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3251 W 111TH Street

Chicago, IL 60655
  • $325,000
  • STATUS: Active
  • ON SITE: 183 Days
  • MLS #: 12420638
UPDATED: 63 min ago
$325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1919
County:
Area:

School Ratings & Info

Description

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-23T17:16:18.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3251 W 111TH Street Chicago, IL 60655

  • Price: $325,000
  • Status: Active
  • On Site: 183 Days
  • Updated: 63 min ago
  • MLS #: 12420638
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1919
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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.
Exterior Features

Foundation Details Brick/MortarConcrete Perimeter Frontage Type City Street Outdoor Parking 1-5 Spaces Roof Structure Pitched

Interior Features

Cooling Wall Sleeve Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Electric Other Fire Protection Fire Extinguisher/s Geographic Locale Chicago South Gross Income 1975 Gross Scheduled Income 23700 Insurance Expense 0 Location Central Business District Mls Actual Status Active Net Operating Income 21030 Operating Expense 0 Ownership Types Corporation Possible Use CommercialMulti-FamilyRetail Property Sub Type Mixed Use Rental Price 11.85 Tax Annual Amount 3206 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 1975 Township Lake Type Mixed Use Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of @properties Christie's International Real Estate: 708-971-0060.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-23T17:16:18.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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