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Property Description

Outstanding, turnkey, previously fully rehabbed, Garfield Park 24-unit mixed use building in prime location with 12.3% cap rate on 50x175 foot corner lot with B3-2 zoning. Building consists of 5 studios, 5 one-bedrooms, 8 two-bedroom apartments & 6 retail spaces (Grocery store accounts for three of the commercial units). Retail spaces have central air. All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens. Hardwood floors throughout living area and bedrooms. 1200 Amp electrical service! Boiler and water heater replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.

Features & Information

Key Details

List Price $1,950,000
Property Taxes $32,973
Price/ Sq. Ft. Unavailable
Year Built 1901
Status Active

Building Information

Age of Building Older
Exterior Construction Brick
Heating & Cooling Gas, Hot Water

Location

County Cook
Directions to Property Madison West Of Pulaski. Northeast Corner Of Madison And Keeler.

Property Taxes
Tax 32973
Parcel Identification Number 16104240170000

Listed by: Keller Williams Preferred Realty | Phone: 708.798.1111
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 3/31/2026 2:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore West Garfield Park

Since being settled by Scandinavian and Irish immigrants in the 1870s, West Garfield Park has become a working-class neighborhood on the rise. Its convenience to downtown has attracted the interest of business-owners and residential developers, but as of now, the up-and-coming West Garfield Park is still an affordable option for first-time homebuyers, young working singles and families alike. Gradual modernization of housing is slowly giving this classic neighborhood a contemporary face-lift, although the majority of properties here are of the vintage persuasion, rather than new design. West Garfield Park is also embellished with a healthy assemblage of retailers and restaurateurs, not to mention a large number of educational academies that include a specialized charter school and college level institution.

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