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$1,200,000

  • For Sale
  • Active
  • Commercial
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Exceptional investment opportunity in the heart of Chicago's Chinatown area. This well-maintained 6-unit brick building offers strong existing cash flow with full occupancy and a stable rental history. The property features four stories, updated interiors, central heating and cooling in units, and a detached garage. The building is located steps from local shops, restaurants, public transportation, and major city amenities, making it highly desirable for long-term tenants.

Full Property Details for 248 W 26th St

General

  • Price: $1,200,000
  • Taxes: $16,675 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12531788
  • Updated: 12/18/2025
  • Added to Site: 37 day(s) ago

Location

  • Area: CHI - Armour Square
  • County: Cook
  • Township: Lake
  • Driving Directions: Between Wells and Princeton on 26th Street, just east of and next to Ricobene's.

Heating & Cooling

  • Heating Type: Separate per Unit

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 4
  • Year Built: 1887
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 25 x 125
  • Zoning: COMMR

Financial Considerations

  • Assessment Year: 1887
  • Tax Amount: $16,675.38
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat

Disclosures and Reports

  • Property ID: 17282330260000

Listed by Kale Realty

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Listing agent

— 248 W 26th St —

  • Kale Realty

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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 248 W 26th St

School District:Chicago Public School District 299
NameGradesDistance
Ward J Elementary School
2701 South Shields Avenue, Chicago, IL 60616
K-80.2 mi
Phillips Academy High School
244 East Pershing Road, Chicago, IL 60653
12-111.6 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 248 W 26th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/11/2025
Listed
$1,200,000
244.83%
MLS
8/31/2015
Sold
$348,000
—
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 248 W 26th St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,283
3%
$58,216
—
2022
$11,974
-8%
$58,216
-10%
2021
$12,962
12%
$64,460
24%
2020
$11,579
-15%
$51,978
-23%
2019
$13,622
-9%
$67,802
-10%
2018
$14,903
55%
$75,445
69%
2017
$9,619
7%
$44,682
—
2016
$8,949
-18%
$44,682
-25%
2015
$10,855
16%
$59,239
17%
2014
$9,369
2%
$50,497
—
2013
$9,184
1%
$50,497
—
2012
$9,061
—
$50,497
—
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 248 W 26th St

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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 Kale Realty

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248 W 26th Street, Chicago, IL 60616 (MLS# 12531788) is a Commercial property. 248 W 26th Street is currently listed for $1,200,000 and was received on December 11, 2025. Want to learn more about 248 W 26th Street? Do you have questions about finding other Commercial real estate for sale in Armour Square? You can browse all Armour Square real estate or contact a Coldwell Banker agent to request more information.

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