256 W 115th Street, Chicago, IL

Mixed-use opportunity with major upside potential. This property features a commercial storefront on the main level with a residential apartment above and experienced a significant fire event in January 2026. The property is being sold strictly as-is. Chicago Fire Department reports indicate damage from fire, smoke, and water, with the fire originating in the living space. Extensive rehabilitation will be required, making this an opportunity best suited for experienced investors, developers, rehabbers, or business owners looking to customize a live/work or income-producing property. Insurance and inspection documentation available. Preliminary estimates reference repairs to roofing, framing, siding, interior plaster/drywall, flooring, ceilings, and portions of the attic and living areas. Located along the planned Red Line Extension corridor, this property offers long-term redevelopment and investment potential in a growing area of Chicago. Buyer to perform all due diligence regarding condition, zoning, permits, code compliance, and feasibility of renovation or redevelopment. Cash or renovation financing likely required. Enter at your own risk; showings only with permission and appropriate precautions. Rare opportunity to reposition a mixed-use property in an area poised for future investment and infrastructure growth.