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Mixed-Use Building with Storefront
For Sale
$1,150,000
Pending

2350 W Grand Avenue, Chicago, IL 60612

Four renovated apartments sit above a leased storefront, with separate mechanical systems serving each apartment.

Property SizeContact for details
Days on Market13

Property Features for 2350 W Grand Avenue

General Information

Standard status Pending
Property subtype Multi Family 5+

Site & Location

Neighborhood West Town
Mixed-Use Components residential, retail

Additional Details

Multifamily Units 4
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $19,877

Amenities

hardwood floors
gas furnace with central air
attached garage
storage space
13 foot ceilings
(888) 317-3656
24 x 100

Building Details

Year Built 1951
Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices American Heritage
Listed By: Fares Suleiman
Source: Kawashgroup
Added: Oct 21 Changed: Oct 31 Last Checked: Oct 31 at 3:23AM

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 Berkshire Hathaway HomeServices American Heritage

Rey
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Investment Insights

Based on property information with market context.

This three-story, all-brick mixed-use property contains five units: four apartments and a storefront with an existing lease. The apartments have been renovated, including updated electrical and plumbing systems. Each has hardwood floors, a gas furnace, central air, and its own mechanical systems. The building dates to 1951.

An attached garage accommodates more than one car and includes substantial storage space beneath 13-foot ceilings. The property also generates advertising revenue from signage on the side of the building.

Key Highlights

  • Five‑unit, three‑story all‑brick mixed‑use property
  • Four apartments renovated with new electrical and plumbing
  • Apartments feature hardwood floors, gas furnaces, central air, and in‑unit mechanicals

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Accounting Firm Skin Care Clinic Gym & Fitness Center

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,574
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four renovated apartments sit above a leased storefront, with separate mechanical systems serving each apartment.
Where is this mixed-use property located?
The property is located at 2350 W Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five‑unit, three‑story all‑brick mixed‑use property; Four apartments renovated with new electrical and plumbing; Apartments feature hardwood floors, gas furnaces, central air, and in‑unit mechanicals
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