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$795,000
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Property Description
Nestled in a vibrant neighborhood close to parks, shops, public transit, and bustling local businesses, this updated property offers a rare investment opportunity. Spanning two separate buildings, it features an impressive, income-generating setup: a 4-unit residential section plus a restaurant space, totaling 7 bedrooms and 4 full bathrooms. The front building boasts a highly visible restaurant or commercial space on the ground floor, drawing steady foot traffic, with a spacious 2-bedroom, 1-bath apartment above and a full basement below. Coin-operated laundry in the basement provides extra income for the owner. The rear building enhances the property's value with two additional 2-bedroom, 1-bath apartments and a basement unit. A 1-car garage adds convenience, while tenants covering all utilities keeps expenses low. The mixed-use design means you benefit from both residential and commercial tenants, ensuring a diverse and steady income stream.
Full Property Details
Full Property Details for 2524 S California Ave
General
- Price: $795,000
- Taxes: $8,795 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12663078
- Updated: 7/14/2026
- Added to Site: 68 day(s) ago
Interior
- Interior Features: Basement, Laundry Room
Additional Information
- Security/Safety: Other
Location
- Area: CHI - South Lawndale
- County: Cook
- Township: South Chicago
- Driving Directions: On California Blvd, South 2500
- Location Details: Chicago Southwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Other
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 5,550
- # of Stores: 1
- Year Built: 1891
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 3,200
- Lot Dimensions: 25 x 128
Financial Considerations
- Security Deposit: Other
- Assessment Year: 1891
- Tax Amount: $8,795
- Tax Year: 2023
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 16251260480000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 2524 S California Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Spry Elementary Community School 2400 South Marshall Boulevard, Chicago, IL 60623 | PK-8 | 0.3 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.7 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 2524 S California Ave
Date
Details
Price
Change
Source
7/08/2026
Price Reduced
$795,000
-6.47%
MLS
6/07/2026
Listed
$849,999
—
MLS
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
Tax History for 2524 S California Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,795
—
$40,365
-10%
2023
$8,795
3%
$45,000
—
2022
$8,552
2%
$45,000
—
2021
$8,379
178%
$45,000
170%
2020
$3,018
-6%
$16,652
-14%
2019
$3,201
2%
$19,363
—
2018
$3,146
-50%
$19,363
-40%
2017
$6,239
4%
$32,359
—
2016
$5,981
10%
$32,359
—
2015
$5,449
48%
$32,359
45%
2014
$3,671
-25%
$22,353
-24%
2013
$4,902
1%
$29,580
—
2012
$4,860
—
$29,580
—
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
Estimate the Cost for 2524 S California Ave
2524 S California Avenue, Chicago, IL 60608 (MLS# 12663078) is a Commercial property. 2524 S California Avenue is currently listed for $795,000 and was received on June 07, 2026. Want to learn more about 2524 S California Avenue? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

