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Mixed-Use Building with Apartments
For Sale
$375,000

250 E 115th St, Chicago, IL 60628

Updated interiors combine a commercial suite with two tenant-leased apartments.

Property Size3,376 SF
Price / SF$111.08
Days on Market15

Property Features for 250 E 115th St

General Information

Standard status Active
Size 3,376 SF

Building Details

Year Built 1914
Listing Agency: Kale Realty
Listed By: Keith Martin · License #475147275
Source: Bktchicago
Added: Aug 15 Changed: Aug 28 Last Checked: Aug 28 at 1:04PM

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 Kale Realty

Investment Insights

Based on property information with market context.

This 3,376-square-foot mixed-use building at 250 E 115th St includes one commercial space and two apartments. The commercial area features hardwood flooring, exposed brick, a kitchenette, full bath, and a duplex layout leading to three additional suites. The upper-level residences include a four-bedroom, two-bath apartment and a one-bedroom apartment with duplex-down family living space.

Residential finishes include modern cabinetry, granite countertops, black stainless steel appliance packages, dishwashers, and in-unit laundry. Each apartment has an individual forced-air gas furnace, central air conditioning, a 40-gallon electric water heater, and 100-amp circuit breaker service. Improvements include new brick facing, windows, doors, plumbing, electrical components, fixtures, and roof. City-approved transferable plans and permits are available for first-floor commercial conversion. The property is near expressways, major roads, CTA, Metra rail service, schools, shopping, and community services.

Key Highlights

  • 3,376‑square‑foot mixed‑use building with one commercial space and two apartments
  • Commercial area includes kitchenette, full bath, exposed brick, hardwood floors, and three additional suites
  • Four‑bedroom, two‑bath apartment and one‑bedroom apartment are tenant leased

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.

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated interiors combine a commercial suite with two tenant-leased apartments.
Where is this mixed-use property located?
The property is located at 250 E 115th St 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: 3,376‑square‑foot mixed‑use building with one commercial space and two apartments; Commercial area includes kitchenette, full bath, exposed brick, hardwood floors, and three additional suites; Four‑bedroom, two‑bath apartment and one‑bedroom apartment are tenant leased
More about this property
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