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Mixed-Use Building with Planned Apartments
New
For Sale
$580,000

816 S California Avenue, Chicago, IL 60612

B3-2 zoning is identified for apartment, restaurant, retail, office, or medical use.

Property Size6,400 SF
Days on Market4

Property Features for 816 S California Avenue

General Information

Standard status Active
Size 6,400 SF
Total Parking Spaces 2
Property subtype Commercial
Zoning B3-2

Taxes and HOA fees

Annual Taxes $4,437

Building Details

Building Size 6,400 SF
Year Built 1893
Year Renovated 2024
Buildings 1
Stories 3
Units 5
Listing Agency: World One Realty
Listed By: Renata Gomes Carneiro · License #471013063
Source: Perillorealestategroup
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 10 at 10:42AM

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 World One Realty

Investment Insights

Based on property information with market context.

Built in 1893, this Chicago mixed-use building was gutted in 2024 and rebuilt with new windows, I-beams, joists, sub-flooring, an iron fence, and a gated entry. Architectural plans call for two 2-bed/2-bath apartments, two 1-bed/1-bath apartments, and a 1,600-square-foot commercial area. The property also includes a full basement for storage and a two-car garage.

The B3-2 zoning designation is associated with a range of planned residential and commercial uses, including apartments, restaurant, retail, office, and medical space. The property is located at 816 S California Avenue in Chicago, Illinois, with the address identified as 60612.

Key Highlights

  • B3‑2 zoning identified for apartment, restaurant, retail, office, or medical use
  • Gutted in 2024 with new windows, I‑beams, joists, and sub‑flooring
  • Plans include two 2‑bed/2‑bath and two 1‑bed/1‑bath apartments

Property Analytics

Current Use

Ms.Hart Management's Apartment Complex

Suggested Use

Top Pick Accounting Firm Home Appliance Store Nursing Home Pet Grooming Service HVAC Service Carpet & Flooring Store

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

1,024
Businesses Nearby

Demographics for 60612, IL

34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B3-2 zoning is identified for apartment, restaurant, retail, office, or medical use.
Where is this mixed-use property located?
The property is located at 816 S California Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: B3‑2 zoning identified for apartment, restaurant, retail, office, or medical use; Gutted in 2024 with new windows, I‑beams, joists, and sub‑flooring; Plans include two 2‑bed/2‑bath and two 1‑bed/1‑bath apartments
More about this property
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