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11131 S Michigan Ave
Chicago, IL 60628
Retail Property For Sale
Executive Summary
Roseland/Pollman area, Mixed-use building, approximately 4,000 Sq. ft. consisting of first floor commercial space about -+ 2,500 Sq. ft. with basement and 2nd level residential unit of 3-bedrooms, 2-baths apartment in need of work to be brought to living condition. Just a few blocks east of one of Chicago’s most unique historic districts Michigan Ave., and State St. corridor). Close to I-94 (Bishop Ford Freeway) and I-57. Nearby Metra Electric Line (Pullman / 111th St. station) Providing commuter access to downtown. Close to the National Park. Main level store is leased month to month for $1,000 per month. Zoning is B1-3 allowing retail storefronts and apartments above the ground-floor. Annual real estate taxes for 2024 were $3,277.00. 2025 City of Chicago announced $48.3 Million Mixed-Use project for the neighborhood.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1908
Price
$129,000
Price Per SF
$32.25
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B1-3 - allowing retail storefronts and apartments above the ground-floor
Property Taxes
| Parcel Number | 25-22-102-012-0000 | Improvements Assessment | $10,225 |
| Land Assessment | $1,875 | Total Assessment | $12,100 |
Property Taxes
Parcel Number
25-22-102-012-0000
Land Assessment
$1,875
Improvements Assessment
$10,225
Total Assessment
$12,100
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