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$1,100,000
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Property Description
Discover a one-of-a-kind, free-standing building in the heart of Chicago's vibrant Pilsen neighborhood. Formerly a gallery, this expansive space offers soaring ceilings, an open layout, and a unique blend of character and functionality. With B2-2 zoning, it is ideal for a boutique, creative studio, showroom, retail, or office space. The first floor features a gallery-style entrance leading to a massive 2,500 SF open area, providing endless possibilities. The second floor includes a private office and a recently renovated full bathroom. Additionally, the attic is not your typical storage space-it boasts ample standing room and can serve various needs. The property also includes a fully equipped kitchen and three bathrooms, one with two stalls, ensuring convenience for staff and visitors. Parking is a rare luxury in the city, and this property has three outdoor spaces and two garage spaces, currently used for storage. Whether you're looking to establish a creative hub, retail concept, or office space, this stunning property offers unmatched flexibility in a thriving community. Don't miss this rare opportunity-schedule a tour today! The whole building is rented thru 7/31/2026.
Full Property Details
Full Property Details for 1601 S Morgan St
General
- Sold For: $1,100,000
- Taxes: $20,146 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12492018
- Added to Site: 191 day(s) ago
Interior
- Interior Features: Basement
Location
- Area: CHI - Lower West Side
- County: Cook
- Driving Directions: located on 16th Street and Morgan
- Location Details: Central Business District, Corner, Public Transport Avail, Freestanding/Urban, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Drive-In Doors: 1
- Loading: Exterior
- Stories/Levels: 3
- Square Feet: 6,867
- Current Bldg. Use: Commercial, Medical/Dental
- Year Built: 1874
Unit Information
- # Tenants: 1
Lot Features
- Lot Dimensions: 0 x 0
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $8,444
- Assessment Year: 1874
- Tax Amount: $20,146.9
- Tax Year: 2024
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 17204040010000
Listed by RE/MAX Premier
Sold by Pearson Realty Group
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Schools
Schools serving 1601 S Morgan St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Jungman Elementary School 1746 South Miller Street, Chicago, IL 60608 | PK-8 | 0.1 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 S Morgan St
Date
Details
Price
Change
Source
4/15/2026
Sold
$1,100,000
-18.52%
MLS
10/09/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1601 S Morgan Street, Chicago, IL 60608 (MLS# 12492018) is a Commercial property that was sold at $1,100,000 on April 15, 2026. Want to learn more about 1601 S Morgan Street? Do you have questions about finding other Commercial real estate for sale in Lower West Side? You can browse all Lower West Side real estate or contact a Coldwell Banker agent to request more information.

