433 W 115th Street Chicago IL 60628 MLS #MRD12434285

With strong bones and authentic charm, this space offers the kind of raw potential that savvy and experienced investors and creative renovators dream of! Discover the potential of this character-rich red brick MIXED-USE building (B3-1 zoning) located in Chicago’s vibrant location, which encompasses the Roseland and Washington Heights neighborhoods. This versatile property features three spacious 2-bedroom, 1-bath residential units and a street-level commercial storefront, currently operating as a beauty salon/barbershop. A detached 2-car garage adds further value. The building is partially occupied with month-to-month tenants, and current rents are well below market-offering a prime value-add opportunity. While it’s not a blank slate, this building is ready for thoughtful renovations to unlock its full earning potential. Whether you’re an investor seeking your next income-producing project or an owner-occupant with vision, this property offers flexibility, function, and strong upside. A new furnace was installed in January 2025-setting the stage for future improvements. Seize the opportunity to reimagine and revitalize this classic Chicago asset in a neighborhood on the rise.