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About the Listing 88759 - 880959
Mixed-use value-add investment on 26th Street in the heart of Little Village, one of Chicago's busiest and most densely commercial retail corridors, home to over 1,000 businesses and heavy foot traffic year-round. Sale includes three contiguous parcels totaling approx. 8,625 SF of land (0.20 acres) with 70' of frontage directly on 26th Street, zoned B3-1. The ground-floor commercial space is occupied by an active Salvadorian restaurant with a large basement below. The second-floor 2-bed/1-bath residential unit needs significant renovation or gut rehab, but retains vintage woodwork, stained glass built-ins, a large kitchen, utility room, and a rear deck. Behind the main building is a parking garage and storage area. Two of the three parcels make up a large parking lot adjacent to the restaurant, a rare and valuable asset on a corridor where street parking can be hard to come by. Income potential from multiple sources: existing commercial tenant, post-rehab residential rental, and parking lot revenue or future development under B3-1 zoning. The residential unit is where the real upside lives. Renovate or gut-rehab to market rate and you're adding a performing income stream to a property that's already producing on the commercial side. The parking lot adds a layer most small mixed-use deals don't have, whether you monetize it now or develop it later. The building is brick masonry, built c. 1908. Priced for an investor who sees the spread between current condition and post-renovation value on one of the Southwest Side's strongest commercial streets. CTA Pink Line and bus routes 52/60 nearby. Bring your ideas and vision to this incredible location to create a great opportunity!
Listing Highlights
Status
Active
Days on Site
35
Property Type
Commercial Sale
MLS ®
12586766
Year Built
1908
Total Square Footage
0
Lot/Acreage
0.2
County
Cook
Area
CHI - South Lawndale
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 115X75
- Zoning: OTHER
- Roof:
- Others:
- Sewer:
- Parking Features: 6-12 Spaces
Financial Details
- Tax Amount: $7,352
- Taxes w/Assessments: N/A
- Tax/Property ID: 16274000040000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
4373-4377 W 26th St Chicago, IL 60623
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