Chicago Lawn, IL
Commercial Real Estate Market Trends & Data

$224 Avg asking sale price
$110 Avg asking lease rate
18,649 SF Avg unit lease size
96,210 SF Avg building size for sale
6.79% Average cap rate

Chicago Lawn's Demographic Profile

Chicago Lawn has 26,939 households and a median income of $46,962, providing context for rent absorption and tenant demand across retail and multifamily assets. A -8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 95,648
# Households 26,939
Median age 34
Median household income $46,962
Avg household size 3.0
Renter-occupied housing units 11,596
5-year population change -8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chicago Lawn, IL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Chicago Lawn $252 15,292 SF
Burbank $583 14,036 SF
Chicago $284 12,396 SF
Evergreen Park $130 6,272 SF
Stickney $197 59,009 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Chicago Lawn $105 189,495 SF 9.30%
Chicago $186 39,591 SF 25.00%
Cicero $86 19,915 SF 9.83%
Berwyn $112 20,768 SF 9.83%

Commercial Properties For Sale in Chicago Lawn

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

3202 W 66th Place

Chicago, IL 60629

  • 12,851 SF Multifamily
  • 8.18% Cap Rate
  • $925,000
For Sale

Absolute NNN Ground Lease Wendy's in Chicago

Chicago, IL 60636

  • 3,485 SF Retail Building
  • 6.40% Cap Rate
  • $1,796,094
For Sale

5628 S Western

Chicago, IL 60636

  • 1,200 SF Retail Building
  • $600,000
For Sale

5644 S Western Ave

Chicago, IL 60636

  • 2,200 SF Retail Building
  • $600,000
For Sale

2517 W 79th St

Chicago, IL 60652

  • 13,275 SF Retail Building
  • 10.91% Cap Rate
  • $595,000
For Sale

AIA /// 5 UNITS /// WEST ENGLEWOOD

Chicago, IL 60636

  • 10,000 SF Multifamily
  • 9.30% Cap Rate
  • $675,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Chicago Lawn pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Chicago Lawn $224 96,210 SF
Burbank $336 60,201 SF
Chicago $213 34,771 SF
Evergreen Park $169 6,515 SF
Forest View $44 100,000 SF

Multifamily Properties For Sale in Chicago Lawn

For Sale

Marquette Park Portfolio

Chicago, IL

  • 7.04% Cap Rate
  • $2,300,000

Regional Demographic Comparison

This comparison places Chicago Lawn alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Chicago Lawn or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Chicago Lawn 95,648 26,939 34 $46,962 3 11,596 -8%
Burbank 28,112 8,881 39 $74,637 3 1,937 -3%
Chicago 2,527,917 1,061,002 37 $69,230 2 627,070 -5%
Evergreen Park 19,106 6,849 40 $87,139 3 1,216 -3%
Forest View 722 253 41 $101,515 3 24 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Chicago Lawn, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Chicago Lawn

View All Commercial Real Estate For Sale in Chicago Lawn
Is Chicago Lawn a good market for a first-time commercial real estate investor?

Chicago Lawn offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Chicago Lawn?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Chicago Lawn. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Chicago Lawn?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Chicago Lawn. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Chicago Lawn compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Chicago Lawn. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Chicago Lawn acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Chicago Lawn, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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