2524 South California, Chicago IL 60608
Property Description
INVESTORS! 5 Unit Building - The main building has a restaurant on the ground floor with a 2-bedroom, 1-bath apartment above, along with a full basement (40% used by the restaurant). The addition of coin-operated laundry for all tenants is a nice bonus for extra income. The separate building at the rear of the lot adds even more value, with two 2-bedroom, 1-bath apartments and a basement unit currently set up as a 1-bedroom but could be converted into a 2-bedroom. Garage is currently being rented for $250/mo. Tenants paying all utilities is also a strong feature, as it reduces the owner's expenses. With the mixed-use setup, you have both residential and commercial tenants, which could diversify your income stream. Option to purchase this property with 2814 W. 25th Place (MLS#12289174)!
Features & Information
Key Details
- List Price $1,100,000
- Property Taxes $8,795.09
- Price/ Sq. Ft. Unavailable
- Year Built 1891
- Status Active
Building Information
- Age of Building Older
- Exterior Construction Brick
- Heating & Cooling Other
Location
- County Cook
- Directions to Property On California Blvd, South 2500
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Property Taxes
- Tax 8795.09
- Parcel Identification Number 16251260480000
Listed by Rafay Qamar for Real Broker LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/26/2025 6:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Little Village
Little Village, or South Lawndale as it was formerly known, is an area ripe with culture. Today it is a predominantly Mexican-American neighborhood, but in years past it has been host to ethnic groups such as Italians, Czechs, Irish, Croatians and Slovenians. These days, Little Village is fast becoming a popular neighborhood for young families looking for quality housing at affordable prices. New condominiums and vintage flats are a big draw for first-time homebuyers, while detached homes and brick bungalows catch the eye of families and folks who like a little more space. The neighborhood's strong Hispanic heritage is apparent in the multitude of excellent Mexican restaurants, Spanish-named stores and specialty grocery items you can get here. And there is no doubt Little Village residents take pride in their roots when the Mexican Independence Day Parade comes through each year, serenaded by mariachi bands and a sea of spectators dressed in Mexico's colors – red, white and green.
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