Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12663078MLS Provider

2524 S California AvenueChicago, IL 60608

Commercial · 5,550 Sq. ft.
$849,999 Active

2524 S California Avenue Overview

Time on Site:
22 days
Visits:
3

Nestled in a vibrant neighborhood close to parks, shops, public transit, and bustling local businesses, this updated property offers a rare investment opportunity. Spanning two separate buildings, it features an impressive, income-generating setup: a 4-unit residential section plus a restaurant space, totaling 7 bedrooms and 4 full bathrooms. The front building boasts a highly visible restaurant or commercial space on the ground floor, drawing steady foot traffic, with a spacious 2-bedroom, 1-bath apartment above and a full basement below. Coin-operated laundry in the basement provides extra income for the owner. The rear building enhances the property's value with two additional 2-bedroom, 1-bath apartments and a basement unit. A 1-car garage adds convenience, while tenants covering all utilities keeps expenses low. The mixed-use design means you benefit from both residential and commercial tenants, ensuring a diverse and steady income stream.

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2524 S California Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,550
  • Price/Sq.ft. $153

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 116400
  • Gross Scheduled Income: 116400
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Operating Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1891

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Lawndale
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $8,795.00
  • Tax Year: 2023

General Information

  • Parcel Number: 16251260480000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 5550

General Information

  • Cooling: Central Air
  • Electric: Other
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X128
  • Lot Size Square Feet: 3200

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 5

2524 S California Avenue Neighborhood

Community

60608 (CHICAGO) Demographics

33
Median Age
12,268
Population Density (per sq. mile)
35%
College Educated
$57,183
Estimated Median Income
10,169
Estimated Total Home Owners
16,042
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2524 S California Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2524 S California Avenue Market Data

Based on the last 30 days in this zip code

$465,593
Average List Price
$352
Average Price per Square Foot
26
Properties Sold
74
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network

2524 S California Avenue History

Date Event Value Agent
6/12/2026Source: MRED Status Change
Active
Tatiana Perry
Listing Agent
6/7/2026Source: MRED Added to Database
June 07, 2026
Tatiana Perry
Listing Agent