About This Home

This 0-bedroom, 0-bathroom commercial at 5042 W Armitage Avenue in Chicago, IL is listed for $349,000. Built in 1940, on a 0.03 acres lot.

Key Features

  • Built in 1940
  • 0.03 acre lot
  • 3 stories

Property Details

3 stories
1940
Listing Description

OPPORTUNITY AWAITS - MIXED-USE INVESTMENT PROPERTY WITH ENDLESS POTENTIAL! Bring your vision and creativity to this unique mixed-use property featuring a commercial space on the main level and two residential units above! Previously operated as a neighborhood bar (no liquor license included), the main level offers exciting possibilities for its next chapter.

The upper level features two spacious 2-3 bedroom units, both of which were fully rented at the time of the fire. Having sustained significant fire damage, this property is in need of a complete rehabilitation, offering investors, developers, and entrepreneurs a blank canvas to reimagine and restore.

Whether you're looking to revitalize the commercial space, generate rental income, or transform the entire property, the potential is here! BRING YOUR CONTRACTOR, YOUR IDEAS, AND YOUR VISION! Don't miss this opportunity to breathe new life into a property with tremendous possibilities. Property is being sold AS-IS. Buyer to perform all due diligence regarding zoning, permits, condition, and potential uses.

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

5042 W Armitage Avenue

Chicago, IL 60639

Property Details

Construction

Brick Frame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5042 W Armitage Avenue is listed at $349,000. The estimated monthly payment is $1,867 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.03 acre lot, 3 stories.

This property is listed by Maureen Frederick.

MF

Maureen Frederick

Agent at Dream Town Realty

Listed by Dream Town Realty · Broker phone: (312) 265-8000 · View on Broker Site · Broker website

MLS# 12788929· Source: Midwest Real Estate Data, LLC· 14 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5042 W Armitage Avenue, Chicago, IL 60639

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