[Address not provided], Chicago, IL 60623 - Photo 1

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$225,000

For Sale
Active
Commercial
9,800 Sq. Ft.

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Property Description

Prime development opportunity with RT4 zoning. Lot is 6300 sq ft building is 9800 sq ft. Approx 50 X 126 per floor. Originally built as a wood working shop, it has recently been used as an artist's work/live space with high ceilings up to 15'. Property is being sold AS IS. Building is Dry: no water or sewer. The building needs to be completely gut rehabbed,including leveling and pouring new concrete on the first floor, providing new sewer and water to the building from the street, and replacing all the siding and windows. Has a 400 AMP electrical service and a 8' wide side driveway. The second floor has two additional studio spaces as well as a living space. 1 block from Cermak Road and the 21 Cermak bus and 3/4ths of a mile to the Pink Line (California / Cermak).

Full Property Details

Full Property Details for MLS# 12509274

General

Price: $225,000
Taxes: $20,226 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12509274
Updated: 1/28/2026
Added to Site: 121 day(s) ago

Location

Area: CHI - South Lawndale
County: Cook
Driving Directions: Cermak to Troy. South to property
Location Details: East/West Corridor, Chicago West, Central Business District, Public Transport Avail

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Gas, Space Heaters

Utilities

Onsite: Electricity to Site, Natural Gas Available

Structural Information

Construction: Brick, Wood, Frame
Exterior Const.: Brick, Wood, Frame
Loading: Exterior
Stories/Levels: 2
Square Feet: 9,800
Current Bldg. Use: Non-Conforming
Year Built: 1860
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 6,300
Lot Dimensions: 126 x 50
Frontage: City Street
Potential Use: Condominium, Non-Conforming, Development, Special Use
Zoning: OTHER

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $3,900
Assessment Year: 1860
Tax Amount: $20,226
Tax Year: 2024
Tenant Pays: Electricity, Heat, Taxes

Disclosures and Reports

Property ID: 16251010440000

Listed by Baird & Warner

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— MLS# 12509274 —

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Schools

Schools serving MLS# 12509274

School District:Chicago Public School District 299

Name	Grades	Distance
Kanoon Elementary Magnet School 2233 South Kedzie Avenue, Chicago, IL 60623	PK-8	0.1 mi
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623	9-11	0.3 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 MLS# 12509274 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/22/2026

Price Reduced

$225,000

-10%

MLS

11/02/2025

Listed

$250,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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MLS# 12509274, Chicago, IL 60623 (MLS# 12509274) is a Commercial property. MLS# 12509274 is currently listed for $225,000 and was received on November 02, 2025. Want to learn more about MLS# 12509274? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

MLS# 12509274 Chicago, IL 60623