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32470270
32470271

3265 South Archer Avenue, Chicago, IL 60608

AL
IL 475130926
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$1,550,000
22 days on market
Updated 22 days ago

Bridgeport/McKinley | Brick 8-Unit with Parking

Details
APN 17-31-212-027-0000
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 8,150
Tenancy Multi
Broker Co-Op True
Year Built 1881
Buildings 1
Stories 3
Lot Size (SqFt) 7,352
Zoning C1-2
Investment Type Value Add
Ground Lease No

Bridgeport/McKinley | Brick 8-Unit with Parking

Marketing description

Property Description

This beautifully maintained and updated corner building consists of six apartments and two retail spaces. The retail units have recently been leased to a spa on a new 5 Year Lease with options. Five of the six apartments have been updated, including an expansive duplex loft ideal as an owner’s unit, featuring large windows, a high-end kitchen with Viking appliances, and a spa-like bathroom with a Jacuzzi tub and sauna. Abundant natural light enhances each unit, showcasing the property’s quality finishes and inviting atmosphere.

All City of Chicago required updates have been completed, including newly paved basement floor, Fire Rated Drywall on the basement ceiling, electrical & new porch.

Located on a large lot with street frontage along Archer Avenue, and the building also includes a two-car garage with high ceilings—presenting potential for conversion into additional residential or retail space, or continued use as income- generating parking. A large driveway provides additional parking for multiple cars, a valuable amenity and added income opportunity.

Location Description

3265 S Archer Avenue is strategically positioned in Chicago’s McKinley Park neighborhood, offering excellent connectivity and accessibility. The property provides immediate access to major transportation corridors, including I-55 (Stevenson Expressway) and I-90/94, allowing for efficient travel to Downtown Chicago and the broader metropolitan area. Public transportation is readily available via the CTA Orange Line, with nearby stations providing direct service to the Loop and Midway International Airport.

The surrounding area benefits from a strong mix of residential density, neighborhood retail, and proximity to key employment hubs. McKinley Park and its 70+ acres of green space, trails, and recreational amenities are just moments away, enhancing the area’s livability. The property is also conveniently located within a short drive to the Illinois Medical District and Chicago’s Central Business District, making it an attractive location for both tenants and investors seeking accessibility, visibility, and long-term neighborhood growth.

Investment highlights

  • Large 2 Bed/3 Bath Duplex Loft with Sauna
  • New 5 Year Retail Lease
  • 2 Car Garage w/ High Ceilings & Support to add Additional Floor or Deck
  • Potential to Convert Garage to Retail/Apartment
  • Oversized Lot - Parking for 6 Cars
  • Numerous Updates
  • Bridgeport/McKinley Park Area
  • Below Market Rents
  • Easy Access to I-55, I-90 & CTA Orange Line

Listing Contacts

AL
IL 475130926
SVN | Chicago Commercial
PC
IL 475130924
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

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