Chicago, IL 60655 3251 W 111TH Street

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Presented By: @properties Christie's International Real Estate
  • MLS# 12420638
  • 07/23/2025
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Home Details

Incredible Investment Opportunity in Prime Mount Greenwood! Here's your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There's also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you're looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.
Presented By: @properties Christie's International Real Estate

General for 3251 W 111TH Street

Additional Parcels Y/NYes
CityChicago
Construction MaterialsWood, Frame
CoolingWall Sleeve
CountyCook
DirectionsWEST OF WESTERN AVENUE; EAST OF PULASKI AVENUE; NORTH OF 119TH; SOUTH OF 95TH; GO WEST ON 111TH ST.
ElectricOther
Electric Expense
Fuel Expense
Gross Income1975
Insurance Expense
Lease TypeGross
Lot Size Square Feet6313
MLS AreaCHI - Mount Greenwood
Net Operating Income21030
Number Of Units Total2
Operating Expense0
Possible UseCommercial, Condominium, Multi-Family, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount3206
Tax Year2023
Tenant PaysElectricity, Heat
Total Actual Rent1975
TownshipLake
Trash Expense0
Water Sewer Expense0
Year Built1919
ZoningCOMMR

Exterior for 3251 W 111TH Street

Foundation DetailsBrick/Mortar, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions50 X 125

Additional Details

Price History

Client Care

Price $325,000
MLS#12420638
List Date 07/23/2025
Property Type Commercial
Phone 847.485.2500
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