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$550,000
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Property Description
Finding any storefront space on such a busy corner of Belmont Cragin is rare, but one with 33 feet of frontage elevates this property to unicorn status. In a neighborhood where rents climbed 15% last year, steps from Austin and Diversey, two CTA bus lines at the door and roughly 13,000 vehicles passing daily - sitting above three apartments with unlimited potential. Exceptional short and long-term upside for the investor running the value-add play or taking the flip. Particularly well-suited for the business owner ready to put their operation in the storefront and let the rents carry the mortgage - a live/work setup that rarely comes together this cleanly. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential.
Full Property Details
Full Property Details for 2709 N Austin Ave
General
- Price: $550,000
- Taxes: $4,807 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12773633
- Updated: 10/7/2026
- Added to Site: 11 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - Belmont Cragin
- County: Cook
- Township: Jefferson
- Driving Directions: Take W Schubert Ave to N Austin Ave
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1929
- Built Before 1978: Yes
Unit Information
- # Tenants: 4
Lot Features
- Lot Size (Sq. Ft.): 4,092
- Lot Dimensions: 33 x 124
- Potential Use: Commercial
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Other
- Assessment Year: 1929
- Tax Amount: $4,807.4
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 13294000160000
Listed by Keller Williams ONEChicago
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Schools
Schools serving 2709 N Austin Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Lyon Elementary School, Chicago, IL 2941 North McVicker Avenue, Chicago, IL 60634 | K-8 | 0.3 mi |
Steinmetz Academic Centre High School 3030 North Mobile Avenue, Chicago, IL 60634 | 9-12 | 0.6 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 2709 N Austin Ave
Date
Details
Price
Change
Source
10/01/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2709 N Austin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,081
—
$50,000
61%
2023
$5,081
2%
$31,000
—
2022
$4,969
2%
$31,000
—
2021
$4,894
-5%
$31,000
-6%
2020
$5,155
—
$33,135
-14%
2019
$5,139
2%
$38,530
—
2018
$5,061
-7%
$38,530
6%
2017
$5,419
-6%
$36,500
—
2016
$5,758
4%
$36,500
—
2015
$5,534
1%
$36,500
3%
2014
$5,486
—
$35,365
—
2013
$5,506
7%
$35,365
—
2012
$5,154
—
$35,365
—
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 2709 N Austin Ave
2709 N Austin Avenue, Chicago, IL 60639 (MLS# 12773633) is a Commercial property. 2709 N Austin Avenue is currently listed for $550,000 and was received on October 01, 2026. Want to learn more about 2709 N Austin Avenue? Do you have questions about finding other Commercial real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

