MLS#12476091
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
HUGE VALUE-ADD OPPORTUNITY - Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago's incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on one of Beverly's main thoroughfares - 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area provides a ton of opportunity to the new buyer potentially for the addition of more units, storage or covered / enclosed garage space to generate additional revenue. Rents are currently way under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play and / or bbq. All tenants have central HVAC for heating and cooling which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. Over a dozen parking spots in the rear of the building as well. Currently priced at over an 8 CAP but with better management and getting rents to market this could easily be a 10+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.67 Acres
Stories: 2.0
Taxes: $20,973
Year Built: 1904
Feature Descriptions
Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
Exterior: Brick
Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
Flooring: Wood
HVAC: Forced Air, Gas
Lot Dimensions: 29246
Parcel#: 25171010070000
Parking: 6-12 Spaces
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 12
Listed By / Shown By
Listed By
Agency Name: Dorazio Real Estate LLC
Agency Phone: 224-505-4072
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. 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.
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1441 W 103rd Street | MLS# 12476091
This commercial property located at 1441 W 103rd Street, Chicago, IL 60643 is currently listed for sale with an asking price of $1,369,900. Search Chicago real estate on www.bhhscrosby.com today.