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$195,000

  • For Sale
  • Active
  • Commercial
  • 3,800 Sq. Ft.
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Mixed use property for sale! The first floor offers a 1,000-square-foot storefront, along with a 2 bed 1 bath unit in the back w/ in-unit laundry! The second floor features a massive 4 bed, 2 bath w/ in unit laundry. The property also includes an open basement with great potential! Come in and finish the project! Start your own business at the storefront and live upstairs! Many updates have already been completed, including a new roof (2 years old), plumbing (2024), HVAC (2024), and framing (2024) Seller is finishing installing furnace and (AC).Plus, it's just minutes from the 290 expressway, making it easy to get around the city. Don't miss out-schedule your showing today! The price adjustment is due to the completion of the HVAC system that was added.

Full Property Details for 1559 S Homan Ave

General

  • Price: $195,000
  • Taxes: $1,058 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12456709
  • Updated: 12/10/2025
  • Added to Site: 102 day(s) ago

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: At the northeast corner of 16th and Homan
  • Location Details: Chicago West

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • Square Feet: 3,800
  • # of Stores: 1
  • Year Built: 1888
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 2,125
  • Lot Dimensions: 2125
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1888
  • Tax Amount: $1,058.32
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 16232260460000

Listed by Cloud Gate Realty LLC

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Listing agent

— 1559 S Homan Ave —

  • Cloud Gate Realty LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1559 S Homan Ave

School District:Chicago Public School District 299
NameGradesDistance
Johnson Elementary School, Chicago, IL
1420 South Albany Avenue, Chicago, IL 60623
PK-80.4 mi
Manley Career Academy High School
2935 West Polk Street, Chicago, IL 60612
12-110.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1559 S Homan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Price Increased
$195,000
8.33%
MLS
10/27/2025
Price Reduced
$180,000
-5.26%
MLS
10/08/2025
Listed
$190,000
427.78%
MLS
3/11/2020
Sold
$36,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1559 S Homan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,058
3%
$4,999
—
2022
$1,032
2%
$4,999
—
2021
$1,009
-63%
$4,999
-59%
2020
$2,714
274%
$12,142
238%
2019
$725
2%
$3,595
—
2018
$712
-83%
$3,595
-81%
2017
$4,101
8%
$18,987
—
2016
$3,803
9%
$18,987
—
2015
$3,479
4%
$18,987
5%
2014
$3,346
2%
$18,036
—
2013
$3,280
1%
$18,036
—
2012
$3,236
—
$18,036
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1559 S Homan Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Cloud Gate Realty LLC

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1559 S Homan Avenue, Chicago, IL 60623 (MLS# 12456709) is a Commercial property. 1559 S Homan Avenue is currently listed for $195,000 and was received on October 08, 2025. Want to learn more about 1559 S Homan Avenue? Do you have questions about finding other Commercial real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

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