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$230,000
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Property Description
**PRE-FORECLOSURE OPPORTUNITY - RECEIVER APPOINTED - CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago's Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don't miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.
Full Property Details
Full Property Details for 3935 S Kedzie Ave
General
- Price: $230,000
- Taxes: $6,830 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12660583
- Updated: 6/4/2026
- Added to Site: 8 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Brighton Park
- County: Cook
- Driving Directions: Archer Avenue then turn North on Kedzie Ave. property is on the corner of 39th Place and Kedzie Ave.
- Location Details: Chicago South, Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 4,375
- Current Bldg. Use: Other
- # of Stores: 2
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,625
- Lot Dimensions: 25 x 125
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $2,200
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1916
- Tax Amount: $6,830.84
- Tax Year: 2024
- Tenant Pays: Varies by Tenant
- Pays Electric: 520
Disclosures and Reports
- Property ID: 19011040010000
Listed by Keller Williams ONEChicago
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Schools
Schools serving 3935 S Kedzie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Davis N Elementary School 3014 West 39th Place, Chicago, IL 60632 | K-8 | 0.2 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 0.5 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 3935 S Kedzie Ave
Date
Details
Price
Change
Source
5/28/2026
Listed
$230,000
-16.36%
MLS
4/28/2006
Sold
$275,000
—
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 3935 S Kedzie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,798
—
$34,000
89%
2023
$3,798
3%
$18,000
—
2022
$3,702
2%
$18,000
—
2021
$3,620
-15%
$18,000
-6%
2020
$4,269
-5%
$19,161
-14%
2019
$4,476
2%
$22,281
—
2018
$4,401
63%
$22,281
-9%
2017
$2,695
-45%
$24,464
—
2016
$4,900
9%
$24,464
—
2015
$4,483
20%
$24,464
21%
2014
$3,748
2%
$20,198
—
2013
$3,674
1%
$20,198
—
2012
$3,624
—
$20,198
—
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 3935 S Kedzie Ave
3935 S Kedzie Avenue, Chicago, IL 60632 (MLS# 12660583) is a Commercial property. 3935 S Kedzie Avenue is currently listed for $230,000 and was received on May 28, 2026. Want to learn more about 3935 S Kedzie Avenue? Do you have questions about finding other Commercial real estate for sale in Brighton Park? You can browse all Brighton Park real estate or contact a Coldwell Banker agent to request more information.

