**PRE-FORECLOSURE OPPORTUNITY – RECEIVER APPOINTED – CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property’s condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago’s Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don’t miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.
Property Details
Price:
$230,000
MLS #:
MRD12660583
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chibrightonpark
Listed Date:
May 28, 2026
Total Sq Ft:
4,375
Year Built:
1916
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$6,831
Map
Community
- Address3935 S Kedzie Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60632
Market Summary
Current real estate data for Commercial in Chicago as of Oct 06, 2026
887
Commercial Listed
184
Avg DOM
$1,022,299
Avg List Price
Property Summary
- 3935 S Kedzie Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60632. It is listed for $230,000
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Copyright 2026. All rights reserved.
3935 S Kedzie Avenue
Chicago, IL


