401 S CICERO AVE Chicago IL 60644-4907

This is a rare opportunity to own a versatile mixed-use property with an additional oversized vacant lot offering exceptional potential for expansion or future development.​ Ideally located near the high-traffic intersection of Interstate I-290 and Cicero Avenue, this property provides outstanding visibility and convenient access to major transportation routes and city amenities.​ The second floor features a spacious and inviting 3-bedroom, 1.5-bath apartment, perfect for owner occupancy or rental income.​ The first floor offers flexible commercial space ideal for retail, office, or a variety of business uses.​ Included with the property is a cleared extra lot that is more than twice the size of the existing building, creating endless possibilities for redevelopment, additional parking, expansion, or investment opportunities.​

Perfectly situated on a high-visibility corner along Cicero Avenue, 401 S Cicero Ave offers investors a rare mixed-use asset with multiple income streams and strong value-add potential in one of Chicago's rapidly evolving commercial corridors. The property includes a street-level retail space currently leased to a neighborhood convenience store, benefiting from excellent exposure, steady traffic counts, and convenient access to major transit routes including I-290 and nearby CTA bus lines. Above the commercial space is a spacious vintage residential unit, ideal for renovation and re-leasing at market rates-providing an immediate upside opportunity. Totaling approximately 3,300 SF, the building features efficient layouts, solid brick construction, clean mechanical systems, and separately metered utilities-supporting easier management and lower operating costs. Located minutes from the West Suburban Medical District, Garfield Park Conservatory, and multiple CTA options, the property sits at the intersection of strong residential density and consistent commercial demand. This asset is well-suited for first-time commercial buyers, seasoned investors seeking a portfolio add-on, or value-add operators looking to increase cash flow in a strengthening submarket.