433 West 115th Street, Chicago, IL

$288,000

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About 433 West 115th Street

With strong bones and authentic charm, this space offers the kind of raw potential that savvy and experienced investors and creative renovators dream of! Discover the potential of this character-rich red brick MIXED-USE building (B3-1 zoning) located in Chicago's vibrant location, which encompasses the Roseland and Washington Heights neighborhoods. This versatile property features three spacious 2-bedroom, 1-bath residential units and a street-level commercial storefront, currently operating as a beauty salon/barbershop. A detached 2-car garage adds further value. The building is partially occupied with month-to-month tenants, and current rents are well below market-offering a prime value-add opportunity. While it's not a blank slate, this building is ready for thoughtful renovations to unlock its full earning potential. Whether you're an investor seeking your next income-producing project or an owner-occupant with vision, this property offers flexibility, function, and strong upside. A new furnace was installed in January 2025-setting the stage for future improvements. Seize the opportunity to reimagine and revitalize this classic Chicago asset in a neighborhood on the rise.

Features of 433 West 115th Street

MLS® # 12434285
Price $288,000
Bathrooms 0.00
Acres 0.00
Year Built 1927
Type Commercial Sale
Sub-Type Mixed Use
Status Contingent

Community Information

Address 433 West 115th Street
Area CHI - West Pullman
City Chicago
County Cook
State IL
Zip Code 60628

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Additional Information

Days on Market 81
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEngel & Voelkers Chicago
Contact Info773-797-9500

Listing Map

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