Lender Owned Vacant 22-Unit Mixed Use Chicago IL - $600,000 or $27,273/Unit – Qualified Opportunity Zone

Asking Price: $600,000

Approx. Lot Size: 8,712 SF

2025 Property Taxes: $23,842

AW Properties Global is pleased to present the opportunity to acquire a lender-owned, 22-unit mixed-use property located in Chicago’s Greater Grand Crossing neighborhood in Chicago.

This four-story building features a unit mix consisting of four (4) ground-floor retail spaces, fifteen (15) one-bedroom apartments, and three (3) two-bedroom apartments. The property is situated on an approximately 8,712 SF site and is equipped with a central boiler heating system.

The property is currently 100% vacant, presenting a compelling value-add and repositioning opportunity for investors seeking to renovate, stabilize, and maximize the asset’s income-producing potential. The property is situated within a federally designated Qualified Opportunity Zone, offering potential tax advantages to eligible investors.

This lender-owned property is being offered for sale in As-Is condition.

Offering Memorandum (PDF)(opens in a new tab)