Listing Summary
Commercial Mixed-Use Property for Sale: 3935 S. Kedzie Ave, Chicago, IL
Full Description
Investment Highlights: Pre-Foreclosure Opportunity | Receiver-Appointed | Cash Offers Preferred
Excellent value-add investment opportunity in Chicago’s growing Brighton Park neighborhood. Located on a high-visibility corner lot, 3935 S. Kedzie Ave. is a versatile mixed-use commercial building offering massive upside potential for real estate investors, developers, and owner-operators.
This asset is currently in pre-foreclosure and managed by a court-appointed receiver, with ownership motivated for a prompt, efficient sale.
Property Features & Layout
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Main Level (Commercial/Event Space): Features a spacious, open-concept banquet hall and event venue perfect for community gatherings, entertainment, or commercial redevelopment. Includes a dedicated kitchen area and two guest bathrooms.
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Second Level (Residential Income): Consists of 7 Single Room Occupancy (SRO) units, a shared kitchen, and two bathrooms. Note: All tenants will vacate prior to closing, offering a blank canvas for immediate repositioning or market-rate leasing.
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Basement & Exterior: Substantial lower-level storage and utility space. The rear of the property includes a private garage and additional off-street parking spaces.
Investment & Development Potential
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Location: Prime corner-lot positioning in Brighton Park, Chicago—an area with strong demand for both local retail/event services and affordable housing.
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Value-Add Asset: Ideal for experienced operators looking to remediate, renovate, and reposition a unique mixed-use property for maximum ROI.
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Terms: Sold strictly as-is. The property currently has municipal building violations; buyers are responsible for performing their own due diligence regarding zoning, property condition, and code compliance post-closing.
Transaction Details
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Status: Receiver-Appointed Sale / Pre-Foreclosure
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Preferred Terms: Cash offers strongly preferred for a quick closing.
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Target Buyer: Investors, experienced developers, or commercial operators looking for a high-upside redevelopment project in Chicago.
Quick Glance
- Listing ID:
CL-Illinois-27976
- Status:
Active
- Year Build:
1921
- Building Size:
3,165 SqFt
- Lot Size:
0 Acr