Description
Prime mixed-use investment opportunity in the heart of Pilsen! Property is currently set up as a single-family home and building will be vacant at closing. This historic brick building, built in the late 1800’s, offers approximately 4,000 sq ft across multiple units with strong potential rental income and future upside. The first-floor features an open-concept layout with two large rooms, laundry, fireplace, a spacious kitchen, and a full bath. The basement has 2 bedrooms / 1 bath (~1,500 sq ft) with 9ft ceilings. The second floor offers a full 3 bedrooms, 2 full baths, 2 gas fireplaces, an enclosed porch and wet bar for year-round entertaining. There is also an outdoor rooftop deck boasting stunning skyline views. Interiors include hardwood and tile flooring, in-unit laundry, recessed lighting, generous closets. Rare attached 2-car garage included. This is a very unique and well cared for property. The basement is fully finished and set up with two more bedrooms, full bath, kitchen and laundry. Cash or Commercial Financing will most likely be needed for purchase (Building is zoned C1-2). Located on bustling Blue Island Ave, just steps from 18th Street, CTA Pink Line, UIC, and the Medical District, this property benefits from a 96 Walk Score and a 99 Bike Score. Surrounded by Pilsen’s vibrant dining, art, and cultural scene, this is an unbeatable live-work-invest opportunity. Whether you’re looking to stabilize income, renovate for higher rents, or add a boutique storefront, 1639 S Blue Island delivers exceptional potential. Property sold “As Is”
- Listing Courtesy of: Century 21 S.G.R., Inc.
Details
Updated on November 5, 2025 at 12:02 pm- Property ID: MRD12457078
- Price: $650,000
- Property Size: 4000 Sq Ft
- Bedrooms: 3
- Bathrooms: 4
- Property Type: Single Family
- Property Status: Re-activated
- Parking Total: 2
- Parcel Number: 17203050170000
- Water Source: Lake Michigan
- Sewer: Public Sewer
- Days On Market: 69
- Basement Bedroom(s): 2
- Basement Bath(s): Yes
- Fire Places Total: 2
- Cumulative Days On Market: 69
- Tax Annual Amount: 926.33
- Cooling: None
- Asoc. Provides: None
- Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer
- Parking Features: Garage Door Opener,Garage,Yes,Garage Owned,Attached
- Room Type: Bedroom 5,Other Room,Balcony/Porch/Lanai
- Stories: 2 Stories
- Directions: 18th St to Blue Island Ave, North on Blue Island Ave. Roosevelt to Racine, South on Racine then South on Blue Island Ave.
- Association Fee Frequency: Not Required
- Living Area Source: Estimated
- Township: West Chicago
- Bathrooms Half: 1
- ConstructionMaterials: Brick
- Interior Features: Vaulted Ceiling(s),Wet Bar
- Asoc. Billed: Not Required
Address
Open on Google Maps- Address 1639 S Blue Island
- City Chicago
- State/county IL
- Zip/Postal Code 60608
- Country Cook
Overview
- Single Family
- 3
- 4
- 4000
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