$325,000
3251 W 111TH Street
Chicago, IL, 60655
Incredible Investment Opportunity in Prime Mount Greenwood! Here’s your chance to own a well-maintained mixed-use two-flat in one of the most desirable high-traffic corridors on 111th Street in Mount Greenwood. This property offers excellent visibility, stable income, and significant upside potential. The building includes a 400 sq ft commercial space in the front and a spacious 3-bedroom, 1-bath residential unit in the rear-plus a full unfinished attic that offers future expansion potential. There’s also a 2-car garage in the rear. The property has been well cared for, and both units are currently occupied with long-time, month-to-month tenants. Rents have not been raised in many years, offering immediate value-add opportunity by adjusting to market rate. The adjacent vacant 25 x 125 lot is also available for just $100,000 additional. Use it for expanded parking, outdoor space, or future development-the possibilities are endless. Both parcels have separate PINs and can be sold together. Whether you’re looking to increase cash flow, expand your portfolio, or secure a prime piece of real estate in a sought-after business district, this is a must-see opportunity.
Property Details
Price:
$325,000
MLS #:
MRD12420638
Status:
Active
Beds:
0
Baths:
0
Address:
3251 W 111TH Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Mount Greenwood
City:
Chicago
Listed Date:
Jul 23, 2025
State:
IL
ZIP:
60655
Year Built:
1919
Schools
Interior
Cooling
Wall Sleeve
Exterior
Construction Materials
Wood, Frame
Financial
Tax Year
2023
Taxes
$3,206
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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3251 W 111TH Street
Chicago, IL
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