The median home value in Chicago, IL is $312,000.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Chicago, IL is $312,000.
Approximately 40% of Chicago homes are owned,
compared to 48% rented, while
12% are vacant.
Chicago real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
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Don't miss this opportunity! Extra long 25x154 lot for residential and/or commercial development. Vacant, nothing to demo, C1-2 zoning, everything 2 blocks east is new construction. New construction next door to this lot. Close to 290, UIC, Rush Medical Center, Taylor, Greektown.
LARGE CORNER LAND PARCEL OF 6 CITY LOTS. USE AS EXISTING OR CONVERT (TEAR-DOWN). 2 BRICK BUILDINGS :BUILDING-A (2-LEVEL CHURCH W SPACE FOR ABOUT 180 ATTENDEES,WITH 2 OFFICES, KITCHEN AND 3 BATHROOMS), IS CONNECTED TO BUILDING-B (3-LEVEL SCHOOL WITH BANQUET HALL, 7 BATHROOMS, 4 BRS & KITCHEN AND 2.5 BATHS ON SECOND FLOOR), BUILDINGS APPROX. 12,000 SQ - PLENTY OF PARKING, CURRENTLY 21 PARKING SPOTS BUT SPACE FOR MORE. LOT SIZE 19,228 ASF. PROPERTY NEEDS UPDATING OR PERFECT DEVELOPMENT OPPORTUNITY. CURRENT ZONING RS-2. MINUTES FROM SHABBONAH PARK WHICH OFFERS INDOOR POOL. LOCATED BETWEEN BELMONT/CENTRAL, SCHORSCH VILLAGE AND PORTAGE PARK. SOLD ASIS.
Exceptional Investment or Development Opportunity in Prime Lincoln Park! Situated on a premium block in the heart of Lincoln Park, this rare offering presents endless potential for investors or buyers eager to build their dream home. The property currently features two frame structures: a front building with two tenant-occupied units (vacant by 7/31/2025, with notices served) and a vacant rear building with two additional units. Please Note: The property is being sold AS IS for land value. Existing structures are suitable for teardown or full gut renovation. All contents of both buildings will convey, except for items belonging to current front-building tenants. Currently zoned RS-3, the property abuts RT-4 zoning, offering a potential opportunity for upzoning. Buyers are encouraged to conduct their own due diligence regarding zoning and development possibilities. Drive-by viewings only - no interior access will be granted prior to an accepted offer and buyer qualification. Absolutely no exceptions. Please do not disturb tenants. Don't miss this incredible opportunity to create something extraordinary in one of Chicago's most sought-after neighborhoods.
Unique opportunity to build seven units, featuring one commercial space and six residential units, in the up-and-coming Marshall Square neighborhood. The property currently includes a three-unit building located at the rear of the lot, with approved plans in place to add four additional units at the front. Close to public transportation, the Pink Line, Saint Anthony Hospital, Mount Sinai Hospital, and Douglas Park, all within a half-mile radius. Take advantage of this ready-to-go project in a rapidly developing area! Plans and permits are available upon request.
Unlock immediate development potential in the highly sought-after Pilsen neighborhood! This exceptional 110' x 25' lot boasts a prime location with unparalleled access to Pilsen's vibrant attractions, including convenient transportation, diverse dining, thriving art galleries, and rich culture. Already up-zoned to RM 4.5, this shovel-ready site comes with approved designs and permits for a lucrative 3-unit apartment/condo building, recently appraised at $1.2 million. Imagine breaking ground immediately and capitalizing on this prime Chicago location. Even better, explore the opportunity to develop 4 units, maximizing your investment potentially. Seller financing is available to further facilitate your success, making this an unmissable chance to establish a significant residential presence in one of Chicago's most dynamic communities. Don't miss out on this rare Pilsen development gem!
Kinzie Corridor vacant lot for sale. TIF Zone. 4,000 SF with great frontage along Lake Street. Just steps from California Green Line station! Adjacent lot at 2735 Lake Street (2,265 SF) is also available for sale. M1-2 Zoning. Enjoy easy access to I-290 and a quick 15 minute drive to downtown Chicago. Close proximity to Metra as well. Surrounding businesses include Bijora Inc., Green Line Convenience Store, Mighty Cake Company, Johnny's Ice House, Al's Under the L, Pete's Fresh Market, McDonald's, Popeyes, and Wendy's.
Kinzie Industrial Corridor - prime landsite for sale with frontage on Lake Street. 2,265 SF vacant lot. There is also a 4,000 SF vacant lot adjacent available for sale as well. This location is just east of the California Green Line "El" stop. It is close proximity to Metra Stations as well - MD-N, MD-W, NCS. Quick access to I-290, just 5 minutes south of location. Great access to downtown Chicago - 15 minutes away. 5 minutes west of United Center, and 5 minutes east of Garfield Park Conservatory.
Incredible Development Opportunity! Two adjacent vacant lots near Douglas Park! Don't miss this unique opportunity to acquire two contiguous vacant lots located at 1532 & 1534 S. Kedzie Ave, Chicago, IL 60623 (PINs: 16232290300000 & 16232290310000). These side-by-side parcels are being sold together at 65K each! Each lot is 25 X 125. The lots are ideal for new construction in a rapidly developing West Side neighborhood. These lots are located just steps from Douglas Park with easy access to the CTA Pink Line, I-290, downtown Chicago and within close proximity to Chicago's renowned Medical District. The investment potential is endless. The area is experiencing active revitalization, with new developments, renovated homes, and infrastructure improvements throughout the community. Buyer to verify zoning, land use, and utility access.
Corporately held Tavern & Retail Food licenses with real estate operating for 4 decades with the same ownership. The Alderman's office has agreed to go through a vetting process with a potential buyer regarding lifting the moratorium to allow for the grandfathering of the licenses though the purchase of the business' corporate stock. 44 feet of frontage on Addison & 125 feet deep; the building is adjacent to the CTA Brown Line Addison stop which had 373,330 commuters in 2024. CTA Addison Bus #152 had 2,135,761 commuters in 2024 going to and from Wrigley Field. The 2024 daily traffic count on Addison had 15,200 vehicles and 10,300 vehicles on Lincoln Ave. Interior ceiling height is 12 feet; the bar is 39 feet long. The Cork Lounge is on the east side of the building; the restaurant on the west side is on a month-to-month lease with the Cork Lounge's owner. The real estate is to be sold AS-IS. Proof of funds is required prior to scheduling a showing. Do not disturb the business and its employees.
Attention Investors, first-time homebuyers, or savvy business owners----don't miss out on this incredible opportunity to build in the West Englewood neighborhood! This 25 x 125 lot is perfect for building a multi-family building or a single family home. This property is zoned for a residential structure. Completely vacant land, no structure or demolition needed to build your dream home or investment property. Truly a must see!
Incredible development opportunity. Belmont Triangle site in Avondale. Approx. 3.28 acres parcel at Belmont Ave, Milwaukee Avenue and Pulaski Road. | Strauss Realty, Ltd. is proud to offer a rare opportunity to redevelop a substantial, 3.28 acre contiguous site in the heart of Avondale-bordered by Pulaski Road (20K VPD), Belmont Avenue (16K VPD), and Milwaukee Avenue (17K VPD). This prominent parcel is ideally suited for a higher-density, mixed-use development that could include residential units, a grocery store, restaurants, bars, entertainment venues, or even a lifestyle center with community-focused retail. Formerly home to industrial buildings, small businesses, and auto-related uses, the site is now largely vacant -creating a noticeable gap in Avondale's commercial landscape. Recognizing its potential, the previous alderman supported zoning changes to allow for four- to five-story buildings, signaling readiness for revitalization. There is strong community support for redevelopment, with the shared goal of transforming the "Belmont Triangle" into a vibrant, mixed-use destination that reflects the neighborhood's character and needs. A 2022 survey revealed that most respondents access the site by walking or driving, and expressed strong interest in open spaces along with dining and retail options. In 2022, the Department of Planning and Redevelopment designed three schemes (see brochure). As nearby neighborhoods like Logan Square and Bucktown continue to rise in cost, Avondale is becoming an increasingly attractive alternative for residents and investors alike. Demand for both residential and commercial uses remains strong, positioning this site for significant returns. The site offers outstanding accessibility and exposure, with easy access to transportation including I-90/94, the Belmont Blue Line station, and the Irving Park Metra station. The surrounding neighborhood features a mix of community assets such as schools, churches, and a range of active retail establishments, reinforcing the site's potential for impactful mixed-use development. Nearby tenants include Las Islas Marias, Walgreen's, CVS, HR Block, BP Gas, AT&T Store, McDonald's, PNC Bank, shops, laundry and dining. Development incentives include eTOD, NOF, TIF, LIHTC, federal subsidies grants and loans, Cook County Tax Incentives for Class 7A, 7B and L properties. The population within 1 mile is 44,014 with 17,021 households and average household income of $97,116.
Double lot on Pulaski. B 3-1 zoning. Great for landscaper, mechanic, builder, developer. Situated next to a nice City park. Many great potential uses. Call or drive by it today!
Parking Spot 214 is a premium corner spot on the 2nd floor of this heated garage. Easy access and tons of space with no car parked directly to your left. The spot is currently rented on a month to month lease.
SINGLE PARKING SPACE IN RIVER PLAZA CONDOMINIUM GARAGE LOCATED ON "D" LEVEL (G4). IT'S HEATED, SECURED WITH KEY CARD ENTRY. NO PUBLIC PARKING. GARAGE MANAGER ON DUTY. Garage is completely renovated. Limited number of parking 364 spaces shared with 405 Wabash Ave (697 units) & 403 N Wabash Ave (53 Units). 403 N Wabash Ave building does not sell deeded parking, only COMMON ASSIGNED RIGHTS FOR HIGHER PRICES.
Prime Residential Lot with Existing Garage- Build Your Dream Home! This well- located parcel sits in the heart of a residential neighborhood, offering the perfect opportunity to construct your custom home. The lot already includes a sturdy garage, providing immediate utility. Enjoy convenience with quick access to shopping, Midway airport, I55 , Schools & parks - all just minutes away.
C1-2 Zoning. Roughly 2700 square feet. Tear down or build up or keep this 1-Story storefront brick building currently rented to an established business. Building only for sale. Blocks from Addison Brown line. Located on popular Ashland avenue!
Don't miss this buildable corner lot in the vibrant North Lawndale community. Measuring 25x135, this prime parcel is zoned RT-4, offering a wide range of development opportunities-build a Single Family Home, 2-Flat, or Townhomes. Enjoy a convenient location just steps from Douglas Park and Cinespace Studios, with easy access to public transportation and major expressways. Whether you're a developer or future homeowner, this lot is full of potential. Drive by and envision the possibilities today!
Attention investors! Great Investment opportunity! Fantastic double vacant lot, zoned RT-4. Hot Area With Tons of new construction. VACANT LAND READY TO BUILD ON. Highly desirable Woodlawn /Hyde Park Area; Close by are the University of Chicago, University of Chicago Medical Center, Jackson Park, the soon to be redesigned South Shore Golf Course, and everything Hyde Park has to offer. University of Chicago Grant Area for UC employees. New construction right across the street.(future site of the Obama Library), LSD, Lake Michigan, CTA & much more.
Listings courtesy of MRED as distributed by MLS GRID
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