This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
$324,900
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
Property Description
This is a fantastic investment opportunity featuring three buildings sold together under one PIN. The property includes two apartments, two retail storefronts, and a fully operational tire store/repair business. The sale includes two additional addresses: 500 S. Cicero and 4807 W. Congress Parkway. Each of the two storefronts is approximately 1,800 square feet, while the two apartments above-also measure 1,800 square feet each. The tire store is a separate building with 2,476 square feet, bringing the total property size to 9,676 square feet. The buildings on Cicero require renovation before they can be leased, whereas the building on Congress is fully functional. The location is excellent being on one of Chicago's best known main streets only a few blocks from the I-290 expressway. Don't miss this unique opportunity to own a versatile property with multiple income streams!
Full Property Details
Full Property Details for 502 S Cicero Ave
General
- Price: $324,900
- Taxes: $10,180 (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12298384
- Updated: 8/12/2025
- Added to Site: 326 day(s) ago
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: Drive on I-290 exit the Cicero exit. Drive north about three blocks and building is located on the left side.
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 9,700
- Current Bldg. Use: Automotive
- # of Stores: 3
- Year Built: 1913
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,200
- Lot Dimensions: 124 x 50
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1913
- Tax Amount: $10,180
- Tax Year: 2022
Disclosures and Reports
- Property ID: 16162210840000
Listed by Smith and Jones Realty, LLC
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 502 S Cicero Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Leland Elementary School, Chicago, IL 512 South Lavergne Avenue, Chicago, IL 60644 | PK-8 | 0.2 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 2.3 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 502 S Cicero Ave
Date
Details
Price
Change
Source
4/03/2025
Price Reduced
$324,900
-7.14%
MLS
2/25/2025
Listed
$349,900
—
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 502 S Cicero Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,420
3%
$92,040
—
2022
$18,931
2%
$92,040
—
2021
$18,508
12%
$92,040
24%
2020
$16,492
11%
$74,031
—
2019
$14,874
2%
$74,031
—
2018
$14,624
-11%
$74,031
-3%
2017
$16,451
7%
$76,418
—
2016
$15,306
9%
$76,418
—
2015
$14,003
12%
$76,418
14%
2014
$12,464
2%
$67,180
—
2013
$12,218
1%
$67,180
—
2012
$12,055
—
$67,180
—
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 502 S Cicero Ave
502 S Cicero Avenue, Chicago, IL 60644 (MLS# 12298384) is a Commercial property. 502 S Cicero Avenue is currently listed for $324,900 and was received on February 25, 2025. Want to learn more about 502 S Cicero Avenue? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

