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.
Property SizeContact for details
Days on Market520
Property Features for 557 N Hamlin Avenue
General Information
Standard status
Active
Site & Location
Neighborhood
East Garfield Park
Taxes and HOA fees
Annual Taxes
$1,880
Building Details
Year Built
1891
Listing Agency:
REAL BROKER, LLC
Listed By:
LANDON KELLY · License #475199429
(630) 439-6385
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
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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.
