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$350,000 Just Listed
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Property Description
Welcome to South Chicago's next premier business opportunity - a dynamic mixed-use property offering endless potential in a rapidly evolving corridor. Formerly home to two separate businesses, a bar and salon, this expansive commercial space has already undergone major improvements, including a brand-new tear-off roof and a completely gutted to the studs in preparation for a large-scale restaurant and bar concept. Architectural plans are included with the sale, creating a seamless path for your vision to become reality. Designed with flexibility in mind, the massive steel-framed structure offers a rare clear-span layout with uninterrupted floor-to-ceiling window lines, delivering exceptional natural light, visibility, and design possibilities. Whether you envision a trendy restaurant, upscale lounge, cafe, boutique retail space, gym, creative studio, or professional office, this property is ready to accommodate your next venture. Above the commercial space, the attached residential apartment provides the ultimate live/work opportunity, featuring three spacious bedrooms, one-and-a-half baths, and both front and rear outdoor decks perfect for relaxing or entertaining. A large gated backyard and expansive on-site parking add even more convenience and functionality. Included in the sale is an oversized 126 x 122 parking lot, a rare and valuable asset offering tremendous flexibility for customers, tenants, or future expansion. Ideally located near the future Quantum Computing Campus and surrounded by ongoing neighborhood investment and development projects, this property is positioned to benefit from continued growth, increased demand, and long-term value appreciation. This is a unique chance to establish your business, invest in a transforming community, and create something truly exceptional. Schedule your private tour today and explore the possibilities waiting in South Chicago!
Full Property Details
Full Property Details for 2544 E 83rd St
General
- Price: $350,000
- Taxes: $4,380 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12649803
- Updated: 5/15/2026
- Added to Site: 5 day(s) ago
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: Yates Blvd to 83rd St - Turn East East 83rd St to property address
- Location Details: Chicago South, Mixed-Use Area
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Steam
Structural Information
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 4,920
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1960
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
- Potential Use: Single Family
- Zoning: OTHER
Financial Considerations
- Assessment Year: 1960
- Tax Amount: $4,380
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Insurance, Other
Disclosures and Reports
- Property ID: 21311260420000
Listed by Fulton Grace Realty
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Schools
Schools serving 2544 E 83rd St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Coles Elementary Language Academy 8441 South Yates Boulevard, Chicago, IL 60617 | K-8 | 0.3 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.7 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 1.2 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 2544 E 83rd St
Date
Details
Price
Change
Source
5/15/2026
Listed
$350,000
100%
MLS
10/06/2015
Sold
$175,000
—
Public Record
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 2544 E 83rd St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,954
3%
$14,000
—
2022
$2,880
2%
$14,000
—
2021
$2,815
-11%
$14,000
-2%
2020
$3,178
-4%
$14,268
-13%
2019
$3,295
2%
$16,400
—
2018
$3,240
-10%
$16,400
-2%
2017
$3,604
7%
$16,744
—
2016
$3,354
9%
$16,744
—
2015
$3,068
—
$16,744
1%
2014
$3,073
2%
$16,564
—
2013
$3,013
1%
$16,564
—
2012
$2,972
—
$16,564
—
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 2544 E 83rd St
2544 E 83rd Street, Chicago, IL 60617 (MLS# 12649803) is a Commercial property. 2544 E 83rd Street is currently listed for $350,000 and was received on May 15, 2026. Want to learn more about 2544 E 83rd Street? Do you have questions about finding other Commercial real estate for sale in South Chicago? You can browse all South Chicago real estate or contact a Coldwell Banker agent to request more information.

