256 W 115th Street, Chicago, IL 60628

This mixed-use property includes a commercial storefront on the main level with a residential apartment above. The building suffered significant fire-related damage in January 2026, and the seller is offering the property strictly as-is. Chicago Fire Department reports indicate damage from fire, smoke, and water, with the fire originating in the living space. Insurance and inspection documentation are available to assist with evaluation. Preliminary estimates reference repairs to roofing, framing, siding, interior plaster/drywall, flooring, ceilings, and portions of the attic and living areas, reflecting the level of rehabilitation required.

The property is located along the planned Red Line Extension corridor. Buyers should plan for confirmatory due diligence on current conditions and any requirements that may affect renovation or redevelopment.

Given the scope of damage, this asset is best suited for experienced investors, developers, rehabbers, or business owners who plan to customize a live/work or income-producing property. Buyers should perform all due diligence regarding condition, zoning, permits, code compliance, and renovation feasibility, and should expect that cash or renovation financing may be required. Enter at your own risk, and showings are only with permission and appropriate precautions.