currently vacant and features a modern 3-bedroom, 2-bath layout with high ceilings and a contemporary, open feel, with room noted to build a 4th bedroom. The attached two-car garage is included with the property. The first-floor commercial space is occupied by an established hair salon.

The property is located at 2016 W Concord Place in Chicago, IL 60647, in a MULTI-zoned area.

Offered as a for-sale investment or owner-user opportunity, the building combines residential income potential with an active street-level business tenant.

Key Highlights

  • 1994‑built mixed‑use building with block construction and central air
  • Two‑unit setup with an upper‑level 3‑bedroom, 2‑bath residential unit (room to build a 4th bedroom)
  • First‑floor commercial space is currently occupied by an established hair salon

Property Analytics

Current Use

appt-only salon Hair Salon

Suggested Use

Top Pick Nursing Home Accounting Firm Butcher Clothing & Fashion Store (Bike/Boat/Book/etc) Store Fish Market

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,705
Businesses Nearby

Demographics for 60647, IL

85,631
Population
41,975
Households
2
Avg Household Size
33
Median Age
61%
College-Educated
92%
High-School Grad
4.0 sq mi
ZIP Area
21,408
Density / Sq Mi
$102,851
Median Household Income
$65,776
Median Earnings
$1,714
Median Rent
$557,300
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Well-maintained mixed-use building with an upper 3-bedroom residence and a first-floor hair salon, plus an attached two-car garage.
Where is this live-work space located?
The property is located at 2016 W Concord Place Chicago, IL.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 1994‑built mixed‑use building with block construction and central air; Two‑unit setup with an upper‑level 3‑bedroom, 2‑bath residential unit (room to build a 4th bedroom); First‑floor commercial space is currently occupied by an established hair salon
More about this property
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