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Two-Story Mixed-Use Property
For Sale
$375,000

250 E 115th Street, Chicago, IL 60628

COMMERCIAL - Chicago, IL

Property SizeContact for details
Lot Size0.06 Acres
Days on Market133

Property Features for 250 E 115th Street

General Information

Property type Commercial Sale
Property subtype Other
Fireplace 1
Directions 115th Street E/W. Subject property is located between 114th Place and 115th Street, West of Forest Avenue.
Subdivision CHI - Roseland
Standard status Active
APN 25221210050000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2921

Utilities

Cooling system Central Air

Amenities

in-unit laundry
central air conditioning
dishwasher

Building Details

Year built 1914
Floors in Building 2
Number of units 2
Building materials Brick
Listing Agency: Kale Realty
Listed By: Keith Martin · License #475147275
Added: Apr 4 Changed: Aug 4 Last Checked: Aug 14 at 2:06PM
MLS# 12547770

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 two-story brick walk-up contains one commercial space and two apartment units. The commercial area features new hardwood flooring, exposed brick, a kitchenette, and a full bath, with a duplex-down layout leading to three additional individual suites. City-approved transferable plans and a permit are available for converting the entire first floor to commercial use; rezoning to the current use is also identified as an option. The property is offered in as-is condition.

The second floor includes a tenant-leased four-bedroom, two-bath apartment with separate living and dining rooms, an ensuite, and a walk-in closet. A second tenant-leased apartment provides one bedroom, a newly updated interior, and duplex-down family living space. Both apartments include modern cabinetry, granite counters, black stainless-steel appliance packages, dishwashers, and in-unit laundry. Each unit has a forced-air gas furnace, central air conditioning, a 40-gallon electric water heater, and 100-amp electrical service. The property is located near expressways, major roads, CTA, Metra rail service, and community services.

Key Highlights

  • Two‑story brick walk‑up with one commercial space and two apartment units
  • Commercial area includes a kitchenette, full bath, hardwood floors, exposed brick, and three additional suites
  • Tenant‑leased apartment offers four bedrooms, two baths, separate living and dining rooms, ensuite, and walk‑in closet

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.

Lease Details

2
Residential units
Yes
Highway access

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 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?
Mixed-use property - Brick walk-up combining a commercial space with two updated, tenant-leased apartments.
Where is this mixed-use property located?
The property is located at 250 E 115th Street 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: Two‑story brick walk‑up with one commercial space and two apartment units; Commercial area includes a kitchenette, full bath, hardwood floors, exposed brick, and three additional suites; Tenant‑leased apartment offers four bedrooms, two baths, separate living and dining rooms, ensuite, and walk‑in closet
More about this property
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