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    6942 S Stony Island Ave Chicago, IL 60649

    New
    Under Contract
    For Sale
    $375,000

    Commercial Sale - Chicago, IL

    Property size:
    4,499 SF
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 6942 S Stony Island Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    OTHER
    APN
    20234180150000
    Size
    4,499 SF

    Utilities

    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    3
    Flooring type
    Carpet, Tile
    Roof type
    Rubber
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Chelsea James (708) 634-0103 License #475190629

    Listing date Dec 1, 2025

    MLS# 12508355 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Near Obama Library

    This mixed-use property is located approximately 5 minutes from the Obama Library. The building features two 4-bedroom, 1-bath units, along with a commercial space that is currently occupied by long-standing tenants. Each residential unit is equipped with individual heating and electric systems, as well as an in-unit washer and dryer. The property has a recently installed back porch and roof. The property contains 4499 square feet. The property is located in Chicago, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Top 10 Nails ... Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5867757
    Latitude
    41.7684699

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential units and commercial space in Chicago.
    Where is this mixed-use property located?
    The property is located at 6942 S Stony Island Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Proximity to Obama Library (5 minutes); - Mixed-use property (residential and commercial); - Two 4-bedroom, 1-bath units
    (708) 634-0103
    Request Owner's contact information
    6942 S Stony Island Ave Chicago, IL 60649
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    Chicago, IL 60649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6942 S Stony Island Ave Chicago, IL 60649
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