3251 W 111TH Street
Chicago, IL, 60655
$325,000
Beds
0 Baths
0 SqFt
0 Acres
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$325,000
3251 W 111TH Street
Chicago, IL, 60655
MLS #MRD12420638 image #0MLS #MRD12420638 image #1
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
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Mount Greenwood
Listed Date:
Jul 23, 2025
Year Built:
1919
Chi – Mount GreenwoodChi – Mount Greenwood

Schools

Interior

Cooling
Wall Sleeve

Exterior

Construction Materials
Wood, Frame

Financial

Net Operating Income
$21,030
Tax Year
2023
Taxes
$3,206
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 06, 2025
1,056
Commercial Listed
167
Avg DOM
155
Avg $ / SqFt
$1,043,158
Avg List Price

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Property Summary

    3251 W 111TH Street Chicago IL is a Commercial for sale in Chicago, IL, 60655. It is listed for $325,000 To schedule a showing of MLS#mrd12420638 at 3251 W 111TH Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
3251 W 111TH Street
Chicago, IL