East Garfield Park Mixed-Use
For Sale
$139,000
557 N Hamlin Avenue, Chicago, IL 60624
Mixed-use building with storefronts and apartments in need of rehab.
Days on Market427
Property Features for 557 N Hamlin Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$1,880
Building Details
Year Built
1891
Listing Agency:
REAL BROKER, LLC
(630) 439-6385
Listed By:
LANDON KELLY · License #475199429
Source:
Corcoran
Added: Jun 1, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This mixed-use building in East Garfield Park presents a value-add opportunity. The property features two ground-level storefronts, formerly used as a grocery store and a convenience store. Additionally, there are two residential apartments located above the commercial spaces. The building requires rehabilitation, making it suitable for investors or owner-occupants seeking customization and equity growth. The property benefits from visibility on Hamlin Ave and proximity to major thoroughfares and public transit. The property is sold as-is.
Key Highlights
- Mixed‑use building with two storefronts and two apartments offers diverse income potential.
- Value‑add opportunity for investors or owner‑occupants to customize and build equity through rehab.
- High‑visibility location on Hamlin Ave.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 60624, IL
37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with storefronts and apartments in need of rehab.
Where is this mixed-use property located?
The property is located at 557 N Hamlin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Mixed‑use building with two storefronts and two apartments offers diverse income potential.; Value‑add opportunity for investors or owner‑occupants to customize and build equity through rehab.; High‑visibility location on Hamlin Ave.
