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$589,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,200 Sq. Ft.
  • Updated 2 days ago

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Excellent investment opportunity in Garfield ridge! Commercial storefront with full basement. 6 apartments and detached 2 car garage. Full size laundry with coin operated washer and dryer. All apartments have separate FGA and window units. Newer roof in 2024 with new skylights.

Full Property Details for 5740 S Archer Ave

General

  • Price: $589,900
  • Taxes: $5,275 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12677440
  • Updated: 6/13/2026
  • Added to Site: 3 day(s) ago

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s)

Location

  • Area: CHI - Garfield Ridge
  • County: Cook
  • Driving Directions: CENTRAL AVE TO ARCHER EAST TO 5740 S ARCHER
  • Location Details: Chicago Southwest, Mixed-Use Area, Public Transport Avail, Airport/Runway Nearby, In City Limits, High Traffic Area

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Roof: Membrane
  • Stories/Levels: 2
  • Square Feet: 4,200
  • Year Built: 1935
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 7
  • # Dryers: 1

Lot Features

  • Lot Size (Sq. Ft.): 3,150
  • Lot Dimensions: 25 x 125
  • Frontage: City Street
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $2,527
  • Security Deposit: Carbon Monoxide Detector(s)
  • Assessment Year: 1935
  • Tax Amount: $5,275
  • Tax Year: 2023
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 600

Disclosures and Reports

  • Property ID: 19093130260000

Listed by Nowak Realty

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— 5740 S Archer Ave —

  • Nowak Realty

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5740 S Archer Ave

School District:Chicago Public School District 299
NameGradesDistance
Twain Elementary School
5134 South Lotus Avenue, Chicago, IL 60638
PK-80.2 mi
Kennedy High School
6325 West 56th Street, Chicago, IL 60638
9-121.3 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 5740 S Archer Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/13/2026
Listed
$589,900
148.27%
MLS
1/03/2018
Sold
$237,600
—
Public Record
Get Price Alerts and Save Property
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 for 5740 S Archer Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,275
—
$38,774
55%
2023
$5,275
3%
$25,000
—
2022
$5,142
2%
$25,000
—
2021
$5,027
10%
$25,000
22%
2020
$4,550
-5%
$20,423
-14%
2019
$4,771
2%
$23,748
—
2018
$4,691
-25%
$23,748
-18%
2017
$6,269
7%
$29,120
—
2016
$5,832
9%
$29,120
—
2015
$5,336
16%
$29,120
18%
2014
$4,591
2%
$24,745
—
2013
$4,501
1%
$24,745
—
2012
$4,440
—
$24,745
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Nowak Realty

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5740 S Archer Avenue, Chicago, IL 60638 (MLS# 12677440) is a Commercial property. 5740 S Archer Avenue is currently listed for $589,900 and was received on June 13, 2026. Want to learn more about 5740 S Archer Avenue? Do you have questions about finding other Commercial real estate for sale in Garfield Ridge? You can browse all Garfield Ridge real estate or contact a Coldwell Banker agent to request more information.

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