1441-1455 W 103rd St., Chicago, IL 60643
$1,390,000
See full gallery below and extended listing details at CREXI
🏢 Mixed-Use 12-Unit Investment with Upside in East Beverly
Located in Chicago’s East Beverly neighborhood, this mixed-use building combines long-term stability with room to grow. Built in 1904 and full of vintage brick charm, the property includes six storefronts along bustling 103rd Street and six apartments above. Whether you’re seeking passive income, redevelopment potential, or a higher CAP with hands-on management, this one checks all the boxes. 🧱📍
🛍️ 6 Street-Level Storefronts with Visibility and Demand
Positioned on a well-traveled stretch of 103rd Street:
🛒 Six ground-floor commercial spaces with large window frontage
🚶 High daily foot and vehicle traffic for retail visibility
📈 Strong local tenant demand and easy lease-up history
🧑💼 Consistent occupancy with minimal marketing effort
🏘️ 6 Residential Units with Value-Add Potential
Upstairs apartments have proven to be just as reliable:
🛏️ Fully rented with under-market rents
🧺 Central HVAC throughout all units
🛠️ Solid bones with room for cosmetic updates
🧑🌾 Rear patio space is currently used as a tenant common area for BBQs and relaxation
🏗️ Extra Land, Garage, and Expansion Flexibility
The property sits on a massive lot with valuable extras:
🚗 Over a dozen parking spaces behind the building
🚪 Huge detached garage to the south of the structure
🏗️ Potential to add units, storage, or garage income with proper planning
💰 8.01 CAP with Room to Push Toward 9+
With below-market rents and low turnover, better management alone could significantly increase returns. Efficient upgrades and optimization could push this investment into 9+ CAP territory, all in a highly desirable South Side location.
📅 Schedule your tour of this rare East Beverly value-add and start planning the next chapter for this one-of-a-kind building.
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